What is Carter Bankshares, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Carter Bankshares, Inc.'s reported free cash flow gives $35.50 per share. The share price was $30.31 on September 25, 2026, 15% 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 | -2.0% | 10.0% | $26.70 | -12% |
| Base | 3.0% | 9.0% | $35.50 | +17% |
| Bull | 8.0% | 8.0% | $51.95 | +71% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $41.73 | $43.61 | $45.91 | $48.79 | $52.48 |
| 8.0% | $37.10 | $38.32 | $39.76 | $41.49 | $43.61 |
| 9.0% | $33.71 | $34.54 | $35.50 | $36.63 | $37.96 |
| 10.0% | $31.12 | $31.71 | $32.39 | $33.16 | $34.04 |
| 11.0% | $29.08 | $29.52 | $30.00 | $30.55 | $31.17 |
Where the presets come from
Base: years 1 to 5 grow at Carter Bankshares, Inc.'s revenue growth rate over the last 4 fiscal years (3.1% 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