What is National Energy Services Reunited Corp. worth?
With the base-case assumptions below, a discounted cash flow model on National Energy Services Reunited Corp.'s reported free cash flow gives $28.52 per share. The share price was $32.13 on September 25, 2026, 13% 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 | 4.5% | 10.0% | $17.55 | -45% |
| Base | 9.5% | 9.0% | $28.52 | -11% |
| Bull | 14.5% | 8.0% | $50.40 | +57% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $36.78 | $39.32 | $42.42 | $46.30 | $51.29 |
| 8.0% | $30.60 | $32.25 | $34.20 | $36.53 | $39.38 |
| 9.0% | $26.10 | $27.22 | $28.52 | $30.04 | $31.83 |
| 10.0% | $22.67 | $23.47 | $24.38 | $25.42 | $26.61 |
| 11.0% | $19.98 | $20.57 | $21.23 | $21.97 | $22.80 |
Where the presets come from
Base: years 1 to 5 grow at National Energy Services Reunited Corp.'s revenue growth rate over the last 5 fiscal years (9.7% 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