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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 $23.66 per share. The share price was $85.80 on September 25, 2026, 263% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$157.2M
Average free cash flow, last 5 years
$145.9M
Cash
$62.2M
balance sheet of June 30, 2026
Debt
$959.4M
balance sheet of June 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%$10.36-88%
Base4.5%3.5%2.5%9.0%$23.66-72%
Bull9.5%6.5%3.0%8.0%$49.56-42%

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%$33.14$36.01$39.53$43.92$49.57
8.0%$26.08$27.94$30.15$32.79$36.03
9.0%$20.92$22.19$23.66$25.38$27.41
10.0%$16.98$17.88$18.91$20.09$21.44
11.0%$13.88$14.54$15.28$16.12$17.07

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