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What is Fortune Brands Innovations, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Fortune Brands Innovations, Inc.'s reported free cash flow gives $11.48 per share. The share price was $39.38 on September 25, 2026, 243% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$366.8M
Average free cash flow, last 5 years
$487.1M
Cash
$209.7M
balance sheet of June 27, 2026
Debt
$2.55B
balance sheet of June 27, 2026
Diluted shares, fiscal 2025
121,200,000
Revenue growth per year, last 5 years
-6.0%

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%$0.22-99%
Base-5.0%-1.0%2.5%9.0%$11.48-71%
Bull0.0%1.5%3.0%8.0%$32.45-18%

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%$18.96$21.17$23.86$27.22$31.55
8.0%$13.44$14.87$16.56$18.58$21.06
9.0%$9.37$10.35$11.48$12.79$14.34
10.0%$6.25$6.94$7.73$8.63$9.67
11.0%$3.77$4.28$4.85$5.49$6.21

Where the presets come from

Base: years 1 to 5 grow at Fortune Brands Innovations, Inc.'s revenue growth rate over the last 5 fiscal years (-6.0% 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

Fortune Brands Innovations, Inc. company page