What is Hni Corp worth?
With the base-case assumptions below, a discounted cash flow model on Hni Corp's reported free cash flow gives $64.32 per share. The share price was $47.21 on September 25, 2026, 27% 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 | 2.5% | 10.0% | $30.37 | -36% |
| Base | 7.5% | 9.0% | $64.32 | +36% |
| Bull | 12.5% | 8.0% | $132.03 | +180% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $89.56 | $97.29 | $106.73 | $118.54 | $133.71 |
| 8.0% | $70.71 | $75.72 | $81.65 | $88.75 | $97.44 |
| 9.0% | $56.95 | $60.37 | $64.32 | $68.94 | $74.39 |
| 10.0% | $46.46 | $48.90 | $51.66 | $54.82 | $58.46 |
| 11.0% | $38.23 | $40.01 | $42.01 | $44.26 | $46.80 |
Where the presets come from
Base: years 1 to 5 grow at Hni Corp's revenue growth rate over the last 5 fiscal years (7.7% 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