DDSDILLARD'S, INC.— fair value (DCF model)
A deterministic two-stage discounted-cash-flow (DCF) estimate of this company's per-share fair value, and how far it sits above or below the current share price — with the full assumptions, a growth×discount sensitivity grid and the methodology. Every figure is engine-computed from SEC filings, delayed prices and the 10-year Treasury yield, with no LLM. This is a model estimate under disclosed assumptions, not a price target, forecast or investment advice.
The model estimates $549.75 per share — 1.0% below the current price of $555.44.
A deterministic model estimate under the disclosed assumptions (two-stage DCF over as-reported SEC figures; CAPM discount off the 10Y Treasury). NOT a price target, forecast, or investment advice — the sensitivity grid shows how the estimate moves as assumptions change.
Free-cash-flow DCF
The model estimates $549.75 per share — 1.0% below the current price of $555.44.
| Base fiscal year · base amount | FY2025 · $623.6M |
| History years | 10 |
| Historical CAGR (raw) | 4.8% |
| Growth start (year 1) | 4.8% |
| Terminal growth (Gordon) | 3.0% |
| Discount rate (CAPM) | 4.6% + β 1.29 × 5.0% = 11.1% |
| Projection years | 10 |
| Growth ↓ / Discount → | −1pp | −0.5pp | base | +0.5pp | +1pp |
|---|---|---|---|---|---|
| −5pp | $514.91 | $481.49 | $452.20 | $426.32 | $403.28 |
| −2.5pp | $567.37 | $529.98 | $497.23 | $468.30 | $442.56 |
| base | $628.64 | $586.58 | $549.75 | $517.24 | $488.32 |
| +2.5pp | $695.88 | $648.66 | $607.32 | $570.84 | $538.41 |
| +5pp | $769.60 | $716.67 | $670.35 | $629.49 | $593.18 |
Earnings (net-income) DCF
The model estimates $733.56 per share — 32.1% above the current price of $555.44.
| Base fiscal year · base amount | FY2026 · $570.2M |
| History years | 10 |
| Historical CAGR (raw) | 14.5% |
| Growth start (year 1) | 14.5% |
| Terminal growth (Gordon) | 3.0% |
| Discount rate (CAPM) | 4.6% + β 1.29 × 5.0% = 11.1% |
| Projection years | 10 |
| Growth ↓ / Discount → | −1pp | −0.5pp | base | +0.5pp | +1pp |
|---|---|---|---|---|---|
| −5pp | $692.61 | $645.08 | $603.48 | $566.77 | $534.16 |
| −2.5pp | $765.38 | $712.17 | $665.63 | $624.58 | $588.11 |
| base | $844.99 | $785.55 | $733.56 | $687.73 | $647.02 |
| +2.5pp | $932.02 | $865.71 | $807.73 | $756.63 | $711.26 |
| +5pp | $1,027.04 | $953.19 | $888.64 | $831.76 | $781.27 |
Model computed 2026-07-21 · Source: SEC XBRL filings + delayed price + 10Y Treasury yield · For reference only · Not investment advice
How the model works
- Two-stage DCF. Stage 1 projects ten explicit years of cash flow; stage 2 caps it with a Gordon terminal value. The model runs two variants — one over free cash flow, one over earnings (net income) — whenever each is computable.
- Dollar-level projection ÷ current shares. The company-level dollar series is projected and divided by the current share count once at the end. Dollar totals are split-immune, whereas a per-share history mixes pre/post-split bases.
- Linear growth decay. Stage-1 growth starts at the historical CAGR of the base series (clamped into 0%–20%; the raw CAGR is still disclosed) and decays linearly to the terminal rate.
- Gordon terminal growth = min(10-year Treasury yield, 3%). A company cannot outgrow the economy forever; the discount rate must clear the terminal rate by a minimum spread or the value is undefined.
- CAPM discount rate = 10-year Treasury + beta × equity-risk premium (5%). Beta is clamped into 0.6–2.0 (a degenerate regression beta destabilises the model); an unknown beta defaults to 1.0. Every clamp/default is disclosed.
- Honesty gates (absent, never fabricated): at least four annual points with positive first/last values to anchor a CAGR; banks, insurers and REITs are out of model scope (an FCF/earnings DCF structurally misfits their economics); and a result outside 1/8×–8× of the current price is withheld — the assumptions do not fit that business, so no number is shown.
- Sensitivity, not a single oracle number. A 5×5 grid over (growth-start offset × discount offset) shows how the estimate moves as the two key assumptions change — the honest presentation of model uncertainty.
This page is a deterministic model estimate under disclosed assumptions — not a price target, forecast or investment advice. Source: SEC XBRL filings, delayed prices and US Treasury yields; for reference only.