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DCF valuation

What is Lands' End, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Lands' End, Inc.'s reported free cash flow gives $8.69 per share. The share price was $10.26 on September 25, 2026, 18% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$20.4M
Average free cash flow, last 5 years
$21.7M
Cash
$16.1M
balance sheet of July 31, 2026
Debt
$0
balance sheet of July 31, 2026
Diluted shares, fiscal 2025
31,033,000
Revenue growth per year, last 5 years
-1.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-6.5%-2.0%2.0%10.0%$5.72-44%
Base-1.5%0.5%2.5%9.0%$8.69-15%
Bull3.5%3.5%3.0%8.0%$14.61+42%

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%$10.77$11.39$12.14$13.09$14.30
8.0%$9.23$9.63$10.11$10.68$11.37
9.0%$8.10$8.38$8.69$9.06$9.50
10.0%$7.24$7.43$7.66$7.91$8.20
11.0%$6.56$6.70$6.86$7.04$7.24

Where the presets come from

Base: years 1 to 5 grow at Lands' End, Inc.'s revenue growth rate over the last 5 fiscal years (-1.3% 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

Lands' End, Inc. company page