Boot Barn Holdings Inc. Common Stock (BOOT)

FairStock Score: 59/100 — STEADY

Key Financials

Strengths

• Generates $6 million in annual free cash flow (0.1% yield on market cap)
• Strong Piotroski F-Score of 9/9 indicating robust financial health across profitability, leverage, and efficiency metrics
• Solid return on equity of 18.4% above cost of capital
• Altman Z-Score of 4.1 confirms minimal bankruptcy risk and strong solvency
• Revenue growth of 16.0% demonstrates strong top-line momentum

Concerns

• Trades significantly above Graham Number ($82) with negative 98% margin of safety—limited downside protection

AI Analysis

Boot Barn Holdings Inc. Common Stock is a small-cap consumer cyclical company valued at $5.0 billion. The business generates $2.2 billion in annual revenue with a 4.0% net margin and $6 million in free cash flow. From a quality standpoint, Boot shows near-perfect Piotroski F-Score of 9/9 indicating exceptional financial health and healthy Altman Z-Score of 4.1. On valuation, the stock is reasonably priced at 22.8x earnings, with trades above its Graham Number with a negative 98% margin. Growth dynamics show revenue growing at 16.0% and profit growth of 14.3%. Our composite FairStock Score of 59/100 reflects mixed fundamentals overall. Investors should weigh the business quality against the current price and their own margin of safety requirements.

Bull Case

Boot's 16% revenue growth trajectory could accelerate as it captures additional market share in the consumer cyclical sector. With $6 million in annual free cash flow (0.1% yield), management has ample capital for buybacks, dividends, or accretive acquisitions.

Bear Case

Macro headwinds or sector-specific disruption could pressure margins, particularly if competitive intensity increases in the consumer cyclical space. Regulatory changes, input cost inflation, or demand normalization represent underappreciated risks that could materially impact forward estimates.

Data from SEC filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer