D-Wave Quantum Inc.Opportunity Rank #282(QBTS) Intrinsic Value & DCF Analysis (2026)
Current Price
$24.44
Last updated: Jun 23, 2026
Price vs Intrinsic Value
Fundamental Score
Weighted across 6 signals
Narrative Score
+6 vs previous
Trend Score
As of 2026-06-22
The intrinsic value of D-Wave Quantum Inc. (QBTS) is estimated at $1.31 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $24.44, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a -50.98% long-term growth rate and a 12.21% discount rate, reflecting expected future free cash flow and cost of capital.
The intrinsic value of D-Wave Quantum Inc. (QBTS) is estimated at $1.31 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $24.44, the stock appears overvalued relative to its projected cash flow fundamentals. This estimate assumes a -50.98% long-term growth rate and a 12.21% discount rate, reflecting expected future free cash flow and cost of capital.Valuation Details
Capital Efficiency
The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.
Fundamental Details
Narrative Details
Trend Details
Investment Coach
- Price moving to at least a mid-teens discount to fair value
- Improvement in ROIC versus WACC spread
- Meaningful shifts in the narrative score direction
Free Cash Flow (in millions)
How Intrinziq Estimates Fair Value
Intrinziq estimates D-Wave Quantum Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.
D-Wave Quantum Inc.Technology
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.