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DCF valuation

What is Natures Sunshine Products Inc worth?

With the base-case assumptions below, a discounted cash flow model on Natures Sunshine Products Inc's reported free cash flow gives $32.19 per share. The share price was $12.92 on September 25, 2026, 60% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$28.8M
Average free cash flow, last 5 years
$19M
Cash
$82.5M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
18,468,000
Revenue growth per year, last 5 years
4.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-0.5%0.5%2.0%10.0%$21.62+67%
Base4.5%3.5%2.5%9.0%$32.19+149%
Bull9.5%6.5%3.0%8.0%$52.77+308%

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%$39.72$42.00$44.79$48.29$52.78
8.0%$34.11$35.59$37.34$39.44$42.01
9.0%$30.00$31.02$32.19$33.55$35.16
10.0%$26.87$27.59$28.41$29.34$30.42
11.0%$24.41$24.94$25.53$26.19$26.94

Where the presets come from

Base: years 1 to 5 grow at Natures Sunshine Products Inc's revenue growth rate over the last 5 fiscal years (4.5% 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

Natures Sunshine Products Inc company page