Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Kenvue

KVUE stock analysis · Consumer Staples · Personal Care Products

FY 2025-12-28ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$19.11HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$36.7B

Price × SEC outstanding shares. Shares measured 2026-06-28. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$13.62

Equity cash-flow scenario · SEC outstanding shares at 2026-06-28 · -28.7% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

13.3%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-5.1%

26 sector peers · median 23.7×

How this is calculated ↗
Valuation

Historical multiples

25.0×

3 annual observations · snapshot P/E 25.0× · 0.0% versus history

How this is calculated ↗
Valuation

Free cash flow yield

4.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

11.2%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation) · short-term borrowing coverage incomplete

How this is calculated ↗
Valuation

Value composite

53/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

5.8%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-2.8%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

1.7%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 3.2B2022-01-02: cfo $334,000,000.002022-01-02: capex $295,000,000.0020222023-01-01: cfo $2,525,000,000.002023-01-01: capex $375,000,000.0020232023-12-31: cfo $3,168,000,000.002023-12-31: capex $469,000,000.0020232024-12-29: cfo $1,769,000,000.002024-12-29: capex $434,000,000.0020242025-12-28: cfo $2,197,000,000.002025-12-28: capex $475,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$17.08$18.64$20.31
10.0%$12.52$13.62$14.80
12.0%$9.88$10.72$11.62

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-2815.1B1.5B2.2B475M27.1B
2024-12-2915.5B1B1.8B434M25.6B
2023-12-3115.4B1.7B3.2B469M27.9B
2023-01-0115B2.1B2.5B375M27.3B
2022-01-0215.1B2.1B334M295M

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue15.1BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-20
netIncome1.5BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent/common earnings proxy1.5BNetIncomeLoss2026-02-20
cfo2.2BNetCashProvidedByUsedInOperatingActivities2026-02-20
capex475MPaymentsToAcquirePropertyPlantAndEquipment2026-02-20
operatingIncome2.4BOperatingIncomeLoss2026-02-20
assets27.1BAssets2026-02-20
equity10.8BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-20
Parent book equity proxy10.8BStockholdersEquity2026-02-20
debt7.8BLongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities2026-02-20
shortDebtNot reported under a supported tag
cash1.1BCashAndCashEquivalentsAtCarryingValue2026-02-20
shares1.9BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-20
dividends1.6BPaymentsOfDividends2026-02-20
buybacks197MPaymentsForRepurchaseOfCommonStock2026-02-20
issuanceNot reported under a supported tag