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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 -$88.44 per share. The share price was $31.71 on September 25, 2026, 136% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$81M
Average free cash flow, last 5 years
$660.4M
Cash
$1.24B
balance sheet of June 30, 2026
Debt
$7.05B
balance sheet of June 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%-$93.80-396%
Base-4.5%-1.0%2.5%9.0%-$88.44-379%
Bull0.5%2.0%3.0%8.0%-$77.78-345%

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%-$84.78-$83.70-$82.38-$80.74-$78.62
8.0%-$87.48-$86.78-$85.95-$84.96-$83.75
9.0%-$89.46-$88.99-$88.44-$87.79-$87.03
10.0%-$90.99-$90.65-$90.27-$89.83-$89.32
11.0%-$92.20-$91.95-$91.67-$91.36-$91.01

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