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 $243.64 per share. The share price was $104.82 on September 25, 2026, 57% 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% | $133.97 | +28% |
| Base | 8.0% | 9.0% | $243.64 | +132% |
| Bull | 13.0% | 8.0% | $448.30 | +328% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $323.56 | $348.08 | $378.05 | $415.52 | $463.69 |
| 8.0% | $263.82 | $279.73 | $298.52 | $321.07 | $348.64 |
| 9.0% | $220.22 | $231.09 | $243.64 | $258.27 | $275.57 |
| 10.0% | $187.03 | $194.77 | $203.53 | $213.55 | $225.10 |
| 11.0% | $160.97 | $166.64 | $172.98 | $180.10 | $188.18 |
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