What is Nathans Famous, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Nathans Famous, Inc.'s reported free cash flow gives $137.57 per share. The share price was $101.55 on September 25, 2026, 26% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $81.41 | -20% |
| Base | 15.0% | 9.0% | $137.57 | +35% |
| Bull | 20.0% | 8.0% | $242.14 | +138% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $180.09 | $193.35 | $209.55 | $229.81 | $255.85 |
| 8.0% | $148.15 | $156.75 | $166.91 | $179.10 | $194.00 |
| 9.0% | $124.91 | $130.79 | $137.57 | $145.48 | $154.84 |
| 10.0% | $107.29 | $111.47 | $116.21 | $121.62 | $127.87 |
| 11.0% | $93.50 | $96.56 | $99.99 | $103.84 | $108.21 |
Where the presets come from
Base: years 1 to 5 grow at Nathans Famous, Inc.'s revenue growth rate over the last 5 fiscal years (16.4% 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