What is URBN's DCF valuation?

Urban Outfitters Inc (URBN) DCF Valuation Analysis

Executive Summary

As of April 3, 2026, Urban Outfitters Inc has a Discounted Cash Flow (DCF) derived fair value of $103.43 per share. With the current market price at $64.57, this represents a potential upside of 60.2%.

Key Metrics Value
DCF Fair Value (5-year) $87.65
DCF Fair Value (10-year) $103.43
Potential Upside (5-year) 35.7%
Potential Upside (10-year) 60.2%
Discount Rate (WACC) 5.9% - 8.8%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $6165 million in 01-2026 to $10414 million by 01-2036, representing a compound annual growth rate of approximately 5.4%.

Fiscal Year Revenue (USD millions) Growth
01-2026 6165 11%
01-2027 6456 5%
01-2028 6747 5%
01-2029 7231 7%
01-2030 7578 5%
01-2031 8160 8%
01-2032 8382 3%
01-2033 8831 5%
01-2034 9249 5%
01-2035 9868 7%
01-2036 10414 6%

Profitability Projections

Net profit margin is expected to improve from 8% in 01-2026 to 7% by 01-2036, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
01-2026 465 8%
01-2027 480 7%
01-2028 501 7%
01-2029 537 7%
01-2030 563 7%
01-2031 606 7%
01-2032 623 7%
01-2033 656 7%
01-2034 687 7%
01-2035 733 7%
01-2036 774 7%

DCF Model Components

1. Capital Expenditures (CapEx)

with a 5-year average of $221 million. Projected CapEx is expected to maintain at approximately 4% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
01-2027 223
01-2028 241
01-2029 263
01-2030 291
01-2031 308
01-2032 325

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 5
Days Inventory 62
Days Payables 29

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
2027 848 145 275 (5) 433
2028 894 152 288 28 427
2029 963 163 308 40 452
2030 1024 170 323 19 512
2031 1098 184 348 45 522

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 5.9% - 8.8%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 0.5% - 1.5%)
  • Terminal EV/EBITDA Multiple: 5.5x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 87.65 35.7%
10-Year DCF (Growth) 103.43 60.2%
5-Year DCF (EBITDA) 70.21 8.7%
10-Year DCF (EBITDA) 86.61 34.1%

Enterprise Value Breakdown

  • 5-Year Model: $7,493M
  • 10-Year Model: $8,908M

Investment Conclusion

Is Urban Outfitters Inc (URBN) a buy or a sell? Urban Outfitters Inc is definitely a buy. Based on our DCF analysis, Urban Outfitters Inc (URBN) appears to be significantly undervalued with upside potential of 60.2%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.

Key investment drivers include:

  • Steady revenue growth (5.4% CAGR)

Investors should consider a strong buy at the current market price of $64.57.