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DCF valuation

What is DuPont de Nemours, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on DuPont de Nemours, Inc.'s reported free cash flow gives $9.45 per share. The share price was $155.90 on November 10, 2026, 1,549% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$227M
Average free cash flow, last 5 years
$533.8M
Cash
$1.65B
balance sheet of September 30, 2026
Debt
$0
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
419,200,000
Revenue growth per year, last 5 years
-19.6%

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%$7.44-95%
Base-5.0%-1.0%2.5%9.0%$9.45-94%
Bull0.0%1.5%3.0%8.0%$13.20-92%

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%$10.79$11.19$11.67$12.27$13.04
8.0%$9.80$10.06$10.36$10.72$11.17
9.0%$9.08$9.25$9.45$9.69$9.96
10.0%$8.52$8.64$8.78$8.94$9.13
11.0%$8.07$8.16$8.27$8.38$8.51

Where the presets come from

Base: years 1 to 5 grow at DuPont de Nemours, Inc.'s revenue growth rate over the last 5 fiscal years (-19.6% 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

DuPont de Nemours, Inc. company page