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DCF valuation

What is Marcus Corp worth?

With the base-case assumptions below, a discounted cash flow model on Marcus Corp's reported free cash flow gives -$2.88 per share. The share price was $28.09 on September 25, 2026, 1,075% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$989K
Average free cash flow, last 5 years
$35M
Cash
$26.3M
balance sheet of June 30, 2026
Debt
$149.1M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
31,279,000
Revenue growth per year, last 5 years
26.1%

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%-$3.29-112%
Base15.0%9.0%2.5%9.0%-$2.88-110%
Bull20.0%11.5%3.0%8.0%-$2.12-108%

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%-$2.57-$2.47-$2.35-$2.21-$2.02
8.0%-$2.80-$2.74-$2.67-$2.58-$2.47
9.0%-$2.97-$2.93-$2.88-$2.82-$2.75
10.0%-$3.10-$3.07-$3.04-$3.00-$2.95
11.0%-$3.20-$3.18-$3.15-$3.13-$3.09

Where the presets come from

Base: years 1 to 5 grow at Marcus Corp's revenue growth rate over the last 5 fiscal years (26.1% 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

Marcus Corp company page