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Stocks NPKI DCF valuation

DCF valuation

What is NPK International Inc. worth?

With the base-case assumptions below, a discounted cash flow model on NPK International Inc.'s reported free cash flow gives $3.10 per share. The share price was $11.72 on September 25, 2026, 278% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$26.3M
Average free cash flow, last 5 years
$2.7M
Cash
$8.4M
balance sheet of June 30, 2026
Debt
$10.6M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
85,719,000
Revenue growth per year, last 5 years
-10.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%$1.96-83%
Base-5.0%-1.0%2.5%9.0%$3.10-74%
Bull0.0%1.5%3.0%8.0%$5.23-55%

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%$3.86$4.08$4.35$4.70$5.13
8.0%$3.30$3.44$3.61$3.82$4.07
9.0%$2.89$2.98$3.10$3.23$3.39
10.0%$2.57$2.64$2.72$2.81$2.91
11.0%$2.32$2.37$2.43$2.49$2.56

Where the presets come from

Base: years 1 to 5 grow at NPK International Inc.'s revenue growth rate over the last 5 fiscal years (-10.9% 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

NPK International Inc. company page