BJ's Wholesale Club Holdings, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $358.2M trailing FCF base; 9% annual FCF growth years 1-5; 6% years 6-10; 7.5% discount rate; 2.5% terminal growth; $2.74B net debt; 126.31M shares outstanding.

Reasoning: BJ's is a stable, defensive warehouse-club operator with recurring membership fee income and an active club-expansion program (targeting roughly 12 new clubs per year); the below-market discount rate reflects low-beta, non-discretionary demand, while high-single-digit growth reflects club count growth plus membership fee increases before moderating to GDP-like terminal growth.