What is Constellation Energy Corp worth?
With the base-case assumptions below, a discounted cash flow model on Constellation Energy Corp's reported free cash flow gives $28.23 per share. The share price was $263.27 on September 25, 2026, 833% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 2.5% | 10.0% | -$4.44 | -102% |
| Base | 7.5% | 9.0% | $28.23 | -89% |
| Bull | 12.5% | 8.0% | $93.36 | -65% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $52.51 | $59.94 | $69.03 | $80.38 | $94.98 |
| 8.0% | $34.37 | $39.19 | $44.89 | $51.73 | $60.08 |
| 9.0% | $21.13 | $24.43 | $28.23 | $32.66 | $37.91 |
| 10.0% | $11.05 | $13.39 | $16.05 | $19.08 | $22.58 |
| 11.0% | $3.12 | $4.84 | $6.76 | $8.92 | $11.37 |
Where the presets come from
Base: years 1 to 5 grow at Constellation Energy Corp's revenue growth rate over the last 5 fiscal years (7.7% 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