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DCF valuation

What is NU Skin Enterprises, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on NU Skin Enterprises, Inc.'s reported free cash flow gives $8.54 per share. The share price was $4.03 on November 10, 2026, 53% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$46M
Average free cash flow, last 5 years
$59.7M
Cash
$164.9M
balance sheet of September 30, 2026
Debt
$203.7M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
50,301,000
Revenue growth per year, last 5 years
-10.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-10.0%-4.0%2.0%10.0%$5.14+27%
Base-5.0%-1.0%2.5%9.0%$8.54+112%
Bull0.0%1.5%3.0%8.0%$14.88+269%

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%$10.80$11.46$12.28$13.30$14.60
8.0%$9.13$9.56$10.07$10.68$11.43
9.0%$7.90$8.20$8.54$8.93$9.40
10.0%$6.96$7.17$7.40$7.68$7.99
11.0%$6.21$6.36$6.53$6.73$6.95

Where the presets come from

Base: years 1 to 5 grow at NU Skin Enterprises, Inc.'s revenue growth rate over the last 5 fiscal years (-10.5% 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

NU Skin Enterprises, Inc. company page