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DCF valuation

What is B&G Foods, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on B&G Foods, Inc.'s reported free cash flow gives -$12.75 per share. The share price was $3.10 on September 25, 2026, 124% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$70.7M
Average free cash flow, last 5 years
$86.1M
Cash
$591.6M
balance sheet of July 4, 2026
Debt
$2.52B
balance sheet of July 4, 2026
Diluted shares, fiscal 2026
79,754,681
Revenue growth per year, last 6 years
-1.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-6.0%-2.0%2.0%10.0%-$17.03-649%
Base-1.0%1.0%2.5%9.0%-$12.75-511%
Bull4.0%3.5%3.0%8.0%-$4.77-254%

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%-$9.82-$8.94-$7.87-$6.53-$4.81
8.0%-$11.99-$11.43-$10.75-$9.95-$8.96
9.0%-$13.59-$13.20-$12.75-$12.23-$11.61
10.0%-$14.81-$14.54-$14.22-$13.87-$13.45
11.0%-$15.78-$15.58-$15.35-$15.10-$14.81

Where the presets come from

Base: years 1 to 5 grow at B&G Foods, Inc.'s revenue growth rate over the last 6 fiscal years (-1.2% 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

B&G Foods, Inc. company page