What is Park National Corp worth?
With the base-case assumptions below, a discounted cash flow model on Park National Corp's reported free cash flow gives $309.52 per share. The share price was $179.82 on November 10, 2026, 42% 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 | 4.0% | 10.0% | $202.54 | +13% |
| Base | 9.0% | 9.0% | $309.52 | +72% |
| Bull | 14.0% | 8.0% | $509.12 | +183% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $387.94 | $412.07 | $441.55 | $478.41 | $525.79 |
| 8.0% | $329.28 | $344.93 | $363.42 | $385.60 | $412.72 |
| 9.0% | $286.49 | $297.18 | $309.52 | $323.92 | $340.94 |
| 10.0% | $253.93 | $261.54 | $270.16 | $280.01 | $291.38 |
| 11.0% | $228.38 | $233.96 | $240.19 | $247.20 | $255.15 |
Where the presets come from
Base: years 1 to 5 grow at Park National Corp's revenue growth rate over the last 3 fiscal years (8.9% 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