What is Conagra Brands Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Conagra Brands Inc.'s reported free cash flow gives $12.64 per share. The share price was $15.15 on November 10, 2026, 20% 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 | -5.0% | 10.0% | $2.13 | -86% |
| Base | 0.0% | 9.0% | $12.64 | -17% |
| Bull | 5.0% | 8.0% | $32.24 | +113% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $19.90 | $22.08 | $24.74 | $28.06 | $32.34 |
| 8.0% | $14.51 | $15.92 | $17.59 | $19.59 | $22.04 |
| 9.0% | $10.56 | $11.52 | $12.64 | $13.94 | $15.47 |
| 10.0% | $7.53 | $8.22 | $9.00 | $9.89 | $10.91 |
| 11.0% | $5.14 | $5.65 | $6.21 | $6.84 | $7.56 |
Where the presets come from
Base: years 1 to 5 grow at Conagra Brands Inc.'s revenue growth rate over the last 5 fiscal years (0.2% 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