What is Lineage, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Lineage, Inc.'s reported free cash flow gives -$15.56 per share. The share price was $34.88 on November 10, 2026, 324% 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 | -2.0% | 10.0% | -$20.90 | -160% |
| Base | 3.0% | 9.0% | -$15.56 | -145% |
| Bull | 8.0% | 8.0% | -$5.57 | -116% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$11.78 | -$10.64 | -$9.24 | -$7.50 | -$5.25 |
| 8.0% | -$14.59 | -$13.85 | -$12.97 | -$11.92 | -$10.64 |
| 9.0% | -$16.65 | -$16.14 | -$15.56 | -$14.87 | -$14.07 |
| 10.0% | -$18.22 | -$17.86 | -$17.45 | -$16.98 | -$16.44 |
| 11.0% | -$19.45 | -$19.19 | -$18.90 | -$18.56 | -$18.19 |
Where the presets come from
Base: years 1 to 5 grow at Lineage, Inc.'s revenue growth rate over the last 3 fiscal years (2.8% 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