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DCF valuation

What is Traeger, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Traeger, Inc.'s reported free cash flow gives $1.94 per share. The share price was $66.85 on November 10, 2026, 3,347% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$13.6M
Average free cash flow, last 5 years
$1.1M
Cash
$67.8M
balance sheet of September 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
133,095,964
Revenue growth per year, last 4 years
0.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-4.5%-1.5%2.0%10.0%$1.40-98%
Base0.5%1.5%2.5%9.0%$1.94-97%
Bull5.5%4.5%3.0%8.0%$2.98-96%

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%$2.31$2.42$2.56$2.73$2.95
8.0%$2.04$2.11$2.19$2.30$2.42
9.0%$1.83$1.88$1.94$2.01$2.08
10.0%$1.68$1.71$1.75$1.80$1.85
11.0%$1.56$1.58$1.61$1.64$1.68

Where the presets come from

Base: years 1 to 5 grow at Traeger, Inc.'s revenue growth rate over the last 4 fiscal years (0.6% 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

Traeger, Inc. company page