What is ESAB Corp worth?
With the base-case assumptions below, a discounted cash flow model on ESAB Corp's reported free cash flow gives $41.07 per share. The share price was $71.91 on September 25, 2026, 75% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 3.0% | 10.0% | $11.50 | -84% |
| Base | 8.0% | 9.0% | $41.07 | -43% |
| Bull | 13.0% | 8.0% | $96.24 | +34% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $62.62 | $69.23 | $77.31 | $87.41 | $100.39 |
| 8.0% | $46.51 | $50.80 | $55.87 | $61.95 | $69.38 |
| 9.0% | $34.75 | $37.69 | $41.07 | $45.01 | $49.68 |
| 10.0% | $25.81 | $27.89 | $30.26 | $32.96 | $36.07 |
| 11.0% | $18.78 | $20.31 | $22.02 | $23.94 | $26.12 |
Where the presets come from
Base: years 1 to 5 grow at ESAB Corp'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