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Stocks BWXT DCF valuation

DCF valuation

What is BWX Technologies, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on BWX Technologies, Inc.'s reported free cash flow gives $56.37 per share. The share price was $126.64 on November 10, 2026, 125% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$295.3M
Average free cash flow, last 5 years
$176.8M
Cash
$568.5M
balance sheet of September 30, 2026
Debt
$2.02B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
91,856,013
Revenue growth per year, last 5 years
8.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.5%3.0%2.0%10.0%$29.15-77%
Base8.5%5.5%2.5%9.0%$56.37-55%
Bull13.5%8.5%3.0%8.0%$110.65-13%

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%$76.73$82.98$90.61$100.16$112.43
8.0%$61.51$65.56$70.35$76.10$83.12
9.0%$50.41$53.18$56.37$60.10$64.51
10.0%$41.95$43.92$46.16$48.71$51.65
11.0%$35.32$36.76$38.37$40.19$42.25

Where the presets come from

Base: years 1 to 5 grow at BWX Technologies, Inc.'s revenue growth rate over the last 5 fiscal years (8.5% 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

BWX Technologies, Inc. company page