What is Comcast Corp worth?
With the base-case assumptions below, a discounted cash flow model on Comcast Corp's reported free cash flow gives $77.24 per share. The share price was $62.32 on November 5, 2026, 19% 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 | -1.5% | 10.0% | $40.58 | -35% |
| Base | 3.5% | 9.0% | $77.24 | +24% |
| Bull | 8.5% | 8.0% | $150.31 | +141% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $103.79 | $111.83 | $121.65 | $133.93 | $149.72 |
| 8.0% | $84.03 | $89.24 | $95.40 | $102.79 | $111.83 |
| 9.0% | $69.56 | $73.13 | $77.24 | $82.04 | $87.71 |
| 10.0% | $58.52 | $61.06 | $63.93 | $67.21 | $71.00 |
| 11.0% | $49.82 | $51.68 | $53.76 | $56.09 | $58.74 |
Where the presets come from
Base: years 1 to 5 grow at Comcast Corp's revenue growth rate over the last 5 fiscal years (3.6% 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