What is CrossAmerica Partners LP worth?
With the base-case assumptions below, a discounted cash flow model on CrossAmerica Partners LP's reported free cash flow gives $25.11 per share. The share price was $19.89 on November 10, 2026, 21% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 8.5% | 10.0% | $8.40 | -58% |
| Base | 13.5% | 9.0% | $25.11 | +26% |
| Bull | 18.5% | 8.0% | $58.39 | +194% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $37.96 | $41.95 | $46.83 | $52.93 | $60.77 |
| 8.0% | $28.32 | $30.91 | $33.97 | $37.64 | $42.12 |
| 9.0% | $21.30 | $23.07 | $25.11 | $27.49 | $30.31 |
| 10.0% | $15.97 | $17.23 | $18.66 | $20.29 | $22.17 |
| 11.0% | $11.80 | $12.72 | $13.75 | $14.91 | $16.23 |
Where the presets come from
Base: years 1 to 5 grow at CrossAmerica Partners LP's revenue growth rate over the last 5 fiscal years (13.6% 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