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DCF valuation

What is Brinks Co worth?

With the base-case assumptions below, a discounted cash flow model on Brinks Co's reported free cash flow gives $162.52 per share. The share price was $106.82 on September 25, 2026, 34% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$436.4M
Average free cash flow, last 5 years
$349.4M
Cash
$1.66B
balance sheet of June 30, 2026
Debt
$3.99B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
42,500,000
Revenue growth per year, last 5 years
7.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$80.74-24%
Base7.5%5.0%2.5%9.0%$162.52+52%
Bull12.5%8.0%3.0%8.0%$325.57+205%

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%$223.30$241.90$264.65$293.07$329.62
8.0%$177.90$189.97$204.23$221.34$242.25
9.0%$144.75$153.00$162.52$173.62$186.75
10.0%$119.50$125.37$132.02$139.62$148.39
11.0%$99.67$103.97$108.78$114.19$120.31

Where the presets come from

Base: years 1 to 5 grow at Brinks Co's revenue growth rate over the last 5 fiscal years (7.3% 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

Brinks Co company page