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 $110.07 per share. The share price was $107.70 on November 10, 2026, 2% 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% | $74.10 | -31% |
| Base | 0.5% | 9.0% | $110.07 | +2% |
| Bull | 5.5% | 8.0% | $180.11 | +67% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $135.01 | $142.49 | $151.63 | $163.05 | $177.74 |
| 8.0% | $116.50 | $121.35 | $127.08 | $133.96 | $142.36 |
| 9.0% | $102.93 | $106.25 | $110.07 | $114.53 | $119.81 |
| 10.0% | $92.55 | $94.91 | $97.58 | $100.63 | $104.16 |
| 11.0% | $84.35 | $86.08 | $88.01 | $90.18 | $92.65 |
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