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 $59.29 per share. The share price was $183.40 on November 10, 2026, 209% 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% | $32.21 | -82% |
| Base | 13.0% | 9.0% | $59.29 | -68% |
| Bull | 18.0% | 8.0% | $109.75 | -40% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $79.58 | $85.88 | $93.58 | $103.21 | $115.58 |
| 8.0% | $64.36 | $68.44 | $73.27 | $79.07 | $86.15 |
| 9.0% | $53.27 | $56.07 | $59.29 | $63.05 | $67.49 |
| 10.0% | $44.86 | $46.85 | $49.10 | $51.67 | $54.64 |
| 11.0% | $38.27 | $39.73 | $41.35 | $43.18 | $45.26 |
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