Crocs, Inc.

AI-generated fair value estimate for this company.

Method: 10-year 2-stage DCF: $593.4M TTM net income base; 5% annual growth years 1-5 (Crocs brand plus HEYDUDE, post raised full-year 2026 guidance); 3% years 6-10; 10% discount rate; 2.5% terminal growth; -$1,518.7M net debt ($170.3M cash less $1,689.0M debt, largely from the HEYDUDE acquisition); 47.95M shares outstanding.

Reasoning: Crocs is a mature, highly cash-generative footwear brand trading at a historically low P/E despite raised guidance and record quarterly revenue; a conservative growth/discount combination still produces a value well above the current price, consistent with the stock's depressed multiple reflecting lingering HEYDUDE-integration and tariff concerns rather than a deterioration in the core brand's earnings power.