What is Kbr, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Kbr, Inc.'s reported free cash flow gives $60.68 per share. The share price was $34.54 on September 25, 2026, 43% 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 | 1.0% | 10.0% | $30.72 | -11% |
| Base | 6.0% | 9.0% | $60.68 | +76% |
| Bull | 11.0% | 8.0% | $116.62 | +238% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $82.25 | $88.84 | $96.89 | $106.95 | $119.88 |
| 8.0% | $66.16 | $70.43 | $75.47 | $81.53 | $88.93 |
| 9.0% | $54.39 | $57.31 | $60.68 | $64.61 | $69.26 |
| 10.0% | $45.43 | $47.51 | $49.86 | $52.55 | $55.65 |
| 11.0% | $38.38 | $39.91 | $41.61 | $43.52 | $45.69 |
Where the presets come from
Base: years 1 to 5 grow at Kbr, Inc.'s revenue growth rate over the last 5 fiscal years (6.2% 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