What is Gentex Corp worth?
With the base-case assumptions below, a discounted cash flow model on Gentex Corp's reported free cash flow gives $47.84 per share. The share price was $19.42 on November 10, 2026, 59% 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 | 3.5% | 10.0% | $30.04 | +55% |
| Base | 8.5% | 9.0% | $47.84 | +146% |
| Bull | 13.5% | 8.0% | $83.34 | +329% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $61.16 | $65.24 | $70.24 | $76.48 | $84.51 |
| 8.0% | $51.21 | $53.86 | $56.99 | $60.75 | $65.34 |
| 9.0% | $43.94 | $45.75 | $47.84 | $50.28 | $53.17 |
| 10.0% | $38.41 | $39.70 | $41.16 | $42.83 | $44.76 |
| 11.0% | $34.07 | $35.02 | $36.07 | $37.26 | $38.61 |
Where the presets come from
Base: years 1 to 5 grow at Gentex Corp's revenue growth rate over the last 5 fiscal years (8.5% 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