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What is BrightSpring Health Services, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on BrightSpring Health Services, Inc.'s reported free cash flow gives $51.87 per share. The share price was $184.31 on September 25, 2026, 255% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$394.7M
Average free cash flow, last 4 years
$100M
Cash
$550.4M
balance sheet of June 30, 2026
Debt
$2.19B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
219,774,000
Revenue growth per year, last 3 years
18.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$28.59-84%
Base15.0%9.0%2.5%9.0%$51.87-72%
Bull20.0%11.5%3.0%8.0%$95.22-48%

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%$69.50$74.99$81.71$90.11$100.91
8.0%$56.26$59.82$64.03$69.09$75.27
9.0%$46.62$49.06$51.87$55.15$59.03
10.0%$39.32$41.05$43.01$45.26$47.85
11.0%$33.60$34.87$36.29$37.89$39.70

Where the presets come from

Base: years 1 to 5 grow at BrightSpring Health Services, Inc.'s revenue growth rate over the last 3 fiscal years (18.7% 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

BrightSpring Health Services, Inc. company page