BlueLinx Holdings Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $39M normalized FCF base (average of FY2024 FCF $45.07M and FY2025 FCF $32.85M, excluding the FY2023 FCF of $278.77M as a non-repeatable lumber-price-spike outlier); 12% growth year 1, 8% year 2, 5% years 3-5, 3% years 6-10; 9.5% discount rate; 2.5% terminal growth; $320M net debt (average of FY2025 net debt $288.1M and TTM net debt $353.3M); 7.86M shares outstanding.

Reasoning: BlueLinx is a mature, highly cyclical building-products distributor whose cash flow swings enormously with lumber prices and housing activity, so intrinsic value requires normalizing FCF to a mid-cycle level rather than anchoring on any single year, with early growth reflecting the analyst-forecast 2026 cyclical recovery.