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DCF valuation

What is Whirlpool Corp worth?

With the base-case assumptions below, a discounted cash flow model on Whirlpool Corp's reported free cash flow gives -$87.05 per share. The share price was $30.31 on November 10, 2026, 135% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$81M
Average free cash flow, last 5 years
$660.4M
Cash
$1.1B
balance sheet of September 30, 2026
Debt
$6.84B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
56,200,000
Revenue growth per year, last 5 years
-4.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-9.5%-3.5%2.0%10.0%-$92.41-405%
Base-4.5%-1.0%2.5%9.0%-$87.05-387%
Bull0.5%2.0%3.0%8.0%-$76.39-352%

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%-$83.39-$82.31-$81.00-$79.35-$77.24
8.0%-$86.09-$85.39-$84.57-$83.58-$82.36
9.0%-$88.08-$87.60-$87.05-$86.41-$85.65
10.0%-$89.60-$89.26-$88.88-$88.44-$87.93
11.0%-$90.81-$90.56-$90.29-$89.97-$89.62

Where the presets come from

Base: years 1 to 5 grow at Whirlpool Corp's revenue growth rate over the last 5 fiscal years (-4.4% 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

Whirlpool Corp company page