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DCF valuation

What is Concentrix Corp worth?

With the base-case assumptions below, a discounted cash flow model on Concentrix Corp's reported free cash flow gives $241.78 per share. The share price was $27.08 on September 25, 2026, 89% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$572.5M
Average free cash flow, last 5 years
$464.9M
Cash
$255.6M
balance sheet of May 31, 2026
Debt
$3.93B
balance sheet of May 31, 2026
Diluted shares, fiscal 2025
63,012,000
Revenue growth per year, last 4 years
20.1%

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%$123.99+358%
Base15.0%9.0%2.5%9.0%$241.78+793%
Bull20.0%11.5%3.0%8.0%$461.10+1,603%

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%$330.95$358.76$392.74$435.22$489.84
8.0%$263.96$281.99$303.30$328.88$360.13
9.0%$215.22$227.55$241.78$258.37$277.99
10.0%$178.26$187.03$196.97$208.32$221.43
11.0%$149.34$155.77$162.95$171.04$180.20

Where the presets come from

Base: years 1 to 5 grow at Concentrix Corp's revenue growth rate over the last 4 fiscal years (20.1% 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

Concentrix Corp company page