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DCF valuation

What is Inspired Entertainment, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Inspired Entertainment, Inc.'s reported free cash flow gives $2.89 per share. The share price was $4.57 on September 25, 2026, 58% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$16.3M
Average free cash flow, last 5 years
$10.8M
Cash
$23.2M
balance sheet of June 30, 2026
Debt
$319.4M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
29,060,055
Revenue growth per year, last 5 years
8.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.0%3.0%2.0%10.0%-$2.18-148%
Base9.0%6.0%2.5%9.0%$2.89-37%
Bull14.0%8.5%3.0%8.0%$12.34+170%

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%$6.60$7.74$9.14$10.88$13.13
8.0%$3.82$4.56$5.44$6.49$7.77
9.0%$1.80$2.30$2.89$3.57$4.37
10.0%$0.25$0.61$1.02$1.49$2.03
11.0%-$0.96-$0.69-$0.40-$0.06$0.31

Where the presets come from

Base: years 1 to 5 grow at Inspired Entertainment, Inc.'s revenue growth rate over the last 5 fiscal years (8.8% 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

Inspired Entertainment, Inc. company page