Invesaro

Stocks HELE DCF valuation

DCF valuation

What is Helen of Troy Ltd worth?

With the base-case assumptions below, a discounted cash flow model on Helen of Troy Ltd's reported free cash flow gives $35.54 per share. The share price was $28.63 on September 25, 2026, 19% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$131.9M
Average free cash flow, last 5 years
$116.1M
Cash
$21.7M
balance sheet of May 31, 2026
Debt
$716.1M
balance sheet of May 31, 2026
Diluted shares, fiscal 2026
23,002,000
Revenue growth per year, last 5 years
-3.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-8.0%-3.0%2.0%10.0%$11.25-61%
Base-3.0%-0.0%2.5%9.0%$35.54+24%
Bull2.0%2.5%3.0%8.0%$80.87+182%

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%$51.97$56.84$62.80$70.24$79.80
8.0%$39.82$42.98$46.72$51.19$56.67
9.0%$30.89$33.05$35.54$38.45$41.89
10.0%$24.05$25.58$27.32$29.31$31.61
11.0%$18.62$19.75$21.01$22.42$24.03

Where the presets come from

Base: years 1 to 5 grow at Helen of Troy Ltd's revenue growth rate over the last 5 fiscal years (-3.2% 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

Helen of Troy Ltd company page