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What is Acuity Inc. (DE) worth?

With the base-case assumptions below, a discounted cash flow model on Acuity Inc. (DE)'s reported free cash flow gives $308.14 per share. The share price was $319.42 on September 25, 2026, 4% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$533M
Average free cash flow, last 5 years
$444.9M
Cash
$411.9M
balance sheet of May 31, 2026
Debt
$697.3M
balance sheet of May 31, 2026
Diluted shares, fiscal 2025
31,641,000
Revenue growth per year, last 5 years
5.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.5%1.5%2.0%10.0%$189.59-41%
Base5.5%4.0%2.5%9.0%$308.14-4%
Bull10.5%7.0%3.0%8.0%$544.48+70%

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%$395.14$421.63$454.01$494.48$546.52
8.0%$330.27$347.45$367.75$392.11$421.89
9.0%$282.84$294.58$308.14$323.95$342.63
10.0%$246.68$255.03$264.50$275.32$287.80
11.0%$218.23$224.36$231.20$238.90$247.63

Where the presets come from

Base: years 1 to 5 grow at Acuity Inc. (DE)'s revenue growth rate over the last 5 fiscal years (5.5% 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

Acuity Inc. (DE) company page