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 $64.45 per share. The share price was $42.99 on November 10, 2026, 33% 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% | $41.84 | -3% |
| Base | 15.0% | 9.0% | $64.45 | +50% |
| Bull | 20.0% | 8.0% | $106.55 | +148% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $81.57 | $86.91 | $93.43 | $101.59 | $112.07 |
| 8.0% | $68.71 | $72.17 | $76.26 | $81.17 | $87.17 |
| 9.0% | $59.35 | $61.72 | $64.45 | $67.64 | $71.40 |
| 10.0% | $52.26 | $53.94 | $55.85 | $58.03 | $60.55 |
| 11.0% | $46.71 | $47.94 | $49.32 | $50.87 | $52.63 |
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