Invesaro

Stocks SNEX DCF valuation

DCF valuation

What is StoneX Group Inc. worth?

With the base-case assumptions below, a discounted cash flow model on StoneX Group Inc.'s reported free cash flow gives $2,893.19 per share. The share price was $66.81 on September 25, 2026, 98% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$4.32B
Average free cash flow, last 5 years
$1.3B
Cash
$2.19B
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
50,124,502
Revenue growth per year, last 5 years
19.6%

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%$1,775.08+2,557%
Base15.0%9.0%2.5%9.0%$2,893.19+4,230%
Bull20.0%11.5%3.0%8.0%$4,975.16+7,347%

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%$3,739.73$4,003.69$4,326.30$4,729.57$5,248.05
8.0%$3,103.80$3,274.98$3,477.28$3,720.03$4,016.73
9.0%$2,641.12$2,758.15$2,893.19$3,050.74$3,236.94
10.0%$2,290.28$2,373.50$2,467.83$2,575.63$2,700.02
11.0%$2,015.76$2,076.77$2,144.97$2,221.69$2,308.64

Where the presets come from

Base: years 1 to 5 grow at StoneX Group Inc.'s revenue growth rate over the last 5 fiscal years (19.6% 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

StoneX Group Inc. company page