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DCF valuation

What is Nutanix, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Nutanix, Inc.'s reported free cash flow gives $97,721.71 per share. The share price was $68.03 on September 25, 2026, 100% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$840.7M
Average free cash flow, last 5 years
$482.8M
Cash
$777.3M
balance sheet of July 31, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2026
292,183
Revenue growth per year, last 5 years
15.4%

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%$60,419.62+88,713%
Base15.0%9.0%2.5%9.0%$97,721.71+143,545%
Bull20.0%11.5%3.0%8.0%$167,179.60+245,644%

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%$125,963.73$134,769.72$145,532.60$158,986.20$176,283.68
8.0%$104,748.04$110,458.70$117,207.67$125,306.42$135,204.90
9.0%$89,311.99$93,216.50$97,721.71$102,977.79$109,189.52
10.0%$77,607.35$80,384.01$83,530.88$87,127.31$91,277.03
11.0%$68,448.98$70,484.57$72,759.65$75,319.12$78,219.85

Where the presets come from

Base: years 1 to 5 grow at Nutanix, Inc.'s revenue growth rate over the last 5 fiscal years (15.4% 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

Nutanix, Inc. company page