What is New York Times Co worth?
With the base-case assumptions below, a discounted cash flow model on New York Times Co's reported free cash flow gives $80.81 per share. The share price was $71.03 on November 10, 2026, 12% 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 | 4.5% | 10.0% | $50.77 | -29% |
| Base | 9.5% | 9.0% | $80.81 | +14% |
| Bull | 14.5% | 8.0% | $140.71 | +98% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $103.41 | $110.36 | $118.86 | $129.49 | $143.15 |
| 8.0% | $86.50 | $91.01 | $96.34 | $102.74 | $110.55 |
| 9.0% | $74.17 | $77.25 | $80.81 | $84.96 | $89.87 |
| 10.0% | $64.79 | $66.98 | $69.47 | $72.31 | $75.58 |
| 11.0% | $57.43 | $59.04 | $60.83 | $62.85 | $65.14 |
Where the presets come from
Base: years 1 to 5 grow at New York Times Co's revenue growth rate over the last 5 fiscal years (9.6% 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