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DCF valuation

What is Floor & Decor Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Floor & Decor Holdings, Inc.'s reported free cash flow gives $20.25 per share. The share price was $51.44 on November 10, 2026, 154% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$64.1M
Average free cash flow, last 5 years
$5.2M
Cash
$392.5M
balance sheet of September 24, 2026
Debt
$195.5M
balance sheet of September 24, 2026
Diluted shares, fiscal 2025
108,419,000
Revenue growth per year, last 5 years
14.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear9.0%5.5%2.0%10.0%$13.03-75%
Base14.0%8.5%2.5%9.0%$20.25-61%
Bull19.0%11.0%3.0%8.0%$33.70-34%

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%$25.69$27.38$29.45$32.03$35.35
8.0%$21.60$22.70$24.00$25.55$27.46
9.0%$18.63$19.38$20.25$21.26$22.45
10.0%$16.38$16.91$17.52$18.21$19.00
11.0%$14.61$15.00$15.44$15.93$16.49

Where the presets come from

Base: years 1 to 5 grow at Floor & Decor Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (14.1% 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

Floor & Decor Holdings, Inc. company page