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DCF Valuation
Base-case fair value
$168.90
Intrinsic $225.19 · 25% MOS
Current price: $65.26
Base-case summary
Our base-case DCF for Howard Hughes Holdings Inc. (HHH) projects 10 years of free cash flow growth at 9.9% for years 1–5 and 5.0% for years 6–10, anchored to 9.9% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $412M in trailing free cash flow, this produces an intrinsic value of $225.19 per share. A 25% safety margin gives a fair value of $168.90, suggesting the stock is currently 159% undervalued against the $65.26 market price.
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
$412M
Cash & equivalents
$1.8B
Total debt
$5M
Shares outstanding
59M