Amentum Holdings, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $550M base FCF (midpoint of Amentum's own FY2026 guidance of $525-575M FCF on $13.95-14.3B revenue); 5% FCF growth years 1-5, 3% years 6-10; 9% discount rate; 2.5% terminal growth; $3.37B net debt ($3.83B debt less ~$460M cash); 244.51M diluted shares.

Reasoning: Amentum is a large, mature government-services/engineering contractor (spun off from Jacobs and merged with a Jacobs unit in 2024) with a $48.2B backlog giving strong revenue visibility, low-single-digit organic growth, and management-issued FCF guidance, making a standard multi-year unlevered FCF DCF the appropriate method rather than a growth-multiple approach.