What is NCR Atleos Corp worth?
With the base-case assumptions below, a discounted cash flow model on NCR Atleos Corp's reported free cash flow gives $28.08 per share. The share price was $46.08 on September 25, 2026, 64% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.0% | 10.0% | $5.78 | -87% |
| Base | 5.0% | 9.0% | $28.08 | -39% |
| Bull | 10.0% | 8.0% | $69.70 | +51% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $44.03 | $48.88 | $54.82 | $62.23 | $71.77 |
| 8.0% | $32.14 | $35.28 | $39.01 | $43.47 | $48.93 |
| 9.0% | $23.44 | $25.59 | $28.08 | $30.98 | $34.40 |
| 10.0% | $16.81 | $18.34 | $20.08 | $22.06 | $24.35 |
| 11.0% | $11.60 | $12.72 | $13.97 | $15.38 | $16.98 |
Where the presets come from
Base: years 1 to 5 grow at NCR Atleos Corp's revenue growth rate over the last 4 fiscal years (5.2% 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