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McRae Industries, Inc (MCRAA) Fair Value & Analysis

Consumer Cyclical · US · Market cap $112M

MI McRae Industries, Inc logo McRae Industries, Inc MCRAA · US
Price$50.50
Fair Value$55.74
Upside+10.4%
Quality55/100
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Mixed Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
0.30% dividend yield
Trails peers (5/15)
Narrow moat 34/100
Evidence: High Range $41.58 – $73.67 Share as image

Fair value as of: Jul 18, 2026

From 24 valuation models · updated 23 days ago

Share price +5.5% over the past month.

A solid business, screening 10% undervalued on our models.

What matters now

  • Our model range runs from $41.58 (bear) to $73.67 (bull), base $55.74. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 55/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$50.72 $14.97 Fair Value $55.74 Jul 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $14.97 – $50.72 · fair‑value band $41.58 – $73.67 · the $50.50 price screens below the $55.74 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

McRae Industries, Inc (MCRAA) currently trades at $50.50, while our model-based Fair Value estimate is $55.74, implying the stock looks roughly 10.4% undervalued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, McRae Industries, Inc generated revenue of $114M at a net margin of 4.2%. Revenue declined 11.2% year over year. It earns a return on equity of 4.7%. The balance sheet holds a net cash position of $30.0M. Fundamentals as of Jul 18, 2026

Our scenario range runs from $41.58 (bear case) to $73.67 (bull case); at $50.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 20% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 10%, MCRAA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $29.32 $32.53 $36.06 80
Residual Income $39.75 $40.58 $39.30 76
Rev-Margin DCF $39.78 $53.46 $67.67 74
All 24 models by family
DCF Models
FCF DCF $29.13 $32.63 $36.62 38
Owner Earnings $48.62 $57.36 $67.34 31
5Y Revenue Exit $39.78 $53.35 $70.10 39
5Y EBITDA Exit $41.20 $55.82 $72.07 41
5Y P/E Exit $53.21 $76.74 $99.99 38
10Y Revenue Exit $33.94 $43.82 $55.81 36
10Y EBITDA Exit $35.42 $45.23 $57.01 37
10Y P/E Exit $41.80 $57.19 $74.04 35
Earnings-Based
Graham-Dodd $27.27 $56.47 $71.33 54
EPV $35.35 $37.66 $39.53 59
Dividend Discount
Gordon GGM $10.49 $14.03 $17.06 70
DDM Multi-Stage $10.49 $13.67 $16.63 61
Multiples
P/E Multiple $66.17 $88.23 $110.29 63
P/S Multiple $51.13 $68.18 $85.22 58
P/B Multiple $51.13 $68.18 $85.22 55
EV/EBIT $68.24 $85.61 $102.98 53
EV/EBITDA $56.79 $70.34 $83.89 54
EV/Revenue $51.26 $66.31 $81.37 43
Asset-Based
NCAV (Graham) $26.90 $36.04 $53.79 50
Growth DCF
Growth DCF $29.32 $32.53 $36.06 80
Rev-Margin DCF $39.78 $53.46 $67.67 74
Economic Profit
Residual Income $39.75 $40.58 $39.30 76
ROIC Compounder $35.35 $37.66 $39.53 72
Growth Earnings
Growth-Adj P/E $48.27 $68.95 $89.64 68

Widest divergence: Growth Earnings ($68.95) versus Dividend Discount ($13.67). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $114M
Revenue growth (YoY) -11.2%
Net margin 4.2%
Return on equity 4.7%
Free cash flow $3.2M FY2025
P/E ratio 12.7
More key figures
Operating margin 2.9%
EPS (TTM) $3.94
Dividend yield 0.3%
EPS growth (YoY) -72.8%
Net cash $30.0M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 76

Profitability 51
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 60
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

McRae Industries, Inc. manufactures, sells, and distributes boot products for the western/lifestyle and work boot markets. It manufactures military combat boots for the United States government. The company offers its products for men, women, and children under the Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear brand names.

Full company description

McRae Industries, Inc. manufactures, sells, and distributes boot products for the western/lifestyle and work boot markets. It manufactures military combat boots for the United States government. The company offers its products for men, women, and children under the Dan Post, Laredo Western Boots, Dingo, McRae Industrial, and McRae Footwear brand names. McRae Industries, Inc. was founded in 1959 and is headquartered in Mount Gilead, North Carolina.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

McRae Industries, Inc reported revenue of $115M in FY2025 versus $82.2M in FY2021, a compound +8.7%/yr. Reported net income was $7.6M in FY2025, compounding +22.6%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$115M
Latest YoY
−6.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Avg. growth/yr (39Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.2%
Revenue +8.7%/yr
FY21 $82.2M
FY22 $125M
FY23 $125M
FY24 $122M
FY25 $115M
Net income +22.6%/yr
FY21 $3.4M
FY22 $10.2M
FY23 $8.1M
FY24 $12.8M
FY25 $7.6M

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Cite: Fair Value Calculator (2026). "McRae Industries, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MCRAA

Peer Group

Footwear & Accessories · 94 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 55 · Below median
Fair Value upside +10% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 12.7× · Cheaper than median
P/B 1.11× · Cheaper than median
P/S (TTM) 0.98× · Pricier than median
P/FCF 35.2× · Pricier than 75% of peers
EV/EBITDA 17.8× · Pricier than 75% of peers
PEG 1.63× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 47 · sector 4
FUTURE 0 · sector 0
PAST 19 · sector 23
HEALTH 99 · sector 97
DIVIDEND 6 · sector 41

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €165.00 €65.71 -60%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥12.11 ¥13.03 +8%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is McRae Industries, Inc (MCRAA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $55.74 versus a price of $50.50, about +10% (undervalued).
What is the fair value of MCRAA?
Our model-based fair value for McRae Industries, Inc is $55.74 (as of Jul 18, 2026), built from audited fundamentals. The current price is $50.50.
What is the quality score of MCRAA?
McRae Industries, Inc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of McRae Industries, Inc (MCRAA)?
McRae Industries, Inc reported trailing-twelve-month revenue of about $114M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MCRAA?
The net profit margin of McRae Industries, Inc is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does McRae Industries, Inc pay a dividend?
McRae Industries, Inc currently shows a dividend yield of about 0.30% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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