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DCF valuation

What is Astec Industries Inc worth?

With the base-case assumptions below, a discounted cash flow model on Astec Industries Inc's reported free cash flow gives $4.70 per share. The share price was $41.28 on September 25, 2026, 778% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$20.7M
Average free cash flow, last 5 years
-$22.1M
Cash
$76.8M
balance sheet of June 30, 2026
Debt
$381.6M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
23,100,506
Revenue growth per year, last 5 years
6.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%-$2.01-105%
Base6.5%4.5%2.5%9.0%$4.70-89%
Bull11.5%7.5%3.0%8.0%$18.08-56%

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%$9.66$11.17$13.02$15.33$18.30
8.0%$5.96$6.94$8.10$9.49$11.19
9.0%$3.25$3.93$4.70$5.60$6.67
10.0%$1.20$1.67$2.21$2.83$3.54
11.0%-$0.42-$0.07$0.32$0.76$1.26

Where the presets come from

Base: years 1 to 5 grow at Astec Industries Inc's revenue growth rate over the last 5 fiscal years (6.6% 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

Astec Industries Inc company page