What is Snap-on Inc worth?
With the base-case assumptions below, a discounted cash flow model on Snap-on Inc's reported free cash flow gives $365.58 per share. The share price was $369.20 on September 25, 2026, 1% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.5% | 10.0% | $232.05 | -37% |
| Base | 5.5% | 9.0% | $365.58 | -1% |
| Bull | 10.5% | 8.0% | $631.81 | +71% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $463.59 | $493.43 | $529.90 | $575.49 | $634.11 |
| 8.0% | $390.51 | $409.86 | $432.73 | $460.18 | $493.72 |
| 9.0% | $337.08 | $350.31 | $365.58 | $383.39 | $404.44 |
| 10.0% | $296.35 | $305.76 | $316.43 | $328.61 | $342.67 |
| 11.0% | $264.31 | $271.20 | $278.91 | $287.59 | $297.42 |
Where the presets come from
Base: years 1 to 5 grow at Snap-on Inc's revenue growth rate over the last 5 fiscal years (5.5% 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