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 $162.17 per share. The share price was $141.97 on September 25, 2026, 12% 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% | $103.43 | -27% |
| Base | 4.0% | 9.0% | $162.17 | +14% |
| Bull | 9.0% | 8.0% | $271.87 | +91% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $203.94 | $216.61 | $232.10 | $251.47 | $276.37 |
| 8.0% | $172.83 | $181.05 | $190.76 | $202.42 | $216.67 |
| 9.0% | $150.07 | $155.69 | $162.17 | $169.74 | $178.68 |
| 10.0% | $132.71 | $136.70 | $141.23 | $146.41 | $152.38 |
| 11.0% | $119.03 | $121.96 | $125.24 | $128.92 | $133.10 |
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