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DCF valuation

What is Phinia Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Phinia Inc.'s reported free cash flow gives $57.41 per share. The share price was $62.04 on September 25, 2026, 8% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$188M
Average free cash flow, last 5 years
$137.6M
Cash
$370M
balance sheet of June 30, 2026
Debt
$969M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
40,100,000
Revenue growth per year, last 4 years
1.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-3.0%-0.5%2.0%10.0%$30.04-52%
Base2.0%2.5%2.5%9.0%$57.41-7%
Bull7.0%5.0%3.0%8.0%$108.52+75%

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%$76.61$82.40$89.48$98.33$109.70
8.0%$62.33$66.09$70.53$75.85$82.36
9.0%$51.88$54.44$57.41$60.86$64.95
10.0%$43.89$45.71$47.78$50.15$52.88
11.0%$37.59$38.93$40.42$42.11$44.02

Where the presets come from

Base: years 1 to 5 grow at Phinia Inc.'s revenue growth rate over the last 4 fiscal years (1.9% 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

Phinia Inc. company page