What is General Dynamics Corp worth?
With the base-case assumptions below, a discounted cash flow model on General Dynamics Corp's reported free cash flow gives $283.34 per share. The share price was $366.64 on November 10, 2026, 29% 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 | 1.5% | 10.0% | $174.53 | -52% |
| Base | 6.5% | 9.0% | $283.34 | -23% |
| Bull | 11.5% | 8.0% | $500.29 | +36% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $363.71 | $388.25 | $418.24 | $455.73 | $503.93 |
| 8.0% | $303.73 | $319.64 | $338.45 | $361.02 | $388.60 |
| 9.0% | $259.90 | $270.78 | $283.34 | $297.98 | $315.29 |
| 10.0% | $226.51 | $234.25 | $243.02 | $253.04 | $264.60 |
| 11.0% | $200.26 | $205.93 | $212.27 | $219.40 | $227.49 |
Where the presets come from
Base: years 1 to 5 grow at General Dynamics Corp's revenue growth rate over the last 5 fiscal years (6.7% 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