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DCF valuation

What is Charter Communications, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Charter Communications, Inc.'s reported free cash flow gives -$267.24 per share. The share price was $134.06 on November 10, 2026, 150% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$4.42B
Average free cash flow, last 5 years
$5.01B
Cash
$573M
balance sheet of September 30, 2026
Debt
$107.05B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
137,743,676
Revenue growth per year, last 5 years
2.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-2.5%-0.5%2.0%10.0%-$458.65-442%
Base2.5%2.5%2.5%9.0%-$267.24-299%
Bull7.5%5.5%3.0%8.0%$105.51-21%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%-$132.68-$92.07-$42.45$19.59$99.35
8.0%-$232.73-$206.40-$175.28-$137.94-$92.29
9.0%-$306.02-$288.01-$267.24-$243.00-$214.36
10.0%-$361.99-$349.19-$334.68-$318.09-$298.96
11.0%-$406.12-$396.74-$386.25-$374.45-$361.07

Where the presets come from

Base: years 1 to 5 grow at Charter Communications, Inc.'s revenue growth rate over the last 5 fiscal years (2.6% 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

Charter Communications, Inc. company page