National Vision Holdings, Inc.

National Vision Holdings, Inc.

EYEยทNASDAQ

$16.68

+2.1%
Consumer CyclicalSpecialty Retail

National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services. As of January 1, 2022, the company operated through 1,278 retail stores, as well as various e-commerce websites. National Vision Holdings, Inc. was founded in 1990 and is headquartered in Duluth, Georgia.

At a Glance

Live Snapshot
Market Cap$1.34B
EPS0.3700
P/E Ratio45.08
Earnings Date08/05/2026
National Vision Holdings, Inc.

National Vision Holdings, Inc. Fair Value Envelope

EYE ยท NASDAQ

Our analysis suggests that EYE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $16.68, this represents a potential HIDDEN relative to our calculated worth for National Vision Holdings, Inc..

Intrinsic Value
Current Price: $16.68

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$824.4B
+ Cash & Equivalents$38.7M
Firm Value$824.5B
- Debt$694.6M
Equity Value$823.8B
/ Shares Outstanding79,250,353B
DCF Value$10.4K
UNDERVALUED BY 62217%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$281.7M
$542.5M
$1.0B
$2.0B
$3.9B
$7.5B
$14.4B
$27.7B
$53.3B
$102.6B
Maintenance CapEx
-$28.1M
-$54.0M
-$104.0M
-$200.3M
-$385.8M
-$742.8M
-$1.4B
-$2.8B
-$5.3B
-$10.2B
Owner Earnings
$253.7M
$488.5M
$940.6M
$1.8B
$3.5B
$6.7B
$12.9B
$24.9B
$48.0B
$92.4B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$234.9M
$418.8M
$746.7M
$1.3B
$2.4B
$4.2B
$7.5B
$13.5B
$24.0B
$42.8B
Terminal Value represents 88.2% of Enterprise Value