What is STERIS plc worth?
With the base-case assumptions below, a discounted cash flow model on STERIS plc's reported free cash flow gives $295.43 per share. The share price was $208.93 on September 25, 2026, 29% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.0% | 10.0% | $175.08 | -16% |
| Base | 14.0% | 9.0% | $295.43 | +41% |
| Bull | 19.0% | 8.0% | $519.62 | +149% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $386.09 | $414.30 | $448.78 | $491.87 | $547.28 |
| 8.0% | $318.03 | $336.33 | $357.95 | $383.89 | $415.60 |
| 9.0% | $268.49 | $281.00 | $295.43 | $312.27 | $332.17 |
| 10.0% | $230.91 | $239.81 | $249.89 | $261.41 | $274.70 |
| 11.0% | $201.49 | $208.01 | $215.30 | $223.50 | $232.79 |
Where the presets come from
Base: years 1 to 5 grow at STERIS plc's revenue growth rate over the last 5 fiscal years (13.8% 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