What is Oppenheimer Holdings Inc worth?
With the base-case assumptions below, a discounted cash flow model on Oppenheimer Holdings Inc's reported free cash flow gives $325.36 per share. The share price was $91.08 on November 10, 2026, 72% 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 | 1.5% | 10.0% | $204.62 | +125% |
| Base | 6.5% | 9.0% | $325.36 | +257% |
| Bull | 11.5% | 8.0% | $566.09 | +522% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $414.54 | $441.77 | $475.05 | $516.65 | $570.13 |
| 8.0% | $347.99 | $365.64 | $386.51 | $411.55 | $442.16 |
| 9.0% | $299.35 | $311.43 | $325.36 | $341.61 | $360.82 |
| 10.0% | $262.30 | $270.89 | $280.62 | $291.74 | $304.57 |
| 11.0% | $233.17 | $239.47 | $246.50 | $254.41 | $263.38 |
Where the presets come from
Base: years 1 to 5 grow at Oppenheimer Holdings Inc's revenue growth rate over the last 5 fiscal years (6.4% 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