Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionNewsmax Inc. Class B Common Stock (NMAX)
Fair value
Not available
ACCE price target
$8.50
Rating
Not rated
Horizon
12 months
ACCE price target published on 12 Oct 2026, 00:00 CEST.
Price used: $7.93 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
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
43
out of 100
Analysts
67% buy
3 covering
P/E
396.5x
forward 113.3x
1-year return
-29.1%
Dividend yield
0.00%
Newsmax Inc. Class B Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Newsmax Inc. runs the Newsmax cable and streaming news network, along with its digital properties, and monetizes that audience through advertising and subscription carriage fees. Revenue is growing at 16.5%, but the business earns a 2.4% operating margin and a negative 5.8% return on equity, so the top line is not yet converting into profit. The forward P/E of 36.4 against a trailing 465.5 suggests earnings are expected to recover sharply from a depressed base, which is the central thing to verify. At a 1.2 billion dollar market cap with no index membership, the name sits outside most institutional screens, and a 46/100 score points to weak fundamentals relative to peers. It warrants a deeper look only if the margin recovery in the forward estimates can be traced to specific cost or pricing actions.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
severe
Free cash flow deeply negative
FCF of -$67.1M against a $1.0B market cap is a serious cash burn. Net margin is -3.1% and ROE is -5.8%, so the business is not yet funding itself internally.
high
Extreme short interest
Short interest sits at 57.0% of the float, which signals heavy bearish positioning and raises the risk of sharp, unpredictable price swings in either direction.
high
Earnings flat despite revenue growth
Revenue grew 16.5% year over year, yet earnings growth is 0.0%. Operating margin of 2.4% is thin, so top-line growth is not converting to profit.
moderate
Stretched valuation multiples
Trailing P/E of 396.5 and forward P/E of 113.3 leave little room for error if growth or margins disappoint. The stock trades 6.7% below the ACCE price target of $8.50, which does not offset the earnings gap.
AI research notes
AI-assisted·How I use AIWritten Oct 24, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 16.5% year over year, faster than its 11.8% average annual pace over the past five years.
Analysts rate the stock Buy or Strong Buy, and their mean price target sits 97.6% above the current share price.
The latest quarter beat expectations, with earnings per share of 0.02 against an expected loss of 0.03.
Why it could disappoint
The company burned free cash flow of -$67M over the last twelve months, so it is not yet funding itself.
Returns are negative, with return on invested capital at -70.7% and net margin at -3.1%.
At 396.5 times trailing earnings and 113.3 times forward earnings, the price already assumes a great deal of future profit growth.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 12, 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
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Valuation
INVESTOR
Where NMAX's valuation models land
Price
$7.93
Model fair valueConfidence: low
about $9.61
Model
Fair value
Upside
Analyst consensus
Sales comps
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Quality
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