What is Herbalife Ltd. worth?
With the base-case assumptions below, a discounted cash flow model on Herbalife Ltd.'s reported free cash flow gives $15.03 per share. The share price was $15.84 on November 10, 2026, 5% 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 | -7.0% | 10.0% | $3.99 | -75% |
| Base | -2.0% | 9.0% | $15.03 | -5% |
| Bull | 3.0% | 8.0% | $35.62 | +125% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $22.55 | $24.78 | $27.52 | $30.94 | $35.33 |
| 8.0% | $16.98 | $18.43 | $20.14 | $22.20 | $24.72 |
| 9.0% | $12.89 | $13.88 | $15.03 | $16.36 | $17.94 |
| 10.0% | $9.76 | $10.46 | $11.26 | $12.18 | $13.23 |
| 11.0% | $7.28 | $7.80 | $8.37 | $9.02 | $9.76 |
Where the presets come from
Base: years 1 to 5 grow at Herbalife Ltd.'s revenue growth rate over the last 5 fiscal years (-1.9% 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