Birkenstock Holding plc
AI Valuation
AI-generated fair value estimate for this company.
AI Fair Value
$46.55
Market Price
$33.12
Undervalued By
28.9%
Method: 10-year unlevered FCF DCF: $333.8M trailing FCF base; 10% annual FCF growth years 1-5; 7% years 6-10; 8.5% discount rate; 3% terminal growth; $1.42B net debt; 177.89M shares outstanding.
Reasoning: Birkenstock has a premium, pricing-power-driven brand with double-digit revenue growth, a DTC channel shift, and category expansion (closed-toe lines); double-digit near-term FCF growth tapering to high-single-digit reflects continued international/DTC expansion before moderating to a mature footwear-sector terminal growth rate.