July 3, 2023
Key InsightsThe projected fair value for Federal Signal is US$73.36 based on 2 Stage Free Cash Flow to EquityFederal Signal’s US$64.03 share price indicates it is trading at similar levels as its fair value estimateAnalyst price target for FSS is US$61.60 which is 16% below our fair value estimateDoes the July share price for Federal Signal Corporation (NYSE:FSS) reflect what it’s really worth? Today, we will estimate the stock’s intrinsic value by taking the expected future cash flows and discounting them to today’s value. The Discounted Cash Flow (DCF) model is the tool we will apply…