What is Clear Channel Outdoor Holdings, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Clear Channel Outdoor Holdings, Inc.'s reported free cash flow gives -$9.18 per share. The share price was $2.36 on September 25, 2026, 126% 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 | -8.0% | 10.0% | -$9.46 | -501% |
| Base | -3.0% | 9.0% | -$9.18 | -489% |
| Bull | 2.0% | 8.0% | -$8.67 | -467% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$9.00 | -$8.94 | -$8.88 | -$8.79 | -$8.68 |
| 8.0% | -$9.13 | -$9.10 | -$9.06 | -$9.01 | -$8.94 |
| 9.0% | -$9.23 | -$9.21 | -$9.18 | -$9.15 | -$9.11 |
| 10.0% | -$9.31 | -$9.29 | -$9.27 | -$9.25 | -$9.23 |
| 11.0% | -$9.37 | -$9.36 | -$9.35 | -$9.33 | -$9.31 |
Where the presets come from
Base: years 1 to 5 grow at Clear Channel Outdoor Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (-2.9% 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