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DCF valuation

What is Crown Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Crown Holdings, Inc.'s reported free cash flow gives $136.70 per share. The share price was $123.40 on November 9, 2026, 10% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.12B
Average free cash flow, last 5 years
$523.8M
Cash
$629M
balance sheet of September 30, 2026
Debt
$5.84B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
115,740,000
Revenue growth per year, last 5 years
5.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.5%1.5%2.0%10.0%$68.78-44%
Base5.5%4.0%2.5%9.0%$136.70+11%
Bull10.5%7.0%3.0%8.0%$272.10+121%

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%$186.55$201.72$220.27$243.46$273.27
8.0%$149.38$159.22$170.85$184.81$201.87
9.0%$122.20$128.93$136.70$145.76$156.46
10.0%$101.49$106.28$111.70$117.90$125.05
11.0%$85.19$88.70$92.62$97.03$102.03

Where the presets come from

Base: years 1 to 5 grow at Crown Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (5.7% 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

Crown Holdings, Inc. company page