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 $280.64 per share. The share price was $336.72 on September 25, 2026, 20% 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% | $171.83 | -49% |
| Base | 6.5% | 9.0% | $280.64 | -17% |
| Bull | 11.5% | 8.0% | $497.60 | +48% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $361.02 | $385.56 | $415.55 | $453.04 | $501.24 |
| 8.0% | $301.04 | $316.95 | $335.76 | $358.33 | $385.91 |
| 9.0% | $257.21 | $268.09 | $280.64 | $295.29 | $312.60 |
| 10.0% | $223.82 | $231.56 | $240.33 | $250.35 | $261.91 |
| 11.0% | $197.57 | $203.24 | $209.58 | $216.71 | $224.79 |
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