What is Loews Corp worth?
With the base-case assumptions below, a discounted cash flow model on Loews Corp's reported free cash flow gives $243.61 per share. The share price was $110.89 on November 10, 2026, 54% 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 | 3.0% | 10.0% | $133.95 | +21% |
| Base | 8.0% | 9.0% | $243.61 | +120% |
| Bull | 13.0% | 8.0% | $448.27 | +304% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $323.53 | $348.06 | $378.03 | $415.50 | $463.67 |
| 8.0% | $263.80 | $279.70 | $298.50 | $321.05 | $348.62 |
| 9.0% | $220.19 | $231.07 | $243.61 | $258.25 | $275.55 |
| 10.0% | $187.01 | $194.74 | $203.51 | $213.52 | $225.08 |
| 11.0% | $160.95 | $166.62 | $172.95 | $180.08 | $188.16 |
Where the presets come from
Base: years 1 to 5 grow at Loews Corp's revenue growth rate over the last 5 fiscal years (8.0% 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