What is iHeartMedia, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on iHeartMedia, Inc.'s reported free cash flow gives -$30.22 per share. The share price was $2.22 on September 28, 2026, 107% 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 | 0.5% | 10.0% | -$30.72 | -1,484% |
| Base | 5.5% | 9.0% | -$30.22 | -1,461% |
| Bull | 10.5% | 8.0% | -$29.23 | -1,417% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$29.86 | -$29.75 | -$29.61 | -$29.44 | -$29.22 |
| 8.0% | -$30.13 | -$30.06 | -$29.97 | -$29.87 | -$29.74 |
| 9.0% | -$30.33 | -$30.28 | -$30.22 | -$30.16 | -$30.08 |
| 10.0% | -$30.48 | -$30.45 | -$30.41 | -$30.36 | -$30.31 |
| 11.0% | -$30.60 | -$30.57 | -$30.55 | -$30.51 | -$30.48 |
Where the presets come from
Base: years 1 to 5 grow at iHeartMedia, Inc.'s revenue growth rate over the last 5 fiscal years (5.6% 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