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DCF valuation

What is Community Health Systems Inc worth?

With the base-case assumptions below, a discounted cash flow model on Community Health Systems Inc's reported free cash flow gives -$47.44 per share. The share price was $2.94 on September 25, 2026, 106% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$208M
Average free cash flow, last 5 years
-$128.8M
Cash
$149M
balance sheet of June 30, 2026
Debt
$9.58B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
135,012,240
Revenue growth per year, last 5 years
1.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-4.0%-1.0%2.0%10.0%-$55.88-2,001%
Base1.0%2.0%2.5%9.0%-$47.44-1,713%
Bull6.0%4.5%3.0%8.0%-$31.68-1,177%

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%-$41.56-$39.79-$37.63-$34.93-$31.45
8.0%-$45.92-$44.78-$43.42-$41.79-$39.81
9.0%-$49.12-$48.34-$47.44-$46.38-$45.13
10.0%-$51.57-$51.01-$50.38-$49.66-$48.83
11.0%-$53.50-$53.09-$52.64-$52.12-$51.54

Where the presets come from

Base: years 1 to 5 grow at Community Health Systems Inc's revenue growth rate over the last 5 fiscal years (1.2% 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

Community Health Systems Inc company page