What is Boot Barn Holdings, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Boot Barn Holdings, Inc.'s reported free cash flow gives $138.98 per share. The share price was $134.84 on November 10, 2026, 3% 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 | 10.0% | 10.0% | $85.69 | -36% |
| Base | 15.0% | 9.0% | $138.98 | +3% |
| Bull | 20.0% | 8.0% | $238.22 | +77% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $179.33 | $191.91 | $207.29 | $226.51 | $251.23 |
| 8.0% | $149.02 | $157.18 | $166.82 | $178.39 | $192.54 |
| 9.0% | $126.97 | $132.55 | $138.98 | $146.49 | $155.37 |
| 10.0% | $110.25 | $114.21 | $118.71 | $123.85 | $129.78 |
| 11.0% | $97.16 | $100.07 | $103.32 | $106.98 | $111.12 |
Where the presets come from
Base: years 1 to 5 grow at Boot Barn Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (20.3% 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