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DCF valuation

What is V F Corp worth?

With the base-case assumptions below, a discounted cash flow model on V F Corp's reported free cash flow gives $12.71 per share. The share price was $20.50 on November 10, 2026, 61% above that value.

Inputs from the filings

Free cash flow, fiscal 2026
$556.6M
Average free cash flow, last 5 years
$325.1M
Cash
$443M
balance sheet of September 26, 2026
Debt
$3.5B
balance sheet of September 26, 2026
Diluted shares, fiscal 2026
395,875,000
Revenue growth per year, last 5 years
0.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-4.0%-1.0%2.0%10.0%$5.01-76%
Base1.0%2.0%2.5%9.0%$12.71-38%
Bull6.0%4.5%3.0%8.0%$27.09+32%

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%$18.08$19.69$21.66$24.13$27.30
8.0%$14.09$15.14$16.37$17.86$19.67
9.0%$11.17$11.89$12.71$13.67$14.81
10.0%$8.94$9.45$10.02$10.68$11.44
11.0%$7.18$7.55$7.96$8.43$8.97

Where the presets come from

Base: years 1 to 5 grow at V F Corp's revenue growth rate over the last 5 fiscal years (0.8% 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

V F Corp company page