What is Organon & Co. worth?
With the base-case assumptions below, a discounted cash flow model on Organon & Co.'s reported free cash flow gives -$0.58 per share. The share price was $13.89 on November 10, 2026, 2,475% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -6.0% | 10.0% | -$10.53 | -176% |
| Base | -1.0% | 9.0% | -$0.58 | -104% |
| Bull | 4.0% | 8.0% | $17.98 | +29% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $6.24 | $8.28 | $10.78 | $13.89 | $17.90 |
| 8.0% | $1.18 | $2.51 | $4.07 | $5.94 | $8.24 |
| 9.0% | -$2.53 | -$1.63 | -$0.58 | $0.63 | $2.07 |
| 10.0% | -$5.38 | -$4.73 | -$4.00 | -$3.17 | -$2.21 |
| 11.0% | -$7.62 | -$7.15 | -$6.63 | -$6.03 | -$5.36 |
Where the presets come from
Base: years 1 to 5 grow at Organon & Co.'s revenue growth rate over the last 4 fiscal years (-1.2% 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