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Stocks CSX DCF valuation

DCF valuation

What is Csx Corp worth?

With the base-case assumptions below, a discounted cash flow model on Csx Corp's reported free cash flow gives $8.47 per share. The share price was $51.11 on November 10, 2026, 503% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$1.71B
Average free cash flow, last 5 years
$2.88B
Cash
$1.22B
balance sheet of September 30, 2026
Debt
$18.8B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
1,873,000,000
Revenue growth per year, last 5 years
5.9%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.0%1.5%2.0%10.0%$1.62-97%
Base6.0%4.5%2.5%9.0%$8.47-83%
Bull11.0%7.0%3.0%8.0%$21.27-58%

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%$13.41$14.91$16.76$19.06$22.02
8.0%$9.72$10.70$11.86$13.24$14.94
9.0%$7.03$7.70$8.47$9.37$10.43
10.0%$4.98$5.46$6.00$6.61$7.32
11.0%$3.37$3.72$4.11$4.55$5.04

Where the presets come from

Base: years 1 to 5 grow at Csx Corp's revenue growth rate over the last 5 fiscal years (5.9% 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

Csx Corp company page