What is Williams Companies, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Williams Companies, Inc.'s reported free cash flow gives $1.00 per share. The share price was $69.26 on September 25, 2026, 6,804% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.0% | 10.0% | -$9.02 | -113% |
| Base | 14.0% | 9.0% | $1.00 | -99% |
| Bull | 19.0% | 8.0% | $19.67 | -72% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $8.55 | $10.90 | $13.77 | $17.36 | $21.98 |
| 8.0% | $2.89 | $4.41 | $6.21 | $8.37 | $11.01 |
| 9.0% | -$1.24 | -$0.20 | $1.00 | $2.41 | $4.06 |
| 10.0% | -$4.37 | -$3.63 | -$2.79 | -$1.83 | -$0.72 |
| 11.0% | -$6.82 | -$6.28 | -$5.67 | -$4.99 | -$4.21 |
Where the presets come from
Base: years 1 to 5 grow at Williams Companies, Inc.'s revenue growth rate over the last 5 fiscal years (14.1% 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