What is Dycom Industries Inc worth?
With the base-case assumptions below, a discounted cash flow model on Dycom Industries Inc's reported free cash flow gives $240.81 per share. The share price was $271.52 on September 25, 2026, 13% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 4.5% | 10.0% | $117.90 | -57% |
| Base | 9.5% | 9.0% | $240.81 | -11% |
| Bull | 14.5% | 8.0% | $485.82 | +79% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $333.25 | $361.70 | $396.46 | $439.92 | $495.80 |
| 8.0% | $264.10 | $282.54 | $304.34 | $330.50 | $362.48 |
| 9.0% | $213.64 | $226.25 | $240.81 | $257.79 | $277.85 |
| 10.0% | $175.27 | $184.24 | $194.41 | $206.02 | $219.43 |
| 11.0% | $145.15 | $151.73 | $159.08 | $167.35 | $176.72 |
Where the presets come from
Base: years 1 to 5 grow at Dycom Industries Inc's revenue growth rate over the last 6 fiscal years (9.6% 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