Cannae Holdings, Inc.

AI-generated fair value estimate for this company.

Method: Net asset value (sum-of-the-parts) less a holding-company discount: based on Cannae's own published illustrative NAV of $1,126.2M (Bausch + Lomb, Jana Partners, Sotheby's, AmeriLife, Watkins, SpaceX, Altisource, Minden Mill, Alight Solutions and other holdings, net of $47.5M debt and plus $146.6M holding-company cash), divided by 43.37M current shares outstanding (~$25.97/share), discounted 20% for the persistent holding-company/conglomerate discount and illiquidity of several private stakes.

Reasoning: Cannae is an investment holding company whose value derives from a portfolio of equity stakes rather than a single operating cash flow stream, so a sum-of-the-parts net asset value approach (as the company itself discloses) is far more appropriate than a consolidated DCF of its reported (and currently negative) operating cash flow.