What is Zoetis Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Zoetis Inc.'s reported free cash flow gives $89.27 per share. The share price was $82.79 on November 10, 2026, 7% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.0% | 10.0% | $48.20 | -42% |
| Base | 7.0% | 9.0% | $89.27 | +8% |
| Bull | 12.0% | 8.0% | $165.94 | +100% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $119.03 | $128.13 | $139.26 | $153.17 | $171.06 |
| 8.0% | $96.81 | $102.71 | $109.69 | $118.06 | $128.30 |
| 9.0% | $80.58 | $84.61 | $89.27 | $94.71 | $101.13 |
| 10.0% | $68.22 | $71.09 | $74.34 | $78.06 | $82.35 |
| 11.0% | $58.51 | $60.61 | $62.96 | $65.61 | $68.61 |
Where the presets come from
Base: years 1 to 5 grow at Zoetis Inc.'s revenue growth rate over the last 5 fiscal years (7.2% 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