What is McCormick & Co Inc worth?
With the base-case assumptions below, a discounted cash flow model on McCormick & Co Inc's reported free cash flow gives $35.58 per share. The share price was $47.94 on September 25, 2026, 35% above 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% | $17.38 | -64% |
| Base | 4.0% | 9.0% | $35.58 | -26% |
| Bull | 9.0% | 8.0% | $69.57 | +45% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $48.53 | $52.45 | $57.25 | $63.25 | $70.97 |
| 8.0% | $38.89 | $41.43 | $44.44 | $48.06 | $52.47 |
| 9.0% | $31.83 | $33.58 | $35.58 | $37.93 | $40.70 |
| 10.0% | $26.45 | $27.69 | $29.10 | $30.70 | $32.55 |
| 11.0% | $22.22 | $23.13 | $24.14 | $25.28 | $26.58 |
Where the presets come from
Base: years 1 to 5 grow at McCormick & Co Inc's revenue growth rate over the last 5 fiscal years (4.1% 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