The Buckle, Inc.

The Buckle, Inc.

BKEยทNYSE

$43.52

-0.37%
Consumer CyclicalApparel - Retail

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.

At a Glance

Live Snapshot
Market Cap$2.24B
EPS4.1700
P/E Ratio10.44
Earnings Date08/14/2026
The Buckle, Inc.

The Buckle, Inc. Fair Value Envelope

BKE ยท NYSE

Our analysis suggests that BKE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $43.52, this represents a potential HIDDEN relative to our calculated worth for The Buckle, Inc..

Intrinsic Value
Current Price: $43.52

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$4.5B
+ Cash & Equivalents$249.5M
Firm Value$4.7B
- Debt$383.8M
Equity Value$4.3B
/ Shares Outstanding51,156,626B
DCF Value$84
UNDERVALUED BY 94%

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
$258.7M
$266.6M
$274.6M
$282.9M
$291.5M
$300.3M
$309.4M
$318.7M
$328.4M
$338.3M
Maintenance CapEx
-$9.3M
-$9.6M
-$9.9M
-$10.2M
-$10.5M
-$10.8M
-$11.2M
-$11.5M
-$11.9M
-$12.2M
Owner Earnings
$249.4M
$256.9M
$264.7M
$272.7M
$280.9M
$289.4M
$298.2M
$307.2M
$316.5M
$326.1M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$230.9M
$220.3M
$210.1M
$200.4M
$191.2M
$182.4M
$174.0M
$166.0M
$158.3M
$151.0M
Terminal Value represents 57.7% of Enterprise Value