What is Cna Financial Corp worth?
With the base-case assumptions below, a discounted cash flow model on Cna Financial Corp's reported free cash flow gives $175.23 per share. The share price was $48.16 on November 10, 2026, 73% 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 | 2.0% | 10.0% | $104.76 | +118% |
| Base | 7.0% | 9.0% | $175.23 | +264% |
| Bull | 12.0% | 8.0% | $306.76 | +537% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $226.28 | $241.90 | $261.00 | $284.87 | $315.55 |
| 8.0% | $188.15 | $198.28 | $210.26 | $224.63 | $242.19 |
| 9.0% | $160.31 | $167.23 | $175.23 | $184.55 | $195.57 |
| 10.0% | $139.11 | $144.03 | $149.61 | $156.00 | $163.36 |
| 11.0% | $122.44 | $126.05 | $130.09 | $134.63 | $139.78 |
Where the presets come from
Base: years 1 to 5 grow at Cna Financial Corp's revenue growth rate over the last 5 fiscal years (6.8% 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