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DCF valuation

What is Mueller Industries Inc worth?

With the base-case assumptions below, a discounted cash flow model on Mueller Industries Inc's reported free cash flow gives $177.71 per share. The share price was $55.00 on November 10, 2026, 69% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$686.6M
Average free cash flow, last 5 years
$567.5M
Cash
$1.45B
balance sheet of September 26, 2026
Debt
$5.2M
balance sheet of September 26, 2026
Diluted shares, fiscal 2025
111,492,000
Revenue growth per year, last 5 years
11.7%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear6.5%4.5%2.0%10.0%$115.12+109%
Base11.5%7.0%2.5%9.0%$177.71+223%
Bull16.5%10.0%3.0%8.0%$302.45+450%

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%$225.33$240.05$258.04$280.54$309.45
8.0%$189.65$199.20$210.48$224.02$240.57
9.0%$163.65$170.18$177.71$186.50$196.88
10.0%$143.90$148.54$153.80$159.81$166.75
11.0%$128.41$131.81$135.62$139.90$144.75

Where the presets come from

Base: years 1 to 5 grow at Mueller Industries Inc's revenue growth rate over the last 5 fiscal years (11.7% 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

Mueller Industries Inc company page