What is EnerSys worth?
With the base-case assumptions below, a discounted cash flow model on EnerSys's reported free cash flow gives $204.78 per share. The share price was $178.89 on September 25, 2026, 13% 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 | -0.5% | 10.0% | $121.82 | -32% |
| Base | 4.5% | 9.0% | $204.78 | +14% |
| Bull | 9.5% | 8.0% | $366.34 | +105% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $263.88 | $281.82 | $303.74 | $331.15 | $366.39 |
| 8.0% | $219.85 | $231.49 | $245.24 | $261.74 | $281.90 |
| 9.0% | $187.65 | $195.60 | $204.78 | $215.49 | $228.14 |
| 10.0% | $163.08 | $168.74 | $175.15 | $182.48 | $190.93 |
| 11.0% | $143.74 | $147.89 | $152.52 | $157.74 | $163.65 |
Where the presets come from
Base: years 1 to 5 grow at EnerSys's revenue growth rate over the last 5 fiscal years (4.7% 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