What is Landstar System Inc worth?
With the base-case assumptions below, a discounted cash flow model on Landstar System Inc's reported free cash flow gives $111.58 per share. The share price was $163.77 on September 25, 2026, 47% 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 | -2.0% | 10.0% | $73.06 | -55% |
| Base | 3.0% | 9.0% | $111.58 | -32% |
| Bull | 8.0% | 8.0% | $183.50 | +12% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $138.78 | $147.01 | $157.07 | $169.64 | $185.81 |
| 8.0% | $118.53 | $123.87 | $130.18 | $137.75 | $147.00 |
| 9.0% | $103.71 | $107.36 | $111.58 | $116.49 | $122.29 |
| 10.0% | $92.40 | $95.00 | $97.94 | $101.30 | $105.18 |
| 11.0% | $83.49 | $85.39 | $87.52 | $89.91 | $92.62 |
Where the presets come from
Base: years 1 to 5 grow at Landstar System Inc's revenue growth rate over the last 5 fiscal years (2.8% 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