Traeger, Inc.

AI-generated fair value estimate for this company.

Method: 10-year unlevered FCF DCF: $37M normalized unlevered FCF base (~$60M FY2026-guided adjusted EBITDA less ~$15M maintenance capex and ~$8M unlevered cash taxes); 3% annual FCF growth for years 1-5; 2% for years 6-10; 11% discount rate; 2% terminal growth; $364.7M net debt subtracted; 2.80M shares outstanding (post reverse split).

Reasoning: Traeger's revenue is still declining (FY26 guided around -20%) and its ~$424M debt load against a tiny post-reverse-split equity float makes this a leveraged, distressed-value situation, so a conservative unlevered FCF DCF off depressed 2026-level earnings power was used rather than extrapolating historical peak revenue, with an above-average discount rate for the balance-sheet risk.