What is Viavi Solutions Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Viavi Solutions Inc.'s reported free cash flow gives $9.47 per share. The share price was $40.68 on September 25, 2026, 329% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.0% | 10.0% | $6.93 | -83% |
| Base | 5.0% | 9.0% | $9.47 | -77% |
| Bull | 10.0% | 8.0% | $14.22 | -65% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $11.29 | $11.85 | $12.52 | $13.37 | $14.46 |
| 8.0% | $9.93 | $10.29 | $10.72 | $11.23 | $11.85 |
| 9.0% | $8.94 | $9.19 | $9.47 | $9.80 | $10.19 |
| 10.0% | $8.19 | $8.36 | $8.56 | $8.79 | $9.05 |
| 11.0% | $7.59 | $7.72 | $7.86 | $8.02 | $8.21 |
Where the presets come from
Base: years 1 to 5 grow at Viavi Solutions Inc.'s revenue growth rate over the last 5 fiscal years (4.8% 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