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DCF valuation

What is Mgp Ingredients Inc worth?

With the base-case assumptions below, a discounted cash flow model on Mgp Ingredients Inc's reported free cash flow gives $60.10 per share. The share price was $12.82 on September 25, 2026, 79% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$76M
Average free cash flow, last 5 years
$44M
Cash
$10.4M
balance sheet of March 31, 2026
Debt
$245M
balance sheet of March 31, 2026
Diluted shares, fiscal 2025
21,363,047
Revenue growth per year, last 5 years
6.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$33.45+161%
Base6.5%4.5%2.5%9.0%$60.10+369%
Bull11.5%7.5%3.0%8.0%$113.24+783%

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%$79.78$85.79$93.14$102.32$114.13
8.0%$65.09$68.99$73.60$79.13$85.88
9.0%$54.36$57.02$60.10$63.69$67.93
10.0%$46.18$48.08$50.22$52.68$55.51
11.0%$39.75$41.14$42.69$44.44$46.42

Where the presets come from

Base: years 1 to 5 grow at Mgp Ingredients Inc's revenue growth rate over the last 5 fiscal years (6.3% 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

Mgp Ingredients Inc company page