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DCF valuation

What is Worthington Enterprises, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Worthington Enterprises, Inc.'s reported free cash flow gives $29.22 per share. The share price was $62.24 on September 25, 2026, 113% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$170.2M
Average free cash flow, last 5 years
$210.1M
Cash
$27.7M
balance sheet of May 31, 2026
Debt
$306.9M
balance sheet of May 31, 2026
Diluted shares, fiscal 2026
49,716,000
Revenue growth per year, last 5 years
-15.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%$16.49-73%
Base-5.0%-1.0%2.5%9.0%$29.22-53%
Bull0.0%1.5%3.0%8.0%$52.95-15%

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%$37.69$40.19$43.23$47.04$51.93
8.0%$31.45$33.06$34.97$37.26$40.06
9.0%$26.84$27.95$29.22$30.71$32.47
10.0%$23.31$24.10$24.99$26.00$27.18
11.0%$20.51$21.08$21.73$22.45$23.27

Where the presets come from

Base: years 1 to 5 grow at Worthington Enterprises, Inc.'s revenue growth rate over the last 5 fiscal years (-15.3% 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

Worthington Enterprises, Inc. company page