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Stocks SKWD DCF valuation

DCF valuation

What is Skyward Specialty Insurance Group, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Skyward Specialty Insurance Group, Inc.'s reported free cash flow gives $323.42 per share. The share price was $54.78 on September 25, 2026, 83% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$402.6M
Average free cash flow, last 5 years
$283.7M
Cash
$219.2M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
41,808,046
Revenue growth per year, last 3 years
37.1%

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%$198.57+262%
Base15.0%9.0%2.5%9.0%$323.42+490%
Bull20.0%11.5%3.0%8.0%$555.90+915%

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%$417.95$447.42$483.45$528.48$586.37
8.0%$346.94$366.05$388.64$415.75$448.88
9.0%$295.27$308.34$323.42$341.01$361.80
10.0%$256.10$265.39$275.92$287.96$301.85
11.0%$225.44$232.26$239.87$248.44$258.15

Where the presets come from

Base: years 1 to 5 grow at Skyward Specialty Insurance Group, Inc.'s revenue growth rate over the last 3 fiscal years (37.1% 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

Skyward Specialty Insurance Group, Inc. company page