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 $61.75 per share. The share price was $38.65 on November 9, 2026, 37% 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% | $31.79 | -18% |
| Base | 6.0% | 9.0% | $61.75 | +60% |
| Bull | 11.0% | 8.0% | $117.69 | +204% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $83.32 | $89.91 | $97.96 | $108.02 | $120.95 |
| 8.0% | $67.23 | $71.50 | $76.54 | $82.60 | $90.00 |
| 9.0% | $55.46 | $58.38 | $61.75 | $65.68 | $70.33 |
| 10.0% | $46.50 | $48.58 | $50.93 | $53.62 | $56.72 |
| 11.0% | $39.45 | $40.98 | $42.68 | $44.59 | $46.76 |
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