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DCF valuation

What is Monro, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Monro, Inc.'s reported free cash flow gives $15.27 per share. The share price was $11.14 on November 9, 2026, 27% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$38.8M
Average free cash flow, last 5 years
$113.2M
Cash
$15M
balance sheet of September 26, 2026
Debt
$100M
balance sheet of September 26, 2026
Diluted shares, fiscal 2026
30,002,000
Revenue growth per year, last 5 years
0.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-4.5%-1.5%2.0%10.0%$8.48-24%
Base0.5%1.5%2.5%9.0%$15.27+37%
Bull5.5%4.5%3.0%8.0%$28.50+156%

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%$19.98$21.39$23.12$25.27$28.05
8.0%$16.48$17.40$18.48$19.78$21.37
9.0%$13.92$14.55$15.27$16.11$17.11
10.0%$11.96$12.41$12.91$13.49$14.15
11.0%$10.41$10.74$11.10$11.51$11.98

Where the presets come from

Base: years 1 to 5 grow at Monro, Inc.'s revenue growth rate over the last 5 fiscal years (0.6% 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

Monro, Inc. company page