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 $80.88 per share. The share price was $63.83 on September 25, 2026, 21% 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% | $50.83 | -20% |
| Base | 9.5% | 9.0% | $80.88 | +27% |
| Bull | 14.5% | 8.0% | $140.78 | +121% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $103.48 | $110.43 | $118.93 | $129.55 | $143.21 |
| 8.0% | $86.57 | $91.08 | $96.41 | $102.81 | $110.62 |
| 9.0% | $74.24 | $77.32 | $80.88 | $85.03 | $89.93 |
| 10.0% | $64.86 | $67.05 | $69.54 | $72.38 | $75.65 |
| 11.0% | $57.50 | $59.10 | $60.90 | $62.92 | $65.21 |
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