Market Pulse50Neutral

Zoetis Inc.Opportunity Rank #108(ZTS) Intrinsic Value & DCF Analysis (2026)

Sector: Healthcare

Current Price

$115.23

Last updated: Mar 24, 2026

Price vs Intrinsic Value

$115.23
Price
$164.74
Intrinsic Value
Undervalued by 43%MOS: $131.79

Fundamental Score

66/100
Bullish

Weighted across 6 signals

Narrative Score

63/100
Improving

+6 vs previous

The intrinsic value of Zoetis Inc. (ZTS) is estimated at $164.74 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $115.23, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.12% long-term growth rate and an 8.50% discount rate (calculated: 7.88%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Zoetis Inc. (ZTS) is estimated at $164.74 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $115.23, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.12% long-term growth rate and an 8.50% discount rate (calculated: 7.88%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$164.74
42.97% upside
20% margin of safety: $131.79
Years: 10Growth Rate: 7.12%
Want to create your own valuation? Create a free account.

Capital Efficiency

Average Quarterly ROIC
7.1%
Cost of Capital (estimated)10%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

66/100
BullishWeighted across 6 signals
DCF Discount
43.0% discount to price
100
FCF Yield
6.9% trailing FCF yield
100
ROIC vs WACC
ROIC 7.1% vs WACC 10.0% (0.7x)
36
Net Debt / FCF
2.0x net debt to FCF
31
Buybacks
Share count shrinking
80
FCF CAGR (5Y)
6.4% 5Y FCF CAGR
57
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Net Debt / FCF.

Narrative Details

63/100
Improving
+6 vs previous · +1 new driversVs 6-Month Baseline:Average (41st pct)Weighted across 5 recent drivers
Trend: StableConfidence: 91%Updated: 3h ago
Sources: 83 (81 News · 2 Analyst)
Drivers(last 30 days)
38 regulatory scrutiny+1.0
40 news sentiment+0.3
3 earnings beat+0.0
Analyst downgrades-0.0
Analyst reiterations0.0

Investment Coach

Updated 22h ago
BUYConfidence: 54%
Thesis
Zoetis Inc. is undervalued with an estimated fair value 51.1% above its current price, supported by healthy free cash flow yield and constructive fundamentals. Despite trailing returns relative to its cost of capital, the company's strong buybacks and cash flow growth present a compelling buy opportunity.
Key Risk
The company's return on invested capital remains below its weighted average cost of capital, indicating potential challenges in generating value above its cost of capital.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 7.12%5 Year CAGR: 5.56%

Free Cash Flow (in millions)

TTM20252024202320222021202020192018201720162015201420132012201120102009
$3,525$3,525$3,608$3,085$2,498$2,690$2,579$2,255$2,128$1,570$929$888$821$865$580$632$378$233

How Intrinziq Estimates Fair Value

Intrinziq estimates Zoetis Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Zoetis Inc.Healthcare

Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines, vaccines, and diagnostic products in the United States and internationally. It commercializes products primarily across species, including livestock, such as cattle, swine, poultry, fish, and sheep; and companion animals comprising dogs, cats, and horses. The company also offers vaccines, which are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; and parasiticides that prevent or eliminate external and internal parasites, which include fleas, ticks, and worms. It also provides other pharmaceutical products that comprise pain and sedation, antiemetic, reproductive, and oncology products; dermatology products for itch associated with allergic conditions and atopic dermatitis; and medicated feed additives, which offer medicines to livestock. In addition, the company provides portable blood and urine analysis testing, including point-of-care diagnostic products, instruments and reagents, rapid immunoassay tests, reference laboratory kits and services, and blood glucose monitors; and other non-pharmaceutical products, including nutritionals and agribusiness services, as well as products and services in areas, such as biodevices, genetics tests, and precision animal health. It markets its products to veterinarians, livestock producers, and retail outlets, as well as third-party veterinary distributors through its sales representatives, and technical and veterinary operations specialists. The company was founded in 1952 and is headquartered in Parsippany, New Jersey.