What is Howard Hughes Holdings Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Howard Hughes Holdings Inc.'s reported free cash flow gives $159.54 per share. The share price was $84.60 on November 10, 2026, 47% 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 | -4.0% | 10.0% | $118.72 | +40% |
| Base | 1.0% | 9.0% | $159.54 | +89% |
| Bull | 6.0% | 8.0% | $235.76 | +179% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $187.98 | $196.53 | $206.98 | $220.05 | $236.84 |
| 8.0% | $166.86 | $172.40 | $178.96 | $186.82 | $196.43 |
| 9.0% | $151.37 | $155.16 | $159.54 | $164.64 | $170.68 |
| 10.0% | $139.54 | $142.23 | $145.29 | $148.78 | $152.81 |
| 11.0% | $130.20 | $132.18 | $134.38 | $136.87 | $139.69 |
Where the presets come from
Base: years 1 to 5 grow at Howard Hughes Holdings Inc.'s revenue growth rate over the last 4 fiscal years (0.8% 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