Unifi, Inc.

UFI

Consumer CyclicalApparel - ManufacturersNYSE

$4.04

Market Cap: $75.07M

Unifi, Inc. (UFI) Valuation Summary

Updated May 11, 2026 04:19

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.07 – $54.22	$16.12	+299.0%
Revenue DCF 10Y	$0.34 – $30.37	$6.33	+56.6%
▸ Trading Multiples
EV/Revenue	$6.91 – $56.65	$14.70	+263.8%

Valuation History

DCF Analysis

Unifi, Inc. (UFI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$6.33

Market Price

$4.04

Upside / Downside

+56.6%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -1.7% to a target of 7.7% over 5 years, discounted at a WACC of 8.3%, Unifi, Inc. (UFI) has an intrinsic value of $6.33 per share (range: $0.34 – $30.37).

Key Assumptions

Current Operating Margin

-1.7%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.5%

Target CapEx/Rev

6.0%

D&A/Revenue

4.0%

Tax Rate

40.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.8%	0.2%	1	1	21	(20)	-26	27	26
2027	602	14.3%	2.1%	13	8	24	(24)	21	-13	-12
2028	551	-8.5%	4.0%	22	13	22	(23)	-14	26	21
2029	504	-8.5%	5.8%	29	18	20	(23)	-13	28	21
2030	461	-8.5%	7.7%	36	21	18	(22)	-12	29	21
2031	431	-6.6%	7.7%	33	20	17	(22)	-8	24	15
2032	410	-4.7%	7.7%	32	19	16	(22)	-5	19	12
2033	399	-2.8%	7.7%	31	18	16	(22)	-3	15	9
2034	396	-0.8%	7.7%	31	18	16	(23)	-1	12	6
2035	400	1.1%	7.7%	31	19	16	(24)	1	9	4

Enterprise Value Bridge

Sum of PV(FCFF)123

Terminal Value (Gordon Growth at 3.0%)182

PV of Terminal Value86

Enterprise Value209

(–) Net Debt93

Equity Value116

(÷) Shares Outstanding18

Fair Value per Share$6.33

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$-3	$2	$11	$21	$30
7.2%	$-3	$1	$8	$16	$23
8.3%	$-3	$0	$6	$12	$18
9.3%	$-3	$-0	$5	$10	$15
10.3%	$-3	$-0	$4	$8	$13

Current price: $4.04. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 27.3% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Unifi, Inc. (UFI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$16.12

Market Price

$4.04

Upside / Downside

+299.0%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -1.7% to a target of 7.7% over 5 years, discounted at a WACC of 8.3%, Unifi, Inc. (UFI) has an intrinsic value of $16.12 per share (range: $0.07 – $54.22).

Key Assumptions

Current Operating Margin

-1.7%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.5%

Target CapEx/Rev

6.0%

D&A/Revenue

4.0%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.8%	0.2%	1	1	21	(21)	-26	26	25
2027	602	14.3%	2.1%	13	8	24	(27)	21	-16	-14
2028	551	-8.5%	4.0%	22	13	22	(28)	-14	21	18
2029	504	-8.5%	5.8%	29	18	20	(28)	-13	23	17
2030	461	-8.5%	7.7%	36	21	18	(28)	-12	24	17

Enterprise Value Bridge

Sum of PV(FCFF)62

Terminal Value (Gordon Growth at 3.0%)466

PV of Terminal Value326

Enterprise Value388

(–) Net Debt93

Equity Value295

(÷) Shares Outstanding18

Fair Value per Share$16.12

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$5	$18	$30	$42	$54
7.2%	$3	$12	$21	$31	$40
8.3%	$1	$9	$16	$24	$31
9.3%	$0	$6	$13	$19	$25
10.3%	$-1	$5	$10	$15	$21

Current price: $4.04. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 27.3% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$14.70

Market Price

$4.04

Upside / Downside

+263.8%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Unifi, Inc. (UFI) has a fair value of $14.70 based on 6 comparable companies in the Apparel - Manufacturers industry.

EV/Revenue Valuation — Apparel - Manufacturers

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Unifi, Inc.UFI	74	0.3x	0.3x
Full House Resorts, Inc.FLL	107	2.0x	2.1x
Tron Inc.TRON	77	14.0x	—
Red Robin Gourmet Burgers, Inc.RRGB	67	0.5x	0.4x
The Cato CorporationCATO	52	0.3x	0.2x
Allbirds, Inc.BIRD	46	0.4x	0.3x
GreenPower Motor Company Inc.GP	3	1.2x	0.6x
Industry Median		0.8x	0.4x
(*) Revenue		571	584
= Enterprise Value		462	263
(-) Net Debt		93	93
Equity Value		369	169
(/) Outstanding shares		18	18
Fair Price		$20	$9

Selected Fair Value (avg of trailing + forward)

$14.70

+263.8%

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.07 – $54.22

$16.12

+299.0%

Revenue DCF 10Y

$0.34 – $30.37

$6.33

+56.6%

▸ Trading Multiples

EV/Revenue

$6.91 – $56.65

$14.70

+263.8%

DCF Analysis

Unifi, Inc. (UFI) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$6.33

Market Price

$4.04

Upside / Downside

+56.6%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-1.7%

Target Operating Margin

7.7%

WACC

8.3%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

3.5%

Target CapEx/Rev

6.0%

D&A/Revenue

4.0%

Tax Rate

40.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	D&A	CapEx	ΔNWC	FCFF	PV(FCFF)
2026	527	-7.8%	0.2%	1	1	21	(20)	-26	27	26
2027	602	14.3%	2.1%	13	8	24	(24)	21	-13	-12
2028	551	-8.5%	4.0%	22	13	22	(23)	-14	26	21
2029	504	-8.5%	5.8%	29	18	20	(23)	-13	28	21
2030	461	-8.5%	7.7%	36	21	18	(22)	-12	29	21
2031	431	-6.6%	7.7%	33	20	17	(22)	-8	24	15
2032	410	-4.7%	7.7%	32	19	16	(22)	-5	19	12
2033	399	-2.8%	7.7%	31	18	16	(22)	-3	15	9
2034	396	-0.8%	7.7%	31	18	16	(23)	-1	12	6
2035	400	1.1%	7.7%	31	19	16	(24)	1	9	4

Enterprise Value Bridge

Sum of PV(FCFF)123

Terminal Value (Gordon Growth at 3.0%)182

PV of Terminal Value86

Enterprise Value209

(–) Net Debt93

Equity Value116

(÷) Shares Outstanding18

Fair Value per Share$6.33

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
6.3%	$-3	$2	$11	$21	$30
7.2%	$-3	$1	$8	$16	$23
8.3%	$-3	$0	$6	$12	$18
9.3%	$-3	$-0	$5	$10	$15
10.3%	$-3	$-0	$4	$8	$13

Current price: $4.04. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 27.3% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$14.70

Market Price

$4.04

Upside / Downside

+263.8%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Unifi, Inc. (UFI) has a fair value of $14.70 based on 6 comparable companies in the Apparel - Manufacturers industry.

EV/Revenue Valuation — Apparel - Manufacturers

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Unifi, Inc.UFI	74	0.3x	0.3x
Full House Resorts, Inc.FLL	107	2.0x	2.1x
Tron Inc.TRON	77	14.0x	—
Red Robin Gourmet Burgers, Inc.RRGB	67	0.5x	0.4x
The Cato CorporationCATO	52	0.3x	0.2x
Allbirds, Inc.BIRD	46	0.4x	0.3x
GreenPower Motor Company Inc.GP	3	1.2x	0.6x
Industry Median		0.8x	0.4x
(*) Revenue		571	584
= Enterprise Value		462	263
(-) Net Debt		93	93
Equity Value		369	169
(/) Outstanding shares		18	18
Fair Price		$20	$9

Selected Fair Value (avg of trailing + forward)

$14.70

+263.8%