What is KOHLS Corp worth?
With the base-case assumptions below, a discounted cash flow model on KOHLS Corp's reported free cash flow gives $112.28 per share. The share price was $17.90 on September 25, 2026, 84% 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% | $68.70 | +284% |
| Base | -0.5% | 9.0% | $112.28 | +527% |
| Bull | 4.5% | 8.0% | $197.12 | +1,001% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $142.28 | $151.25 | $162.20 | $175.89 | $193.50 |
| 8.0% | $120.04 | $125.86 | $132.73 | $140.97 | $151.05 |
| 9.0% | $103.72 | $107.70 | $112.28 | $117.63 | $123.96 |
| 10.0% | $91.23 | $94.06 | $97.26 | $100.92 | $105.14 |
| 11.0% | $81.36 | $83.43 | $85.74 | $88.35 | $91.30 |
Where the presets come from
Base: years 1 to 5 grow at KOHLS Corp'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