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DCF valuation

What is Village Farms International, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Village Farms International, Inc.'s reported free cash flow gives $6.54 per share. The share price was $2.58 on November 10, 2026, 61% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$39.9M
Average free cash flow, last 5 years
-$10.1M
Cash
$79.3M
balance sheet of September 30, 2026
Debt
$38.7M
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
118,545,000
Revenue growth per year, last 5 years
4.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.0%1.0%2.0%10.0%$4.17+62%
Base5.0%4.0%2.5%9.0%$6.54+154%
Bull10.0%6.5%3.0%8.0%$10.98+326%

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%$8.24$8.76$9.39$10.18$11.20
8.0%$6.98$7.31$7.71$8.18$8.76
9.0%$6.05$6.28$6.54$6.85$7.22
10.0%$5.35$5.51$5.69$5.90$6.15
11.0%$4.79$4.91$5.04$5.19$5.36

Where the presets come from

Base: years 1 to 5 grow at Village Farms International, Inc.'s revenue growth rate over the last 5 fiscal years (4.9% 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

Village Farms International, Inc. company page