What is Woodward, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Woodward, Inc.'s reported free cash flow gives $112.81 per share. The share price was $330.31 on September 25, 2026, 193% 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 | 2.5% | 10.0% | $68.71 | -79% |
| Base | 7.5% | 9.0% | $112.81 | -66% |
| Bull | 12.5% | 8.0% | $200.74 | -39% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $145.59 | $155.62 | $167.89 | $183.22 | $202.93 |
| 8.0% | $121.11 | $127.61 | $135.30 | $144.53 | $155.81 |
| 9.0% | $103.23 | $107.68 | $112.81 | $118.80 | $125.88 |
| 10.0% | $89.61 | $92.78 | $96.36 | $100.46 | $105.19 |
| 11.0% | $78.92 | $81.24 | $83.83 | $86.74 | $90.05 |
Where the presets come from
Base: years 1 to 5 grow at Woodward, Inc.'s revenue growth rate over the last 5 fiscal years (7.4% 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