Nathan's Famous (NATH) DCF: History & Chart

Nathan's Famous, Inc.(NATH)

Restaurants · Jericho, NY

$101.68+0.16 (+0.16%)

Delayed quote: Oct 6, 2026, 11:54 AM EDT

About Nathan's Famous, Inc.

Nathan's Famous, Inc. (NATH) operates primarily within the foodservice sector, encompassing both direct operations and an extensive licensing model. The company manages and licenses out restaurant locations operating under the iconic Nathan's Famous banner, while also distributing a wide array of products featuring their well-known trademarks across numerous retail and commercial outlets. A significant portion of their business revolves around licensing agreements. These arrangements empower other entities to manufacture, market, and sell Nathan's Famous branded goods. This includes refrigerated consumer packages of items like hot dogs, sausages, and corned beef, along with other prepared meat products, all destined for resale through major retail channels such as supermarkets, grocery stores, mass merchandisers, and club stores. Further expanding its reach, Nathan's Famous also grants licenses for: the bulk production of hot dogs and sausages specifically for the broader foodservice industry; the supply of their signature natural casing and skinless hot dogs in bulk for use within their own restaurant network; the creation of proprietary spice blends; and the manufacturing and distribution of complementary items like sauerkraut, pickles, French fries, and onion rings for retail. Moreover, licenses extend to a range of frozen appetizers such as miniature bagel dogs, franks-in-a-blanket, mozzarella sticks, and various other hors d'oeuvres, which are distributed via club stores, supermarkets, and a host of other food retailers. Beyond licensing, the company directly supplies its Nathan's brand items to foodservice operators and distributors. Additionally, it offers fish fillets under the Arthur Treacher's brand. As of March 27, 2022, the company's restaurant footprint included four establishments directly owned and operated within the New York City metropolitan area, alongside 239 franchised locations spanning 18 U.S. states and 12 international territories. Established in 1916, Nathan's Famous, Inc. maintains its headquarters in Jericho, New York.

Jericho, NY

129 employees

www.nathansfamous.com

Consumer Cyclical / Restaurants

Sector: Consumer Cyclical
Industry: Restaurants
CEO: Eric Gatoff

View full financials

Nathan's Famous, Inc. (NATH) DCF Valuation

Price is BELOW the estimated range

$118.38

$237.50

Model scenario range

$101.68

Today's price

TGM's two-stage DCF values Nathan's Famous, Inc. (NATH) between $118.38 and $237.50 depending on assumptions, with a base case of $164.23. Growth is taken from the company's own record (blend of 5-year revenue and FCF growth), fading to 2.5% long-run; the discount rate (7.5%) reflects its beta.

What would today's price require?

Growth the price assumes+4.8%/yr

Actual FCF growth, last 5 years+18.0%/yr

$101.68 is justified only if free cash flow grows about +4.8% a year (fading to 2.5% long-run) at a 7.5% required return — slower than the company has actually grown.

Scenario	FCF growth (fading to 2.5%)	Discount	Value / share
Conservative	12.8%/yr	8.5%	$118.38
Base case	15.8%/yr	7.5%	$164.23
Optimistic	18.8%/yr	6.5%	$237.50
Third-party model estimate (FMP)	independent reference · retrieved Oct 6, 2026 · assumptions not provided		$154.33

The FMP figure is a third-party point estimate. Its cash-flow forecast, discount rate, terminal growth, and valuation date are not included in the stored response, so TGMCharts presents it only as a reference—not as an intrinsic-value conclusion or price target.

Price|PE Ratio|FCF Yield|All Metrics

Current Price

$101.68

Market-Implied Growth

+4.8%/yr

vs +18.0% 5Y actual

Model Scenario Range

$118.38 – $237.50

model output — not a price target

NATH DCF Fair Value Calculator

Edit the assumptions to see how they change the estimated fair value. Opens seeded with TGM's data-driven base case for NATH (growth from its own 5-year record, discount from its beta), so the sandbox starts where the scenarios above leave off. Illustrative model — not investment advice.

FCF Growth Rate15.8%/yr

Historical FCF CAGR: 3Y -2.8% · 5Y 18.0% · 10Y 7.2%

Discount Rate (WACC)7.5%

Terminal Growth2.5%

Projection Years10yr

Base inputs: FCF $19.4M · 0.00B shares · net debt $23.7M

Estimated Fair Value

$164.23

+61.5% vs $101.68

Current price$101.68

Third-party model estimate (FMP)$154.33

Sensitivity — fair value by discount rate × terminal growth

How the estimated fair value shifts with the discount rate (WACC) and terminal growth, holding your 15.8%/yr FCF growth and 10-year horizon fixed. Green = above today's $101.68; red = below. Your current case is outlined.

WACC ↓ / Terminal →	1.50%	2.00%	2.50%	3.00%	3.50%
5.5%	$217	$246	$284	$338	$418
6.5%	$170	$188	$209	$237	$274
7.5%	$139	$151	$164	$181	$202
8.5%	$117	$125	$134	$145	$158
9.5%	$101	$106	$113	$121	$130