Invesaro

Stocks GM DCF valuation

DCF valuation

What is General Motors Co worth?

With the base-case assumptions below, a discounted cash flow model on General Motors Co's reported free cash flow gives $429.23 per share. The share price was $88.69 on November 10, 2026, 79% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$17.56B
Average free cash flow, last 5 years
$10.26B
Cash
$23.2B
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
973,000,000
Revenue growth per year, last 5 years
8.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.5%3.0%2.0%10.0%$276.36+212%
Base8.5%5.5%2.5%9.0%$429.23+384%
Bull13.5%8.5%3.0%8.0%$734.01+728%

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%$543.54$578.62$621.50$675.10$744.01
8.0%$458.09$480.84$507.73$540.00$579.43
9.0%$395.72$411.28$429.23$450.17$474.92
10.0%$348.27$359.33$371.87$386.19$402.73
11.0%$310.99$319.10$328.17$338.37$349.92

Where the presets come from

Base: years 1 to 5 grow at General Motors Co's revenue growth rate over the last 5 fiscal years (8.6% 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

General Motors Co company page