Cheap — but check the trap first.

It looks undervalued, but something is deteriorating. Cheap for a reason, or a real bargain?

Current price
$24.48
Market cap ≈ $29B
Intrinsic value
$44
range $29 – $67
Margin of safety
+80%
below fair value
1 FY16 -1 FY17 2 FY18 3 FY19 4 FY20 4 FY21 2 FY22 3 FY23 3 FY24 4 FY25

What the math is really telling you. Watch whether cash flow is compounding — that, more than any single year, is what a value read hangs on.

  • Good:
    Undervalued
    Fair value ~$44 vs $24 — a margin of safety of 80%.
  • Good:
    Price is in line with its record
    Priced for ~-0%/yr, roughly what it has delivered (33.1%/yr) — from a depressed FY22 base.
  • Warning:
    Revenue shrinking
    Down 3.5% last year — cheap may mean broken.
  • Good:
    Cash flow compounding
    Free cash flow up ~33.1%/yr — the engine is growing.
  • Warning:
    Heavy debt load
    Net debt of $17B — roughly 5× annual free cash flow. This changes the risk picture.

Where this number comes from →

How this was built. Every figure is computed from The Kraft Heinz Company's SEC filings — no estimates, no AI. Two-stage DCF: 9% discount rate, 5% free-cash-flow growth for 10 years, 2.5% terminal. Free cash flow is operating cash flow less capital spending. Net cash is cash and marketable securities less borrowings, commercial paper and finance leases; operating leases are disclosed but never counted as debt. We subtract net debt from the value of the business — for Kraft Heinz that is about $17B, or $15 per share. Fundamentals are from the FY25 annual report and change only when a new one is filed. Price of $24.48 taken 2026-09-08 (Google Finance, manual entry, 2026-09-11) — it is not live and does not move during the day.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →