MERCURY SYSTEMS INC (MRCY)

Electronic Components & Accessories

Latest Price

$80.61

TTM P/E

Normalized P/E

Div Yield

Book Value

24.88

P/B Ratio

3.24

Valuation metrics

Norm. op. income: $280,000 (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$3.63

96% downside

Base FCF: $68M (median of recent 5yr)

Growth: -15%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$8.46

90% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	9.37M	$1.15B	15.72%	+450.6K	2026-06-30
JANA Partners Management, LP	3.96M	$484.0M	6.64%	-148.6K	2026-06-30
STATE STREET CORP	3.42M	$418.0M	5.74%	-447.4K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	3.03M	$370.0M	5.09%	+120.6K	2026-06-30
Invesco Ltd.	2.67M	$326.0M	4.48%	+227.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	2.42M	$296.0M	4.06%	+18.8K	2026-06-30
FMR LLC	1.84M	$225.0M	3.09%	+938.4K	2026-06-30
T. Rowe Price Investment Management, Inc.	1.60M	$195.0M	2.68%	+15.9K	2026-06-30
GOLDMAN SACHS GROUP INC	1.58M	$192.0M	2.64%	+374.6K	2026-06-30
Conestoga Capital Advisors, LLC	1.49M	$181.0M	2.50%	-431.4K	2026-06-30