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What is Driven Brands Holdings Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Driven Brands Holdings Inc.'s reported free cash flow gives $12.73 per share. The share price was $12.31 on September 25, 2026, 3% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$107.8M
Average free cash flow, last 5 years
-$84.2M
Cash
$183.9M
balance sheet of June 27, 2026
Debt
$1.66B
balance sheet of June 27, 2026
Diluted shares, fiscal 2025
163,852,000
Revenue growth per year, last 4 years
19.8%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$4.20-66%
Base15.0%9.0%2.5%9.0%$12.73+3%
Bull20.0%11.5%3.0%8.0%$28.61+132%

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%$19.18$21.20$23.66$26.73$30.69
8.0%$14.33$15.64$17.18$19.03$21.30
9.0%$10.81$11.70$12.73$13.93$15.35
10.0%$8.13$8.77$9.48$10.31$11.26
11.0%$6.04$6.50$7.02$7.61$8.27

Where the presets come from

Base: years 1 to 5 grow at Driven Brands Holdings Inc.'s revenue growth rate over the last 4 fiscal years (19.8% 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

Driven Brands Holdings Inc. company page