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Stocks AZTA DCF valuation

DCF valuation

What is Azenta, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Azenta, Inc.'s reported free cash flow gives $23.60 per share. The share price was $34.02 on September 25, 2026, 44% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$38.3M
Average free cash flow, last 5 years
-$85.1M
Cash
$189.7M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
45,896,000
Revenue growth per year, last 5 years
8.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.0%3.0%2.0%10.0%$16.06-53%
Base9.0%6.0%2.5%9.0%$23.60-31%
Bull14.0%8.5%3.0%8.0%$37.67+11%

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%$29.13$30.83$32.91$35.51$38.85
8.0%$25.00$26.10$27.40$28.97$30.88
9.0%$21.98$22.73$23.60$24.62$25.82
10.0%$19.68$20.22$20.83$21.52$22.32
11.0%$17.88$18.28$18.72$19.21$19.77

Where the presets come from

Base: years 1 to 5 grow at Azenta, Inc.'s revenue growth rate over the last 5 fiscal years (8.9% 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

Azenta, Inc. company page