Invesaro

Stocks AIR DCF valuation

DCF valuation

What is Aar Corp worth?

With the base-case assumptions below, a discounted cash flow model on Aar Corp's reported free cash flow gives $32.34 per share. The share price was $116.11 on September 25, 2026, 259% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$62.1M
Average free cash flow, last 5 years
$25.8M
Cash
$84M
balance sheet of May 31, 2026
Debt
$893.9M
balance sheet of May 31, 2026
Diluted shares, fiscal 2026
38,400,000
Revenue growth per year, last 5 years
14.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$11.37-90%
Base15.0%9.0%2.5%9.0%$32.34-72%
Bull20.0%11.5%3.0%8.0%$71.38-39%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$48.21$53.16$59.21$66.77$76.50
8.0%$36.29$39.50$43.29$47.84$53.41
9.0%$27.61$29.81$32.34$35.29$38.79
10.0%$21.03$22.59$24.36$26.38$28.72
11.0%$15.89$17.03$18.31$19.75$21.38

Where the presets come from

Base: years 1 to 5 grow at Aar Corp's revenue growth rate over the last 5 fiscal years (14.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Aar Corp company page