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DCF valuation

What is Cable One, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Cable One, Inc.'s reported free cash flow gives $265.22 per share. The share price was $14.65 on September 25, 2026, 94% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$278.1M
Average free cash flow, last 5 years
$316.9M
Cash
$166.2M
balance sheet of June 30, 2026
Debt
$3.06B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
5,639,714
Revenue growth per year, last 5 years
2.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-2.5%-0.5%2.0%10.0%-$29.03-298%
Base2.5%2.5%2.5%9.0%$265.22+1,710%
Bull7.5%5.5%3.0%8.0%$838.23+5,622%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$472.07$534.49$610.78$706.15$828.76
8.0%$318.27$358.75$406.58$463.99$534.16
9.0%$205.60$233.28$265.22$302.47$346.50
10.0%$119.56$139.24$161.55$187.04$216.45
11.0%$51.71$66.14$82.27$100.41$120.97

Where the presets come from

Base: years 1 to 5 grow at Cable One, Inc.'s revenue growth rate over the last 5 fiscal years (2.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Cable One, Inc. company page