What is Dynatrace, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Dynatrace, Inc.'s reported free cash flow gives $61.10 per share. The share price was $57.95 on September 25, 2026, 5% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $38.49 | -34% |
| Base | 15.0% | 9.0% | $61.10 | +5% |
| Bull | 20.0% | 8.0% | $103.20 | +78% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $78.22 | $83.56 | $90.08 | $98.23 | $108.72 |
| 8.0% | $65.36 | $68.82 | $72.91 | $77.82 | $83.82 |
| 9.0% | $56.00 | $58.37 | $61.10 | $64.29 | $68.05 |
| 10.0% | $48.91 | $50.59 | $52.50 | $54.68 | $57.19 |
| 11.0% | $43.36 | $44.59 | $45.97 | $47.52 | $49.28 |
Where the presets come from
Base: years 1 to 5 grow at Dynatrace, Inc.'s revenue growth rate over the last 5 fiscal years (23.5% 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