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DCF valuation

What is Integer Holdings Corp worth?

With the base-case assumptions below, a discounted cash flow model on Integer Holdings Corp's reported free cash flow gives $45.15 per share. The share price was $126.57 on November 10, 2026, 180% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$105.1M
Average free cash flow, last 5 years
$82M
Cash
$14.1M
balance sheet of October 2, 2026
Debt
$1.22B
balance sheet of October 2, 2026
Diluted shares, fiscal 2025
35,594,000
Revenue growth per year, last 5 years
11.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear6.5%4.5%2.0%10.0%$15.14-88%
Base11.5%7.0%2.5%9.0%$45.15-64%
Bull16.5%10.0%3.0%8.0%$104.97-17%

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%$67.99$75.05$83.68$94.46$108.33
8.0%$50.88$55.46$60.87$67.36$75.30
9.0%$38.41$41.54$45.15$49.37$54.35
10.0%$28.94$31.17$33.69$36.57$39.90
11.0%$21.51$23.15$24.97$27.02$29.35

Where the presets come from

Base: years 1 to 5 grow at Integer Holdings Corp's revenue growth rate over the last 5 fiscal years (11.5% 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

Integer Holdings Corp company page