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DCF valuation

What is Credo Technology Group Holding Ltd worth?

With the base-case assumptions below, a discounted cash flow model on Credo Technology Group Holding Ltd's reported free cash flow gives $73.92 per share. The share price was $210.97 on September 25, 2026, 185% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$407M
Average free cash flow, last 5 years
$71.7M
Cash
$466.9M
balance sheet of August 1, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2026
188,232,000
Revenue growth per year, last 4 years
118.4%

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%$45.89-78%
Base15.0%9.0%2.5%9.0%$73.92-65%
Bull20.0%11.5%3.0%8.0%$126.11-40%

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%$95.14$101.76$109.85$119.96$132.96
8.0%$79.20$83.49$88.56$94.65$102.09
9.0%$67.60$70.53$73.92$77.87$82.54
10.0%$58.80$60.89$63.25$65.96$69.07
11.0%$51.92$53.45$55.16$57.08$59.26

Where the presets come from

Base: years 1 to 5 grow at Credo Technology Group Holding Ltd's revenue growth rate over the last 4 fiscal years (118.4% 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

Credo Technology Group Holding Ltd company page