What is Strategic Education, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Strategic Education, Inc.'s reported free cash flow gives $122.17 per share. The share price was $54.59 on November 10, 2026, 55% 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 | -0.5% | 10.0% | $77.64 | +42% |
| Base | 4.5% | 9.0% | $122.17 | +124% |
| Bull | 9.5% | 8.0% | $208.88 | +283% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $153.88 | $163.51 | $175.28 | $189.99 | $208.91 |
| 8.0% | $130.26 | $136.50 | $143.88 | $152.74 | $163.56 |
| 9.0% | $112.97 | $117.24 | $122.17 | $127.92 | $134.71 |
| 10.0% | $99.79 | $102.82 | $106.26 | $110.20 | $114.73 |
| 11.0% | $89.41 | $91.63 | $94.12 | $96.92 | $100.09 |
Where the presets come from
Base: years 1 to 5 grow at Strategic Education, Inc.'s revenue growth rate over the last 5 fiscal years (4.3% 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