What is C & F Financial Corp worth?
With the base-case assumptions below, a discounted cash flow model on C & F Financial Corp's reported free cash flow gives $115.06 per share. The share price was $93.60 on September 25, 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 | -4.5% | 10.0% | $79.08 | -16% |
| Base | 0.5% | 9.0% | $115.06 | +23% |
| Bull | 5.5% | 8.0% | $185.09 | +98% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $139.99 | $147.47 | $156.61 | $168.03 | $182.72 |
| 8.0% | $121.49 | $126.34 | $132.07 | $138.94 | $147.35 |
| 9.0% | $107.92 | $111.23 | $115.06 | $119.52 | $124.79 |
| 10.0% | $97.53 | $99.89 | $102.56 | $105.62 | $109.14 |
| 11.0% | $89.34 | $91.06 | $93.00 | $95.17 | $97.63 |
Where the presets come from
Base: years 1 to 5 grow at C & F Financial Corp's revenue growth rate over the last 5 fiscal years (0.4% 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