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DCF valuation

What is Mirion Technologies, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Mirion Technologies, Inc.'s reported free cash flow gives $13.42 per share. The share price was $15.59 on September 25, 2026, 16% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$106.9M
Cash
$418.7M
balance sheet of June 30, 2026
Debt
$445.3M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
261,154,000
Revenue growth per year, last 4 years
17.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$8.12-48%
Base15.0%9.0%2.5%9.0%$13.42-14%
Bull20.0%11.5%3.0%8.0%$23.30+49%

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%$17.44$18.69$20.22$22.14$24.60
8.0%$14.42$15.23$16.19$17.35$18.76
9.0%$12.23$12.78$13.42$14.17$15.05
10.0%$10.56$10.96$11.40$11.92$12.51
11.0%$9.26$9.55$9.87$10.24$10.65

Where the presets come from

Base: years 1 to 5 grow at Mirion Technologies, Inc.'s revenue growth rate over the last 4 fiscal years (17.9% 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

Mirion Technologies, Inc. company page