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What is Hilton Grand Vacations Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Hilton Grand Vacations Inc.'s reported free cash flow gives $32.73 per share. The share price was $35.77 on September 25, 2026, 9% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$230M
Average free cash flow, last 5 years
$323.4M
Cash
$272M
balance sheet of June 30, 2026
Debt
$4.88B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
91,500,000
Revenue growth per year, last 5 years
41.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$0.14-100%
Base15.0%9.0%2.5%9.0%$32.73-8%
Bull20.0%11.5%3.0%8.0%$93.41+161%

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%$57.41$65.10$74.50$86.26$101.37
8.0%$38.87$43.86$49.76$56.83$65.48
9.0%$25.39$28.80$32.73$37.32$42.75
10.0%$15.16$17.59$20.33$23.48$27.10
11.0%$7.16$8.94$10.92$13.16$15.70

Where the presets come from

Base: years 1 to 5 grow at Hilton Grand Vacations Inc.'s revenue growth rate over the last 5 fiscal years (41.4% 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

Hilton Grand Vacations Inc. company page