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DCF valuation

What is EIDP, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on EIDP, Inc.'s reported free cash flow gives $23.59 per share. The share price was $50.54 on September 28, 2026, 114% above that value.

Inputs from the filings

Free cash flow, fiscal 2016
$2.28B
Average free cash flow, last 5 years
$1.8B
Cash
$3.8B
balance sheet of March 31, 2019
Debt
$6.32B
balance sheet of March 31, 2019
Diluted shares, fiscal 2016
877,036,000
Revenue growth per year, last 5 years
-6.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%$13.92-72%
Base-5.0%-1.0%2.5%9.0%$23.59-53%
Bull0.0%1.5%3.0%8.0%$41.62-18%

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%$30.02$31.92$34.23$37.12$40.84
8.0%$25.28$26.50$27.95$29.70$31.82
9.0%$21.78$22.62$23.59$24.72$26.05
10.0%$19.10$19.69$20.37$21.14$22.03
11.0%$16.97$17.40$17.89$18.44$19.07

Where the presets come from

Base: years 1 to 5 grow at EIDP, Inc.'s revenue growth rate over the last 5 fiscal years (-6.1% 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

EIDP, Inc. company page