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DCF Valuation
Base-case fair value
$80.78
Intrinsic $107.71 · 25% MOS
Base-case summary
Our base-case DCF for Core Natural Resources, Inc. (CNR) projects 10 years of free cash flow growth at 7.0% for years 1–5 and 3.5% for years 6–10, anchored to 7.0% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $242M in trailing free cash flow, this produces an intrinsic value of $107.71 per share. A 25% safety margin gives a fair value of $80.78.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$242M
Cash & equivalents
$413M
Total debt
$587M
Shares outstanding
51M