CF

NYSE

CF Industries Holdings, Inc.

Materials, Fertilizers & Agricultural Chemicals

$114.35

close 7 Aug 2026

+38.39%

52-week change

$17.31B

market cap

$75.42

$141.96

52-week range

Expected price

$136.63 – $166.99

Current price

$114.35

Signal

Could be undervalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)8.50x

P/S (TTM)2.24x

P/B3.01x

EV/EBITDA (TTM)4.88x

FCF yield (TTM)11.04%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average13.07x

P/E, sector median31.36x*

Price at 5-year median P/E$151.74*

Indicated dividend yield1.75%

Forward — analyst consensus

Forward P/E (FY2026)7.68x*

Forward P/E (FY2027)10.97x

Forward PEG—*

Consensus EPS FY2026 (3 analysts)$14.90

EPS growth (FY2026→FY2027)-30.00%

Revenue growth (FY2026)18.63%

Street view

Price target (mean)$125.14*

Target upside9.44%

Ratings (buy / hold / sell)5 / 13 / 3

FY2026 EPS revisions, 30d (up / down)0 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +14.34%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$114.35

Cash & equivalents$662.00M

Total debt$3.22B

Shares outstanding151.34M

Result

DCF price per share$574.27

Current price$114.35

Margin of safety+402.20%

PV of years 1–10$26.49B

PV of terminal value$62.97B

Equity value$86.91B

Market-implied growth-5.07%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$2.18B	$2.50B	$2.86B	$3.26B	$3.73B	$4.27B	$4.88B	$5.58B	$6.38B	$7.29B	$135.95B
PV	$2.02B	$2.14B	$2.27B	$2.40B	$2.54B	$2.69B	$2.85B	$3.01B	$3.19B	$3.38B	$62.97B

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026