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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 $135.38 per share. The share price was $108.06 on September 25, 2026, 20% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.12B
Average free cash flow, last 5 years
$523.8M
Cash
$656M
balance sheet of June 30, 2026
Debt
$6.02B
balance sheet of June 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%$67.46-38%
Base5.5%4.0%2.5%9.0%$135.38+25%
Bull10.5%7.0%3.0%8.0%$270.78+151%

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%$185.22$200.40$218.95$242.14$271.95
8.0%$148.06$157.90$169.53$183.49$200.55
9.0%$120.88$127.61$135.38$144.44$155.14
10.0%$100.17$104.95$110.38$116.58$123.73
11.0%$83.87$87.38$91.30$95.71$100.71

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