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DCF valuation

What is Netsol Technologies Inc worth?

With the base-case assumptions below, a discounted cash flow model on Netsol Technologies Inc's reported free cash flow gives $23.53 per share. The share price was $6.89 on November 9, 2026, 71% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$11.9M
Average free cash flow, last 5 years
$2.8M
Cash
$27.1M
balance sheet of June 30, 2026
Debt
$354.2K
balance sheet of June 30, 2026
Diluted shares, fiscal 2026
11,827,950
Revenue growth per year, last 5 years
7.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$15.53+125%
Base7.5%5.0%2.5%9.0%$23.53+242%
Bull12.5%8.0%3.0%8.0%$39.47+473%

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%$29.47$31.29$33.52$36.30$39.87
8.0%$25.03$26.21$27.61$29.28$31.33
9.0%$21.79$22.60$23.53$24.62$25.90
10.0%$19.32$19.90$20.55$21.29$22.15
11.0%$17.38$17.80$18.27$18.80$19.40

Where the presets come from

Base: years 1 to 5 grow at Netsol Technologies Inc's revenue growth rate over the last 5 fiscal years (7.3% 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

Netsol Technologies Inc company page