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What is Designer Brands Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Designer Brands Inc.'s reported free cash flow gives $22.56 per share. The share price was $6.13 on September 25, 2026, 73% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$78.3M
Average free cash flow, last 5 years
$100.4M
Cash
$51.6M
balance sheet of August 1, 2026
Debt
$416.3M
balance sheet of August 1, 2026
Diluted shares, fiscal 2025
49,136,000
Revenue growth per year, last 5 years
5.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear0.5%1.5%2.0%10.0%$11.36+85%
Base5.5%4.0%2.5%9.0%$22.56+268%
Bull10.5%7.0%3.0%8.0%$44.91+633%

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%$30.79$33.29$36.35$40.18$45.10
8.0%$24.66$26.28$28.20$30.50$33.32
9.0%$20.17$21.28$22.56$24.06$25.82
10.0%$16.75$17.54$18.44$19.46$20.64
11.0%$14.06$14.64$15.29$16.02$16.84

Where the presets come from

Base: years 1 to 5 grow at Designer Brands Inc.'s revenue growth rate over the last 5 fiscal years (5.3% 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

Designer Brands Inc. company page