Symbotic Inc.

SYM

IndustrialsIndustrial - MachineryNASDAQ

$56.43

Market Cap: $34.81B

Symbotic Inc. (SYM) Valuation Summary

Updated Apr 16, 2026 22:14

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.61 – $68.49	$3.64	-94.0%
Revenue DCF 10Y	$16.00 – $217.34	$22.51	-62.8%
▸ Trading Multiples
EV/Revenue	$66.35 – $132.47	$83.84	+38.4%

Valuation History

DCF Analysis

Symbotic Inc. (SYM) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$22.51

Market Price

$56.43

Upside / Downside

-60.1%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -5.1% to a target of 10.3% over 5 years, discounted at a WACC of 8.4%, Symbotic Inc. (SYM) has an intrinsic value of $22.51 per share (range: $16.00 – $217.34).

Key Assumptions

Current Operating Margin

-5.1%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.1%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	2,766	23.1%	-2.0%	-56	-56	38	(95)	296	-409	-393
2027	3,554	28.5%	1.0%	37	29	49	(132)	154	-208	-184
2028	4,517	27.1%	4.1%	186	147	62	(180)	189	-160	-131
2029	5,378	19.0%	7.2%	387	306	73	(230)	169	-19	-15
2030	6,747	25.4%	10.3%	694	548	92	(308)	268	64	44
2031	8,771	30.0%	10.3%	902	713	120	(426)	397	10	6
2032	11,402	30.0%	10.3%	1,173	926	156	(586)	516	-20	-12
2033	14,822	30.0%	10.3%	1,524	1,204	202	(804)	670	-68	-37
2034	18,716	26.3%	10.3%	1,925	1,521	256	(1,069)	763	-56	-28
2035	21,456	14.6%	10.3%	2,207	1,743	293	(1,287)	537	212	98

Enterprise Value Bridge

Sum of PV(FCFF)-651

Terminal Value (Gordon Growth at 3.0%)4,004

PV of Terminal Value1,852

Enterprise Value1,201

(–) Net Debt-1,245

Equity Value2,446

(÷) Shares Outstanding109

Fair Value per Share$22.51

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.5%	$-20	$-7	$38	$127	$217
7.4%	$-19	$-7	$28	$95	$162
8.4%	$-17	$-6	$23	$75	$127
9.4%	$-16	$-5	$19	$61	$103
10.4%	$-15	$-4	$16	$51	$86

Current price: $56.43. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 19.6% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Symbotic Inc. (SYM) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.64

Market Price

$56.43

Upside / Downside

-93.5%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-5.1%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.1%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	2,766	23.1%	-2.0%	-56	-56	38	(103)	296	-417	-401
2027	3,554	28.5%	1.0%	37	29	49	(152)	154	-229	-203
2028	4,517	27.1%	4.1%	186	147	62	(219)	189	-199	-163
2029	5,378	19.0%	7.2%	387	306	73	(292)	169	-81	-61
2030	6,747	25.4%	10.3%	694	548	92	(405)	268	-33	-23

Enterprise Value Bridge

Sum of PV(FCFF)-850

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-850

(–) Net Debt-1,245

Equity Value395

(÷) Shares Outstanding109

Fair Value per Share$3.64

Note:Terminal value is $0 because Year 5 FCFF is negative. The company's operating margin convergence does not fully offset reinvestment needs within 5 years. See the sensitivity matrix for scenarios where the model produces a positive terminal value (higher target margin or lower WACC).

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.5%	$-2	$1	$3	$33	$68
7.4%	$-2	$1	$4	$26	$53
8.4%	$-2	$1	$4	$22	$44
9.4%	$-1	$1	$4	$19	$37
10.4%	$-1	$1	$4	$17	$32

Current price: $56.43. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 19.6% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$83.77

Market Price

$56.43

Upside / Downside

+48.5%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Symbotic Inc. (SYM) has a fair value of $83.77 based on 9 comparable companies in the Industrial - Machinery industry.

EV/Revenue Valuation — Industrial - Machinery

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Symbotic Inc.SYM	6,132	2.2x	1.8x
Cummins Inc.CMI	84,127	2.7x	2.6x
PACCAR IncPCAR	65,405	2.0x	2.2x
W.W. Grainger, Inc.GWW	53,698	3.1x	3.1x
AMETEK, Inc.AME	52,740	7.4x	6.8x
Fastenal CompanyFAST	51,353	6.3x	6.3x
Ferguson plcFERG	49,969	1.8x	1.7x
Carrier Global CorporationCARR	49,908	2.8x	2.8x
Rockwell Automation, Inc.ROK	45,289	5.8x	5.5x
Roper Technologies, Inc.ROP	37,248	5.9x	6.6x
Industry Median		3.1x	3.1x
(*) Revenue		2,247	2,761
= Enterprise Value		7,048	8,669
(-) Net Debt		-1,245	-1,245
Equity Value		8,293	9,914
(/) Outstanding shares		109	109
Fair Price		$76	$91

Selected Fair Value (avg of trailing + forward)

$83.77

+48.5%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Symbotic Inc. (SYM) Valuation Summary

Updated Apr 16, 2026 22:14

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.61 – $68.49	$3.64	-94.0%
Revenue DCF 10Y	$16.00 – $217.34	$22.51	-62.8%
▸ Trading Multiples
EV/Revenue	$66.35 – $132.47	$83.84	+38.4%

Valuation History

DCF Analysis

Symbotic Inc. (SYM) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$22.51

Market Price

$56.43

Upside / Downside

-60.1%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-5.1%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.1%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	2,766	23.1%	-2.0%	-56	-56	38	(95)	296	-409	-393
2027	3,554	28.5%	1.0%	37	29	49	(132)	154	-208	-184
2028	4,517	27.1%	4.1%	186	147	62	(180)	189	-160	-131
2029	5,378	19.0%	7.2%	387	306	73	(230)	169	-19	-15
2030	6,747	25.4%	10.3%	694	548	92	(308)	268	64	44
2031	8,771	30.0%	10.3%	902	713	120	(426)	397	10	6
2032	11,402	30.0%	10.3%	1,173	926	156	(586)	516	-20	-12
2033	14,822	30.0%	10.3%	1,524	1,204	202	(804)	670	-68	-37
2034	18,716	26.3%	10.3%	1,925	1,521	256	(1,069)	763	-56	-28
2035	21,456	14.6%	10.3%	2,207	1,743	293	(1,287)	537	212	98

Enterprise Value Bridge

Sum of PV(FCFF)-651

Terminal Value (Gordon Growth at 3.0%)4,004

PV of Terminal Value1,852

Enterprise Value1,201

(–) Net Debt-1,245

Equity Value2,446

(÷) Shares Outstanding109

Fair Value per Share$22.51

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.5%	$-20	$-7	$38	$127	$217
7.4%	$-19	$-7	$28	$95	$162
8.4%	$-17	$-6	$23	$75	$127
9.4%	$-16	$-5	$19	$61	$103
10.4%	$-15	$-4	$16	$51	$86

Current price: $56.43. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 19.6% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Symbotic Inc. (SYM) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.64

Market Price

$56.43

Upside / Downside

-93.5%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-5.1%

Target Operating Margin

10.3%

WACC

8.4%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.1%

Target CapEx/Rev

6.0%

D&A/Revenue

1.4%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	2,766	23.1%	-2.0%	-56	-56	38	(103)	296	-417	-401
2027	3,554	28.5%	1.0%	37	29	49	(152)	154	-229	-203
2028	4,517	27.1%	4.1%	186	147	62	(219)	189	-199	-163
2029	5,378	19.0%	7.2%	387	306	73	(292)	169	-81	-61
2030	6,747	25.4%	10.3%	694	548	92	(405)	268	-33	-23

Enterprise Value Bridge

Sum of PV(FCFF)-850

Terminal Value (Gordon Growth at 3.0%)0

PV of Terminal Value0

Enterprise Value-850

(–) Net Debt-1,245

Equity Value395

(÷) Shares Outstanding109

Fair Value per Share$3.64

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
6.5%	$-2	$1	$3	$33	$68
7.4%	$-2	$1	$4	$26	$53
8.4%	$-2	$1	$4	$22	$44
9.4%	$-1	$1	$4	$19	$37
10.4%	$-1	$1	$4	$17	$32

Current price: $56.43. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 19.6% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$83.77

Market Price

$56.43

Upside / Downside

+48.5%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Symbotic Inc. (SYM) has a fair value of $83.77 based on 9 comparable companies in the Industrial - Machinery industry.

EV/Revenue Valuation — Industrial - Machinery

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Symbotic Inc.SYM	6,132	2.2x	1.8x
Cummins Inc.CMI	84,127	2.7x	2.6x
PACCAR IncPCAR	65,405	2.0x	2.2x
W.W. Grainger, Inc.GWW	53,698	3.1x	3.1x
AMETEK, Inc.AME	52,740	7.4x	6.8x
Fastenal CompanyFAST	51,353	6.3x	6.3x
Ferguson plcFERG	49,969	1.8x	1.7x
Carrier Global CorporationCARR	49,908	2.8x	2.8x
Rockwell Automation, Inc.ROK	45,289	5.8x	5.5x
Roper Technologies, Inc.ROP	37,248	5.9x	6.6x
Industry Median		3.1x	3.1x
(*) Revenue		2,247	2,761
= Enterprise Value		7,048	8,669
(-) Net Debt		-1,245	-1,245
Equity Value		8,293	9,914
(/) Outstanding shares		109	109
Fair Price		$76	$91

Selected Fair Value (avg of trailing + forward)

$83.77

+48.5%