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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 $1,225.56 per share. The share price was $220.11 on September 25, 2026, 82% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$245.6M
Average free cash flow, last 5 years
$86.1M
Cash
$205.2M
balance sheet of June 30, 2026
Debt
$39.6M
balance sheet of June 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%$754.27+243%
Base15.0%9.0%2.5%9.0%$1,225.56+457%
Bull20.0%11.5%3.0%8.0%$2,103.12+855%

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%$1,582.38$1,693.64$1,829.63$1,999.61$2,218.15
8.0%$1,314.34$1,386.49$1,471.76$1,574.08$1,699.14
9.0%$1,119.31$1,168.64$1,225.56$1,291.97$1,370.45
10.0%$971.43$1,006.51$1,046.27$1,091.71$1,144.14
11.0%$855.72$881.43$910.18$942.52$979.17

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