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What is Amcon Distributing Co worth?

With the base-case assumptions below, a discounted cash flow model on Amcon Distributing Co's reported free cash flow gives $454.58 per share. The share price was $67.56 on September 24, 2026, 85% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$9.7M
Average free cash flow, last 5 years
$18.6M
Cash
$636.6K
balance sheet of June 30, 2026
Debt
$4.9M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
616,486
Revenue growth per year, last 5 years
13.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear8.0%5.0%2.0%10.0%$274.20+306%
Base13.0%8.0%2.5%9.0%$454.58+573%
Bull18.0%10.5%3.0%8.0%$790.72+1,070%

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%$589.75$631.72$683.02$747.14$829.58
8.0%$488.35$515.56$547.73$586.33$633.50
9.0%$414.50$433.11$454.58$479.63$509.24
10.0%$358.46$371.69$386.69$403.83$423.61
11.0%$314.56$324.26$335.10$347.30$361.13

Where the presets come from

Base: years 1 to 5 grow at Amcon Distributing Co's revenue growth rate over the last 5 fiscal years (13.1% 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

Amcon Distributing Co company page