Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a loss-making company: Analyst consensus.
ACCE opinionLee Enterprises Incorporated Common Stock (LEE)
Fair value
Not available
ACCE price target
$6.80
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $6.32 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
34
out of 100
1-year return
+43.3%
Dividend yield
0.00%
Lee Enterprises Incorporated Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Lee Enterprises publishes local newspapers and their digital editions across mid-sized US markets, with print subscriptions, print and digital advertising, and commercial printing as its main revenue lines. The structural problem is clear from the numbers: revenue is shrinking at 10.8% a year and return on equity is -146.2%, so the business is still in managed decline rather than in a turnaround that has shown up in the accounts. The 60.7% gross margin and 11.1% operating margin show the operating base still throws off cash, which is what keeps a fund looking at a name like this, but the question is how long that cash lasts against a shrinking top line. Forward earnings at 15.1 times against a trailing P/E of zero suggests the market is pricing in a return to profit that the trailing results do not yet show. With a score of 36/100 and no index membership, this reads as a special-situation candidate, and a deeper look would need to focus on the debt load and whether cost cuts can hold margins as print advertising keeps falling.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Negative FCF and equity
Free cash flow is -$7.08M and debt/equity is -11.12, so the company is burning cash against a deficit equity base. ROE of -146.2% reflects the same strain.
high
Revenue and earnings contracting
Revenue fell 10.8% year over year and 8.8% quarter over quarter, with earnings down 38.3%. The 5-year revenue CAGR of -1.9% shows this is a longer decline, not a one-off.
moderate
Score down 11 points in 90 days
The ACCE score fell from 45 to 34 over 90 days, with the growth sub-score at 7 and quality at 38. The deterioration is broad across the factors.
AI research notes
AI-assisted·How I use AIWritten Oct 21, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Analysts' mean price target of $20.00 sits far above the $6.32 share price, implying a 212.0% gap.
The latest quarter beat expectations, with earnings per share of 0.21 against a forecast of -0.16, a 231.3% surprise.
At a forward P/E of 11.2x, the shares are priced at a modest multiple of expected earnings.
Why it could disappoint
Revenue fell 10.8% year over year in the latest 10-Q, and the five-year average annual change is -1.9%.
Free cash flow over the last 12 months was negative at -$7M, and the free cash flow yield is -4.9%.
Return on equity of -146.2% and debt to equity of -11.12 reflect a balance sheet with negative equity.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 25, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where LEE's valuation models land
Price
$6.32
Model fair valueConfidence: low
about $20.00
Model
Fair value
Upside
Analyst consensus
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores
+Score history: how each score moved over time
Analysts
Wall Street consensus
No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
+Price-target low / average / high vs the current price, with implied upside
+Forward revenue and EPS consensus by fiscal year
+ACCE fair-value models lined up against the Street
Smart Money
PRO
In one line
Trades are only made public after a delay. We show the delay so you know how old the news is.