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Stocks LEVI DCF valuation

DCF valuation

What is Levi Strauss & Co worth?

With the base-case assumptions below, a discounted cash flow model on Levi Strauss & Co's reported free cash flow gives $14.98 per share. The share price was $24.39 on November 10, 2026, 63% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$308.2M
Average free cash flow, last 5 years
$326.5M
Cash
$641.4M
balance sheet of August 30, 2026
Debt
$1.04B
balance sheet of August 30, 2026
Diluted shares, fiscal 2025
399,749,260
Revenue growth per year, last 5 years
7.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.0%2.0%2.0%10.0%$8.82-64%
Base7.0%5.0%2.5%9.0%$14.98-39%
Bull12.0%7.5%3.0%8.0%$26.47+9%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$19.44$20.80$22.47$24.56$27.24
8.0%$16.11$16.99$18.04$19.30$20.83
9.0%$13.68$14.28$14.98$15.79$16.76
10.0%$11.82$12.25$12.74$13.30$13.94
11.0%$10.37$10.68$11.04$11.43$11.88

Where the presets come from

Base: years 1 to 5 grow at Levi Strauss & Co's revenue growth rate over the last 5 fiscal years (7.1% 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

Levi Strauss & Co company page