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DCF valuation

What is Hexcel Corp worth?

With the base-case assumptions below, a discounted cash flow model on Hexcel Corp's reported free cash flow gives $24.16 per share. The share price was $81.72 on November 10, 2026, 238% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$157.2M
Average free cash flow, last 5 years
$145.9M
Cash
$77.8M
balance sheet of September 30, 2026
Debt
$934.9M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
80,000,000
Revenue growth per year, last 5 years
4.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-0.5%0.5%2.0%10.0%$10.86-87%
Base4.5%3.5%2.5%9.0%$24.16-70%
Bull9.5%6.5%3.0%8.0%$50.06-39%

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%$33.64$36.51$40.03$44.42$50.07
8.0%$26.58$28.44$30.65$33.29$36.53
9.0%$21.42$22.69$24.16$25.88$27.91
10.0%$17.48$18.38$19.41$20.59$21.94
11.0%$14.38$15.04$15.79$16.62$17.57

Where the presets come from

Base: years 1 to 5 grow at Hexcel Corp'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

Hexcel Corp company page