What is Tapestry, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Tapestry, Inc.'s reported free cash flow gives $172.32 per share. The share price was $135.49 on November 10, 2026, 21% 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 | 2.0% | 10.0% | $103.47 | -24% |
| Base | 7.0% | 9.0% | $172.32 | +27% |
| Bull | 12.0% | 8.0% | $300.84 | +122% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $222.20 | $237.46 | $256.12 | $279.44 | $309.43 |
| 8.0% | $184.95 | $194.85 | $206.55 | $220.58 | $237.74 |
| 9.0% | $157.74 | $164.51 | $172.32 | $181.43 | $192.20 |
| 10.0% | $137.02 | $141.84 | $147.29 | $153.53 | $160.72 |
| 11.0% | $120.74 | $124.27 | $128.22 | $132.65 | $137.68 |
Where the presets come from
Base: years 1 to 5 grow at Tapestry, Inc.'s revenue growth rate over the last 5 fiscal years (6.9% 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