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DCF valuation

What is Willis Lease Finance Corp worth?

With the base-case assumptions below, a discounted cash flow model on Willis Lease Finance Corp's reported free cash flow gives $857.66 per share. The share price was $54.33 on September 25, 2026, 94% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$252.2M
Average free cash flow, last 5 years
$194.4M
Cash
$10.7M
balance sheet of June 30, 2026
Debt
$2.32B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
7,020,000
Revenue growth per year, last 5 years
20.4%

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%$391.98+621%
Base15.0%9.0%2.5%9.0%$857.66+1,479%
Bull20.0%11.5%3.0%8.0%$1,724.77+3,075%

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%$1,210.23$1,320.17$1,454.53$1,622.49$1,838.43
8.0%$945.38$1,016.67$1,100.92$1,202.03$1,325.60
9.0%$752.67$801.42$857.66$923.28$1,000.83
10.0%$606.55$641.22$680.50$725.40$777.21
11.0%$492.22$517.63$546.03$577.99$614.20

Where the presets come from

Base: years 1 to 5 grow at Willis Lease Finance Corp's revenue growth rate over the last 5 fiscal years (20.4% 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

Willis Lease Finance Corp company page