Cable One, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $278M FY2025 FCF base; -5% FCF decline years 1-5 (continued broadband subscriber losses to fiber/fixed-wireless competitors); -2% years 6-10; 14% discount rate; 1% terminal growth; -$3,057M net debt; 5.65M shares outstanding; resulting negative equity DCF value floored at a small per-share option value given limited liability.

Reasoning: Cable One is a structurally declining rural cable/broadband operator with heavy leverage (~$3.1B net debt against a sub-$100M equity market cap) and falling free cash flow, so a declining-FCF DCF is appropriate; the debt load exceeds the discounted cash flows under these assumptions, so intrinsic equity value is floored near zero rather than reported as negative, consistent with limited shareholder liability.