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Stocks SCI DCF valuation

DCF valuation

What is Service Corp International worth?

With the base-case assumptions below, a discounted cash flow model on Service Corp International's reported free cash flow gives $29.94 per share. The share price was $74.09 on November 10, 2026, 147% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$554.2M
Average free cash flow, last 5 years
$541.1M
Cash
$172.7M
balance sheet of September 30, 2026
Debt
$5.17B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
142,689,000
Revenue growth per year, last 6 years
3.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-1.5%0.5%2.0%10.0%$5.82-92%
Base3.5%3.0%2.5%9.0%$29.94-60%
Bull8.5%6.0%3.0%8.0%$78.03+5%

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%$47.42$52.71$59.17$67.25$77.64
8.0%$34.41$37.84$41.90$46.76$52.71
9.0%$24.89$27.24$29.94$33.10$36.83
10.0%$17.63$19.29$21.18$23.34$25.84
11.0%$11.90$13.12$14.49$16.03$17.77

Where the presets come from

Base: years 1 to 5 grow at Service Corp International's revenue growth rate over the last 6 fiscal years (3.5% 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

Service Corp International company page