Invesaro

Stocks TRN DCF valuation

DCF valuation

What is Trinity Industries Inc worth?

With the base-case assumptions below, a discounted cash flow model on Trinity Industries Inc's reported free cash flow gives $69.16 per share. The share price was $30.36 on November 10, 2026, 56% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$314.1M
Average free cash flow, last 5 years
$325.2M
Cash
$158.3M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
82,900,000
Revenue growth per year, last 5 years
4.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-0.5%0.5%2.0%10.0%$43.52+43%
Base4.5%3.5%2.5%9.0%$69.16+128%
Bull9.5%6.5%3.0%8.0%$119.10+292%

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%$87.43$92.97$99.75$108.22$119.12
8.0%$73.82$77.41$81.67$86.77$93.00
9.0%$63.86$66.32$69.16$72.47$76.38
10.0%$56.27$58.02$60.00$62.26$64.88
11.0%$50.29$51.57$53.00$54.62$56.44

Where the presets come from

Base: years 1 to 5 grow at Trinity Industries Inc's revenue growth rate over the last 5 fiscal years (4.3% 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

Trinity Industries Inc company page