Fair value · Kraft Heinz Co (KHC) · updated 2026-09-07 · from 10-K FY2025
Cboe · delayed 15 min · as of 03:42 ET
Are those assumptions reasonable? Use KHC’s filed growth history and the AI chat to decide, then set your own inputs below — the range you build is yours.
What the price implies
free cash flow ÷ enterprise value (12.8× EV/FCF)
Prices and market caps: Cboe delayed data, at least 15 minutes delayed. Not real-time. Fundamentals from SEC filings. This price: Cboe · delayed 15 min · as of 03:42 ET.
10-K FY2025 · fiscal year ended 2025-12-27 · filed 2026-02-12 · accession 0001637459-26-000009
Trailing-twelve-month EPS also uses the quarterly 10-Qs through Q2 FY2026 (filed 2026-08-05).
Open this filing on sec.gov0.63
Put/Call (OI)
call-heavy
0.05
Put/Call (volume)
19%
ATM IV ~30d
$27.5
Call wall
50k OI
$22.5
Put wall
43k OI
As of previous close (2026-09-04) · OPRA historical data · walls = largest open-interest strikes above/below spot · market-wide positioning
At least two methods need a usable value to draw a range with these inputs.
Every method that could be solved backwards opens on the assumption today’s price makes, so the top range sits on the price — that is arithmetic, not a view. Change any input and it becomes yours.
We don’t tell you what KHC is worth. Every tab OPENS on what today’s price implies for that method’s key assumption; you decide whether that assumption is reasonable — the growth matrix has KHC’s filed history and the AI chat will reason it through with you — and the range you build is yours. Our presets are filed history and reference settings, never a recommendation.
Discounted cash flow
N/A
Starting free cash flow is not positive; the model has nothing to grow.
Your stage-1 FCF growth (5.0%) is above the -20.4% the price implies.
Preset inputs — revenue-driven DCF from the latest filing
Implied by today’s price
At $24.85 the market implies a stage-1 FCF growth of -20.4%. (two-stage FCF model solved for stage-1 growth at 4.86% WACC)
The price implies stage-1 FCF growth of -20.4%, outside the range this slider covers. Showing preset inputs.
Implied discount rate (holding growth): 11.0% · the WACC that makes the same model print the price
That is the assumption the market is making — not ours, and not a recommendation. Decide whether it is reasonable: the growth matrix shows what KHC has actually filed, and the AI chat will reason it through with you.
Free cash flow grows at your stage-1 rate, then your stage-2 rate, then a terminal rate; everything is discounted at your WACC.
Yearly free-cash-flow growth for the first stage. Starts below zero so a shrinking-cash-flow case — and the rate today’s price implies — can be set.
How long stage-1 growth lasts.
Slower growth after stage 1, before the terminal phase.
Growth forever after the two stages. Above ~3% is rarely justified.
The return you require. Default is the WACC EvidInvest computed for this company. Higher discount rate, lower value.
| Year | Stage | FCF | Present value |
|---|---|---|---|
| 1 | Stage 1 | $3,844M | $3,666M |
| 2 | Stage 1 | $4,036M | $3,671M |
| 3 | Stage 1 | $4,238M | $3,676M |
| 4 | Stage 1 | $4,450M | $3,681M |
| 5 | Stage 1 | $4,672M | $3,686M |
| 6 | Stage 2 | $4,789M | $3,603M |
| 7 | Stage 2 | $4,909M | $3,521M |
| 8 | Stage 2 | $5,032M | $3,442M |
| 9 | Stage 2 | $5,158M | $3,365M |
| 10 | Stage 2 | $5,286M | $3,289M |
Inputs from the filing
10-K FY2025 · period ended 2025-12-27 · filed 2026-02-12 · accession 0001637459-26-000009 · sec.gov
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