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DCF valuation

What is Liberty Latin America Ltd. worth?

With the base-case assumptions below, a discounted cash flow model on Liberty Latin America Ltd.'s reported free cash flow gives -$13.08 per share. The share price was $8.49 on September 28, 2026, 165% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$305.9M
Average free cash flow, last 5 years
$209.3M
Cash
$714.1M
balance sheet of June 30, 2026
Debt
$8.44B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
199,500,000
Revenue growth per year, last 5 years
3.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-1.5%0.5%2.0%10.0%-$22.60-366%
Base3.5%3.0%2.5%9.0%-$13.08-254%
Bull8.5%6.0%3.0%8.0%$5.90-31%

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%-$6.18-$4.10-$1.54$1.65$5.75
8.0%-$11.32-$9.96-$8.36-$6.44-$4.10
9.0%-$15.07-$14.15-$13.08-$11.83-$10.36
10.0%-$17.94-$17.28-$16.54-$15.69-$14.70
11.0%-$20.20-$19.72-$19.18-$18.57-$17.89

Where the presets come from

Base: years 1 to 5 grow at Liberty Latin America Ltd.'s revenue growth rate over the last 5 fiscal years (3.3% 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

Liberty Latin America Ltd. company page