What is Ati Inc worth?
With the base-case assumptions below, a discounted cash flow model on Ati Inc's reported free cash flow gives $59.33 per share. The share price was $185.48 on September 25, 2026, 213% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.0% | 10.0% | $32.25 | -83% |
| Base | 13.0% | 9.0% | $59.33 | -68% |
| Bull | 18.0% | 8.0% | $109.80 | -41% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $79.63 | $85.93 | $93.63 | $103.25 | $115.63 |
| 8.0% | $64.40 | $68.49 | $73.32 | $79.11 | $86.19 |
| 9.0% | $53.32 | $56.11 | $59.33 | $63.09 | $67.54 |
| 10.0% | $44.90 | $46.89 | $49.14 | $51.71 | $54.68 |
| 11.0% | $38.31 | $39.77 | $41.40 | $43.23 | $45.30 |
Where the presets come from
Base: years 1 to 5 grow at Ati Inc's revenue growth rate over the last 4 fiscal years (13.1% 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