What is Cardinal Health Inc worth?
With the base-case assumptions below, a discounted cash flow model on Cardinal Health Inc's reported free cash flow gives $439.63 per share. The share price was $276.83 on November 10, 2026, 37% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.5% | 10.0% | $267.75 | -3% |
| Base | 9.5% | 9.0% | $439.63 | +59% |
| Bull | 14.5% | 8.0% | $782.27 | +183% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $568.91 | $608.69 | $657.31 | $718.08 | $796.22 |
| 8.0% | $472.20 | $497.99 | $528.48 | $565.07 | $609.78 |
| 9.0% | $401.64 | $419.28 | $439.63 | $463.37 | $491.43 |
| 10.0% | $347.98 | $360.52 | $374.74 | $390.98 | $409.73 |
| 11.0% | $305.86 | $315.06 | $325.34 | $336.90 | $350.00 |
Where the presets come from
Base: years 1 to 5 grow at Cardinal Health Inc's revenue growth rate over the last 5 fiscal years (9.4% 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