Cadre Holdings, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $78.12M normalized FCF base (TTM); 8% annual FCF growth yrs 1-5 (bolt-on M&A in safety/survival equipment); 5% yrs 6-10; 9% discount rate; 2.5% terminal growth; $346.07M net debt ($400.05M debt vs. $53.98M cash); 42.82M shares outstanding.

Reasoning: Cadre Holdings is a niche, acquisitive public-safety equipment maker (body armor, duty gear) with resilient government/law-enforcement demand and a track record of FCF growth through accretive acquisitions, warranting a moderate growth premium and a discount rate reflecting its leverage from M&A.