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Herbalife Ltd (HLF) Fair Value & Analysis

Consumer Defensive · US · Market cap $1.2B

HL Herbalife Ltd logo Herbalife Ltd HLF · US
Price$12.35
Fair Value$25.25
Upside+104.5%
Quality59/100
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Weak Growth
Thin margins · 4.7% net margin
Negative equity (buybacks among others) · generates free cash flow
Ranks above peers (11/13)
Narrow moat 40/100
Evidence: High Range $16.45 – $39.83 Share as image

Fair value as of: Jul 24, 2026

From 20 valuation models · updated 17 days ago

Share price −1.8% over the past month.

A solid business, screening 104% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($16.45). The market is more pessimistic than our downside scenario.
  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range ($16.45 to $39.83) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$55.49 $5.11 Fair Value $25.25 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $5.11 – $55.49 · fair‑value band $16.45 – $39.83 · the $12.35 price screens below the $25.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Herbalife Ltd (HLF) currently trades at $12.35, while our model-based Fair Value estimate is $25.25, implying the stock looks roughly 104.5% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Herbalife Ltd generated revenue of $5.1B at a net margin of 4.7%. Revenue grew 7.8% year over year. Net debt stands at $2.0B. The stock trades on a trailing P/E of 5.2. Fundamentals as of Jul 24, 2026

Our scenario range runs from $16.45 (bear case) to $39.83 (bull case); at $12.35, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 63% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 104%, HLF screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $6.10 $12.49 $19.94 80
Rev-Margin DCF $14.30 $31.02 $48.51 74
ROIC Compounder $15.66 $20.86 $25.83 72
All 20 models by family
DCF Models
FCF DCF $5.69 $12.62 $21.04 38
Owner Earnings $7.05 $14.43 $23.39 31
5Y Revenue Exit $14.30 $30.82 $51.09 39
5Y EBITDA Exit $20.06 $40.92 $64.04 41
5Y P/E Exit $10.85 $24.76 $38.41 38
10Y Revenue Exit $9.47 $22.56 $38.56 36
10Y EBITDA Exit $13.66 $28.76 $47.07 37
10Y P/E Exit $8.42 $18.84 $30.21 35
Earnings-Based
Graham-Dodd $14.97 $32.43 $41.25 54
PEG = 1.0 $5.06 $7.22 $9.39 46
EPV $14.86 $19.01 $22.48 59
Multiples
P/E Multiple $34.68 $46.25 $57.81 63
P/S Multiple $28.08 $37.44 $46.80 58
EV/EBIT $38.70 $56.80 $74.90 53
EV/EBITDA $37.32 $54.96 $72.60 54
EV/Revenue $23.16 $39.77 $56.37 43
Growth DCF
Growth DCF $6.10 $12.49 $19.94 80
Rev-Margin DCF $14.30 $31.02 $48.51 74
Economic Profit
ROIC Compounder $15.66 $20.86 $25.83 72
Growth Earnings
Growth-Adj P/E $25.66 $36.66 $47.66 68

Widest divergence: Multiples ($46.25) versus Growth DCF ($12.49). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $5.1B
Revenue growth (YoY) +7.8%
Net margin 4.7%
Free cash flow $253M FY2025
P/E ratio 5.2
Operating margin 10.7%
More key figures
EPS (TTM) $2.28
EPS growth (YoY) +16.3%
Net debt $2.0B FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 40

Profitability 71
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 65
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Herbalife Ltd., together with its subsidiaries, provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific.

Full company description

Herbalife Ltd., together with its subsidiaries, provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers weight management products, including meal replacement, protein shakes, drink mixes, weight loss supplements, healthy snacks, and metabolism boosting teas; targeted nutrition products comprising functional beverages and dietary and nutritional supplements containing herbs, vitamins, minerals and other natural ingredients; energy, sports, and fitness products; and facial skin care, body care, and hair care products. The company also provides literature, promotional, and other materials, such as start-up kits, sales tools, and educational materials. It sells its products through sales representatives, independent service providers, and company-operated retail stores and platforms. The company was formerly known as Herbalife Nutrition Ltd. and changed its name to Herbalife Ltd. in April 2023. Herbalife Ltd. was founded in 1980 and is headquartered in Los Angeles, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Herbalife Ltd reported revenue of $5.0B in FY2025 versus $5.8B in FY2021, a compound −3.5%/yr. Reported net income was $228M in FY2025, compounding −15.5%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$5.0B
Latest YoY
+0.9%
Avg. growth/yr (3Y)
−1.1%
Avg. growth/yr (5Y)
−1.9%
Avg. growth/yr (25Y)
+6.9%
Revenue −3.5%/yr
FY21 $5.8B
FY22 $5.2B
FY23 $5.1B
FY24 $5.0B
FY25 $5.0B
Net income −15.5%/yr
FY21 $447M
FY22 $321M
FY23 $142M
FY24 $254M
FY25 $228M

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Cite: Fair Value Calculator (2026). "Herbalife Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HLF

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Packaged Foods · 653 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +105% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 8% · Above median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 5.2× · Cheaper than 75% of peers
P/S (TTM) 0.24× · Cheaper than 75% of peers
P/FCF 4.9× · Pricier than median
EV/EBITDA 4.5× · Cheaper than 75% of peers
PEG 0.61× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 29
FUTURE 39 · sector 19
PAST 0 · sector 27
HEALTH 100 · sector 96
DIVIDEND 0 · sector 47

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Herbalife Ltd (HLF) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $25.25 versus a price of $12.35, about +104% (undervalued).
What is the fair value of HLF?
Our model-based fair value for Herbalife Ltd is $25.25 (as of Jul 24, 2026), built from audited fundamentals. The current price is $12.35.
What is the quality score of HLF?
Herbalife Ltd has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Herbalife Ltd (HLF)?
Herbalife Ltd reported trailing-twelve-month revenue of about $5.1B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of HLF?
The net profit margin of Herbalife Ltd is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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