What is HP Inc worth?
With the base-case assumptions below, a discounted cash flow model on HP Inc's reported free cash flow gives $33.50 per share. The share price was $31.30 on September 25, 2026, 7% 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 | -5.5% | 10.0% | $19.02 | -39% |
| Base | -0.5% | 9.0% | $33.50 | +7% |
| Bull | 4.5% | 8.0% | $61.69 | +97% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $43.47 | $46.45 | $50.09 | $54.64 | $60.49 |
| 8.0% | $36.08 | $38.01 | $40.29 | $43.03 | $46.38 |
| 9.0% | $30.66 | $31.98 | $33.50 | $35.28 | $37.38 |
| 10.0% | $26.50 | $27.44 | $28.51 | $29.72 | $31.13 |
| 11.0% | $23.22 | $23.91 | $24.68 | $25.55 | $26.53 |
Where the presets come from
Base: years 1 to 5 grow at HP Inc's revenue growth rate over the last 5 fiscal years (-0.5% 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