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DCF valuation

What is Autoliv Inc worth?

With the base-case assumptions below, a discounted cash flow model on Autoliv Inc's reported free cash flow gives $177.86 per share. The share price was $121.27 on November 10, 2026, 32% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$716M
Average free cash flow, last 5 years
$405.8M
Cash
$197M
balance sheet of September 30, 2026
Debt
$1.68B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
76,900,000
Revenue growth per year, last 5 years
7.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$103.71-14%
Base7.5%5.0%2.5%9.0%$177.86+47%
Bull12.5%8.0%3.0%8.0%$325.71+169%

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%$232.98$249.85$270.47$296.25$329.39
8.0%$191.81$202.76$215.69$231.20$250.17
9.0%$161.75$169.23$177.86$187.93$199.84
10.0%$138.86$144.18$150.21$157.10$165.05
11.0%$120.88$124.78$129.14$134.04$139.60

Where the presets come from

Base: years 1 to 5 grow at Autoliv Inc's revenue growth rate over the last 5 fiscal years (7.7% 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

Autoliv Inc company page