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DCF valuation

What is Skillsoft Corp. worth?

With the base-case assumptions below, a discounted cash flow model on Skillsoft Corp.'s reported free cash flow gives -$18.36 per share. The share price was $5.95 on September 25, 2026, 132% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$23.3M
Cash
$90.3M
balance sheet of July 31, 2026
Debt
$567.2M
balance sheet of July 31, 2026
Diluted shares, fiscal 2026
8,594,008
Revenue growth per year, last 6 years
-0.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-5.0%-1.5%2.0%10.0%-$32.29-643%
Base-0.0%1.5%2.5%9.0%-$18.36-409%
Bull5.0%4.0%3.0%8.0%$7.64+28%

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%-$8.73-$5.84-$2.31$2.10$7.77
8.0%-$15.88-$14.00-$11.79-$9.14-$5.89
9.0%-$21.12-$19.84-$18.36-$16.64-$14.60
10.0%-$25.13-$24.22-$23.19-$22.01-$20.65
11.0%-$28.29-$27.63-$26.88-$26.04-$25.09

Where the presets come from

Base: years 1 to 5 grow at Skillsoft Corp.'s revenue growth rate over the last 6 fiscal years (-0.0% 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

Skillsoft Corp. company page