What is City Holding Co worth?
With the base-case assumptions below, a discounted cash flow model on City Holding Co's reported free cash flow gives $157.63 per share. The share price was $142.59 on November 10, 2026, 10% 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 | -1.0% | 10.0% | $98.88 | -31% |
| Base | 4.0% | 9.0% | $157.63 | +11% |
| Bull | 9.0% | 8.0% | $267.32 | +87% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $199.39 | $212.07 | $227.56 | $246.92 | $271.82 |
| 8.0% | $168.28 | $176.50 | $186.22 | $197.87 | $212.12 |
| 9.0% | $145.52 | $151.14 | $157.63 | $165.19 | $174.13 |
| 10.0% | $128.16 | $132.16 | $136.69 | $141.86 | $147.84 |
| 11.0% | $114.49 | $117.42 | $120.69 | $124.38 | $128.55 |
Where the presets come from
Base: years 1 to 5 grow at City Holding Co's revenue growth rate over the last 5 fiscal years (3.9% 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