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DCF valuation

What is Bristow Group Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Bristow Group Inc.'s reported free cash flow gives $19.87 per share. The share price was $40.23 on November 10, 2026, 102% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$56.4M
Cash
$233.4M
balance sheet of September 30, 2026
Debt
$741.7M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
29,884,000
Revenue growth per year, last 4 years
6.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.0%1.5%2.0%10.0%$5.71-86%
Base6.0%4.5%2.5%9.0%$19.87-51%
Bull11.0%7.0%3.0%8.0%$46.31+15%

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%$30.07$33.18$36.99$41.74$47.85
8.0%$22.46$24.48$26.87$29.73$33.23
9.0%$16.90$18.28$19.87$21.73$23.93
10.0%$12.67$13.65$14.76$16.03$17.50
11.0%$9.34$10.06$10.86$11.76$12.79

Where the presets come from

Base: years 1 to 5 grow at Bristow Group Inc.'s revenue growth rate over the last 4 fiscal years (6.1% 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

Bristow Group Inc. company page