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DCF valuation

What is Nutex Health Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Nutex Health Inc.'s reported free cash flow gives $1,231.78 per share. The share price was $186.25 on November 10, 2026, 85% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$245.6M
Average free cash flow, last 5 years
$86.1M
Cash
$249.9M
balance sheet of September 30, 2026
Debt
$42.3M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
6,756,108
Revenue growth per year, last 5 years
26.1%

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%$760.49+308%
Base15.0%9.0%2.5%9.0%$1,231.78+561%
Bull20.0%11.5%3.0%8.0%$2,109.34+1,033%

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%$1,588.60$1,699.86$1,835.84$2,005.82$2,224.37
8.0%$1,320.55$1,392.70$1,477.97$1,580.30$1,705.36
9.0%$1,125.53$1,174.86$1,231.78$1,298.19$1,376.67
10.0%$977.64$1,012.73$1,052.48$1,097.92$1,150.35
11.0%$861.93$887.65$916.40$948.73$985.38

Where the presets come from

Base: years 1 to 5 grow at Nutex Health Inc.'s revenue growth rate over the last 5 fiscal years (26.1% 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

Nutex Health Inc. company page