What is Caleres Inc worth?
With the base-case assumptions below, a discounted cash flow model on Caleres Inc's reported free cash flow gives $24.40 per share. The share price was $12.52 on September 25, 2026, 49% 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 | 0.5% | 10.0% | $15.86 | +27% |
| Base | 5.5% | 9.0% | $24.40 | +95% |
| Bull | 10.5% | 8.0% | $41.41 | +231% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $30.66 | $32.57 | $34.90 | $37.81 | $41.56 |
| 8.0% | $25.99 | $27.23 | $28.69 | $30.44 | $32.59 |
| 9.0% | $22.58 | $23.42 | $24.40 | $25.54 | $26.88 |
| 10.0% | $19.97 | $20.57 | $21.26 | $22.03 | $22.93 |
| 11.0% | $17.93 | $18.37 | $18.86 | $19.41 | $20.04 |
Where the presets come from
Base: years 1 to 5 grow at Caleres Inc's revenue growth rate over the last 5 fiscal years (5.4% 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