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DCF valuation

What is Community Financial System, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Community Financial System, Inc.'s reported free cash flow gives $93.10 per share. The share price was $61.57 on September 25, 2026, 34% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$233.3M
Average free cash flow, last 5 years
$211.1M
Cash
$258.2M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
52,821,000
Revenue growth per year, last 3 years
6.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$60.03-3%
Base6.5%4.5%2.5%9.0%$93.10+51%
Bull11.5%7.5%3.0%8.0%$159.05+158%

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%$117.53$124.99$134.11$145.50$160.15
8.0%$99.30$104.14$109.85$116.71$125.10
9.0%$85.98$89.29$93.10$97.55$102.81
10.0%$75.83$78.18$80.85$83.89$87.41
11.0%$67.85$69.57$71.50$73.67$76.12

Where the presets come from

Base: years 1 to 5 grow at Community Financial System, Inc.'s revenue growth rate over the last 3 fiscal years (6.4% 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

Community Financial System, Inc. company page