Viatris DCF Stock Analysis.

Here’s my assumptions:

Risk Free Rate (10 Years Interest Rate Swap): 4.18%

Risk Premium (Taken from the Aswath Damodaran equity premium spreadsheet): 4.33%

Interest Rate Spread on The Risk free rate ( For the cost of debt calculation): 5%

Historical Data

Revenue growth in the last 10 years (CAGR): 2.70%

Earnings growth in the last 10 years (CAGR): / (from $847M to -$3.691B)

Unlevered Free Cash Flow growth in the last 10 years (CAGR): 8.76%

Future Assumptions

End of Year FCF growth: 2%

Growth until end of 2026: 2%

Growth until end of 2034: 2%

Perpetual growth: 2%

Net Debt: 13.608B

Outstanding Stock Options Present Value Assumption: ~$0B

Restricted Stock Units Present Value Assumption: $0.384B

Stock Valuation based on these assumptions: $33

Last update 01/25/2026

All the content in this newsletter should be taken as informational content only. THIS IS NOT FINANCIAL ADVICE! Do your own Due Diligence before investing or contact a professional financial advisor.

I don’t have a position in Viatris (VTRS) and I don’t plan to add a position in the coming days.