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 $295.93 per share. The share price was $257.12 on November 10, 2026, 13% 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% | $175.57 | -32% |
| Base | 14.0% | 9.0% | $295.93 | +15% |
| Bull | 19.0% | 8.0% | $520.12 | +102% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $386.58 | $414.79 | $449.27 | $492.37 | $547.78 |
| 8.0% | $318.53 | $336.82 | $358.44 | $384.38 | $416.09 |
| 9.0% | $268.99 | $281.49 | $295.93 | $312.76 | $332.66 |
| 10.0% | $231.41 | $240.30 | $250.38 | $261.90 | $275.19 |
| 11.0% | $201.99 | $208.51 | $215.79 | $223.99 | $233.29 |
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