What is Apogee Enterprises, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Apogee Enterprises, Inc.'s reported free cash flow gives $59.93 per share. The share price was $37.15 on September 25, 2026, 38% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -2.5% | 10.0% | $33.54 | -10% |
| Base | 2.5% | 9.0% | $59.93 | +61% |
| Bull | 7.5% | 8.0% | $111.33 | +200% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $78.49 | $84.08 | $90.93 | $99.48 | $110.48 |
| 8.0% | $64.69 | $68.32 | $72.61 | $77.76 | $84.05 |
| 9.0% | $54.59 | $57.07 | $59.93 | $63.27 | $67.22 |
| 10.0% | $46.87 | $48.63 | $50.63 | $52.92 | $55.56 |
| 11.0% | $40.78 | $42.08 | $43.52 | $45.15 | $47.00 |
Where the presets come from
Base: years 1 to 5 grow at Apogee Enterprises, Inc.'s revenue growth rate over the last 5 fiscal years (2.7% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions