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DCF valuation

What is Vestand Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Vestand Inc.'s reported free cash flow gives $1.85 per share. The share price was $0.00 on September 25, 2026, 100% below that value.

Inputs from the filings

Free cash flow, fiscal 2024
$113.7K
Average free cash flow, last 4 years
-$3M
Cash
$1.3M
balance sheet of June 30, 2025
Debt
$2.6M
balance sheet of June 30, 2025
Diluted shares, fiscal 2024
1,345,756
Revenue growth per year, last 2 years
40.1%

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%$0.76+58,297%
Base15.0%9.0%2.5%9.0%$1.85+142,552%
Bull20.0%11.5%3.0%8.0%$3.89+299,440%

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%$2.68$2.94$3.26$3.65$4.16
8.0%$2.06$2.23$2.43$2.66$2.96
9.0%$1.61$1.72$1.85$2.01$2.19
10.0%$1.26$1.35$1.44$1.54$1.67
11.0%$0.99$1.05$1.12$1.20$1.28

Where the presets come from

Base: years 1 to 5 grow at Vestand Inc.'s revenue growth rate over the last 2 fiscal years (40.1% 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

Vestand Inc. company page