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Stocks BKE DCF valuation

DCF valuation

What is Buckle Inc worth?

With the base-case assumptions below, a discounted cash flow model on Buckle Inc's reported free cash flow gives $91.18 per share. The share price was $42.27 on September 25, 2026, 54% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$205.8M
Average free cash flow, last 5 years
$225.5M
Cash
$264.8M
balance sheet of August 1, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
50,701,000
Revenue growth per year, last 5 years
7.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear2.5%2.5%2.0%10.0%$58.85+39%
Base7.5%5.0%2.5%9.0%$91.18+116%
Bull12.5%8.0%3.0%8.0%$155.63+268%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$115.20$122.56$131.55$142.78$157.23
8.0%$97.26$102.03$107.67$114.43$122.70
9.0%$84.15$87.42$91.18$95.57$100.76
10.0%$74.18$76.50$79.12$82.13$85.59
11.0%$66.34$68.04$69.94$72.07$74.50

Where the presets come from

Base: years 1 to 5 grow at Buckle Inc's revenue growth rate over the last 5 fiscal years (7.6% 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

Buckle Inc company page