Buckle stock: fair value
BKEThe fair value of Buckle under our model is $63.38, the price is 31% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $48.75 and expensive above $90.54 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $66.23 (cash-flow model) and $60.53 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $57.98, at 7.8% it would be $71.47.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 8.8% (floor: government bond yield 3.8% plus 5 percentage points, since beta 1.07 times the risk premium would give less); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $66.23 per share: free cash flow for the next ten years, each year discounted to today at 8.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 8.8%) |
|---|---|---|---|---|
| 2027 | $199.33M | extrapolated at −4.9% | 0.9189 | $183.16M |
| 2028 | $194.85M | extrapolated at −2.3% | 0.8443 | $164.51M |
| 2029 | $194.02M | extrapolated at −0.4% | 0.7758 | $150.52M |
| 2030 | $195.67M | extrapolated at 0.9% | 0.7129 | $139.48M |
| 2031 | $199.08M | extrapolated at 1.7% | 0.6550 | $130.4M |
| 2032 | $203.8M | extrapolated at 2.4% | 0.6019 | $122.66M |
| 2033 | $209.52M | extrapolated at 2.8% | 0.5530 | $115.88M |
| 2034 | $216.05M | extrapolated at 3.1% | 0.5082 | $109.79M |
| 2035 | $223.24M | extrapolated at 3.3% | 0.4669 | $104.24M |
| 2036 | $231.01M | extrapolated at 3.5% | 0.4291 | $99.12M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.32B |
| Terminal value: cash flow 2036 × (1 + 3.8%) / (8.8% − 3.8%) | $4.8B |
| Present value of terminal value (× 0.4291) | $2.06B |
| Equity value (sum plus present value of terminal value) | $3.38B |
| Shares (diluted) | 51.01M |
| Value per share (equity value divided by shares) | $66.23 |
| Earnings per share, last twelve months | $4.33 |
| × 14 (industry P/E) | $60.53 |
| Fair value (average of both parts) | $63.38 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Jan 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.