What is Newmark Group, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Newmark Group, Inc.'s reported free cash flow gives $12.54 per share. The share price was $11.49 on November 10, 2026, 8% 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 | 6.5% | 10.0% | $6.82 | -41% |
| Base | 11.5% | 9.0% | $12.54 | +9% |
| Bull | 16.5% | 8.0% | $23.94 | +108% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $16.89 | $18.24 | $19.88 | $21.94 | $24.58 |
| 8.0% | $13.63 | $14.50 | $15.54 | $16.77 | $18.28 |
| 9.0% | $11.26 | $11.85 | $12.54 | $13.34 | $14.29 |
| 10.0% | $9.45 | $9.88 | $10.36 | $10.91 | $11.54 |
| 11.0% | $8.04 | $8.35 | $8.69 | $9.09 | $9.53 |
Where the presets come from
Base: years 1 to 5 grow at Newmark Group, Inc.'s revenue growth rate over the last 5 fiscal years (11.6% 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