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 $13.82 per share. The share price was $12.55 on September 25, 2026, 9% below 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% | $2.79 | -78% |
| Base | -2.0% | 9.0% | $13.82 | +10% |
| Bull | 3.0% | 8.0% | $34.41 | +174% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $21.34 | $23.57 | $26.31 | $29.73 | $34.12 |
| 8.0% | $15.77 | $17.22 | $18.94 | $20.99 | $23.51 |
| 9.0% | $11.68 | $12.67 | $13.82 | $15.15 | $16.73 |
| 10.0% | $8.55 | $9.25 | $10.05 | $10.97 | $12.02 |
| 11.0% | $6.07 | $6.59 | $7.17 | $7.82 | $8.55 |
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