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DCF valuation

What is OUTFRONT Media Inc. worth?

With the base-case assumptions below, a discounted cash flow model on OUTFRONT Media Inc.'s reported free cash flow gives $14.26 per share. The share price was $27.65 on September 25, 2026, 94% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$218.8M
Average free cash flow, last 5 years
$159.3M
Cash
$31.2M
balance sheet of June 30, 2026
Debt
$2.43B
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
169,200,000
Revenue growth per year, last 5 years
8.2%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.0%2.5%2.0%10.0%$3.28-88%
Base8.0%5.5%2.5%9.0%$14.26-48%
Bull13.0%8.0%3.0%8.0%$34.76+26%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$22.27$24.72$27.72$31.48$36.30
8.0%$16.28$17.88$19.76$22.02$24.78
9.0%$11.92$13.01$14.26$15.73$17.46
10.0%$8.59$9.37$10.25$11.25$12.41
11.0%$5.98$6.55$7.19$7.90$8.71

Where the presets come from

Base: years 1 to 5 grow at OUTFRONT Media Inc.'s revenue growth rate over the last 5 fiscal years (8.2% 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

OUTFRONT Media Inc. company page