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What is Ecovyst Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Ecovyst Inc.'s reported free cash flow gives $9.62 per share. The share price was $10.65 on November 10, 2026, 11% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$69.9M
Average free cash flow, last 5 years
$88.1M
Cash
$71.2M
balance sheet of September 30, 2026
Debt
$493.1M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
115,957,562
Revenue growth per year, last 5 years
7.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.0%2.5%2.0%10.0%$4.50-58%
Base8.0%5.5%2.5%9.0%$9.62-10%
Bull13.0%8.0%3.0%8.0%$19.17+80%

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%$13.35$14.49$15.89$17.64$19.89
8.0%$10.56$11.30$12.18$13.23$14.52
9.0%$8.52$9.03$9.62$10.30$11.11
10.0%$6.97$7.33$7.74$8.21$8.75
11.0%$5.76$6.02$6.32$6.65$7.03

Where the presets come from

Base: years 1 to 5 grow at Ecovyst Inc.'s revenue growth rate over the last 5 fiscal years (7.8% 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

Ecovyst Inc. company page