FND logo

FND FND

UnknownUnknownN/A📅 Scored April 7, 2026
Price at analysis: $48.25
Crucible Score
54.0
C
Quality × Value Composite
KQI — Quality
59.8
C+
Fundamental Quality Index
KVI — Value
46.9
D+
Valuation Attractiveness Index
Crucible Verdict — FND

FND earns a middling C grade with its strongest asset being Moat Durability at 74, though this competitive advantage is undermined by poor Diversification & Resilience at just 42. The stock trades at a modest 9% discount to fair value despite a solid 68% earnings beat rate over recent quarters. The key risk remains FND's concentration vulnerability offsetting its otherwise defensible market position.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality
57.7
Growth Profile
56.4
Moat Durability⚠
73.9
Management Effectiveness⚠
54.1
Diversification & Resilience⚠
42.0
Market Position
54.0
Weakest dimension: Diversification & Resilience (42.0)

◆ KVI Value Dimensions

DCF Margin of Safety
52.9
FCF Yield & Cash Returns
23.3
Relative Valuation
66.7
Growth-Adjusted Value
22.0
Historical Valuation
84.0
Macro Context
48.9

◆ DCF Valuation Scenarios

Bear Case
$30.18
Base Case
$52.41
Bull Case
$82.73
Price at Analysis
$48.25
ScenarioFair ValueRev CAGR (5yr)Terminal MarginWACC
🔴 Bear$30.183.0%5.5%15.3%
🟢 Base$52.415.0%7.0%14.3%
🟢 Bull$82.738.0%9.0%13.3%
Key Assumptions: WACC derived from CAPM using 4.35% risk-free rate, 1.82 beta, and 5.5% ERP yielding ~14.3% base WACC, with +/- 100bps for bear/bull. Revenue growth anchored to recent stalling trajectory (5-yr CAGR ~8%) with operating margins reflecting compression from ~10% to ~6% over the historical period. Capex intensity normalized to ~8.5% of revenue from the elevated ~10% recent average as store expansion matures, and FCF conversion improves as the business scales.

◆ Financial Snapshot

Profitability

Gross Margin41.1%
Operating Margin5.9%
Net Margin4.5%
ROIC5.0%
ROE18.5%

Balance Sheet

Balance SheetCR: 1.33
Cash ConversionFCF/EPS: 0.30x
Capital IntensityCapex/Rev: 6.8%
Altman Z-Score2.58 (Grey)
Piotroski F-Score5/9 (Mixed)

Growth

Revenue CAGR8.1% CAGR
Earnings CAGR-7.4% CAGR
Growth ConsistencyCV: 0.68
Segment Breadth4/6 growing (67%)
Quarterly TrendRev↘+2%, Margin↓, WC↓, Exp↓
Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership1.8%
Insider ActivityNeutral
Capital AllocationROIC 5.0% vs WACC 0.2%
Earnings Beat Rate68% (13/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+
MethodologyAll ScoresCrucible BriefsPerformance@KaladinCI

Analysis conducted April 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.

© 2026 Kaladin Capital Intelligence — Conviction Through Scrutiny