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Stocks SYY DCF valuation

DCF valuation

What is Sysco Corp worth?

With the base-case assumptions below, a discounted cash flow model on Sysco Corp's reported free cash flow gives $79.63 per share. The share price was $77.74 on November 10, 2026, 2% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$1.94B
Average free cash flow, last 5 years
$1.79B
Cash
$3.17B
balance sheet of September 26, 2026
Debt
$13.82B
balance sheet of September 26, 2026
Diluted shares, fiscal 2026
480,612,203
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
Bear5.5%4.0%2.0%10.0%$41.05-47%
Base10.5%6.5%2.5%9.0%$79.63+2%
Bull15.5%9.5%3.0%8.0%$156.52+101%

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%$108.81$117.81$128.81$142.56$160.24
8.0%$86.96$92.80$99.70$107.98$118.09
9.0%$71.03$75.02$79.63$85.00$91.35
10.0%$58.92$61.76$64.98$68.65$72.89
11.0%$49.42$51.50$53.83$56.44$59.41

Where the presets come from

Base: years 1 to 5 grow at Sysco Corp'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

Sysco Corp company page