What is CAMPBELL'S Co worth?
With the base-case assumptions below, a discounted cash flow model on CAMPBELL'S Co's reported free cash flow gives $17.78 per share. The share price was $19.37 on September 25, 2026, 9% 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 | -2.0% | 10.0% | $3.73 | -81% |
| Base | 3.0% | 9.0% | $17.78 | -8% |
| Bull | 8.0% | 8.0% | $44.03 | +127% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $27.71 | $30.71 | $34.39 | $38.97 | $44.88 |
| 8.0% | $20.32 | $22.27 | $24.57 | $27.34 | $30.71 |
| 9.0% | $14.92 | $16.25 | $17.78 | $19.58 | $21.70 |
| 10.0% | $10.79 | $11.73 | $12.81 | $14.03 | $15.45 |
| 11.0% | $7.53 | $8.23 | $9.00 | $9.88 | $10.87 |
Where the presets come from
Base: years 1 to 5 grow at CAMPBELL'S Co's revenue growth rate over the last 5 fiscal years (2.8% 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