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DCF valuation

What is Champion Homes, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Champion Homes, Inc.'s reported free cash flow gives $156.90 per share. The share price was $87.72 on September 25, 2026, 44% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$269.7M
Average free cash flow, last 5 years
$237.3M
Cash
$784.7M
balance sheet of June 27, 2026
Debt
$23.8M
balance sheet of June 27, 2026
Diluted shares, fiscal 2026
56,502,000
Revenue growth per year, last 5 years
13.4%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear8.5%5.5%2.0%10.0%$102.20+17%
Base13.5%8.0%2.5%9.0%$156.90+79%
Bull18.5%11.0%3.0%8.0%$265.88+203%

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%$198.98$212.05$228.02$247.98$273.65
8.0%$167.41$175.88$185.90$197.92$212.60
9.0%$144.42$150.22$156.90$164.70$173.92
10.0%$126.98$131.10$135.77$141.10$147.26
11.0%$113.31$116.33$119.71$123.51$127.81

Where the presets come from

Base: years 1 to 5 grow at Champion Homes, Inc.'s revenue growth rate over the last 5 fiscal years (13.4% 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

Champion Homes, Inc. company page