a.k.a. Brands Holding Corp.

AKA

Consumer CyclicalSpecialty RetailNYSE

$11.38

Market Cap: $123.12M

a.k.a. Brands Holding Corp. (AKA) Valuation Summary

Updated May 11, 2026 18:28

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$5.27 – $248.57	$20.75	+82.3%
Revenue DCF 10Y	$7.71 – $240.35	$22.23	+95.3%
▸ Trading Multiples
EV/Revenue	-$3.01 – $34.77	$7.29	-36.0%

Valuation History

DCF Analysis

a.k.a. Brands Holding Corp. (AKA) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$22.23

Market Price

$11.38

Upside / Downside

+95.3%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -1.1% to a target of 7.7% over 5 years, discounted at a WACC of 6.5%, a.k.a. Brands Holding Corp. (AKA) has an intrinsic value of $22.23 per share (range: $7.71 – $240.35).

Key Assumptions

Current Operating Margin

-1.1%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.9%

Tax Rate

21.0%

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	631	5.1%	0.6%	4	3	18	(16)	23	-18	-18
2027	662	4.9%	2.4%	16	13	19	(19)	4	8	7
2028	633	-4.3%	4.2%	26	21	18	(21)	-4	22	19
2029	644	1.7%	6.0%	38	30	18	(24)	1	23	19
2030	654	1.7%	7.7%	51	40	19	(27)	1	30	23
2031	667	1.9%	7.7%	51	41	19	(30)	2	28	20
2032	681	2.1%	7.7%	53	41	19	(33)	2	26	17
2033	696	2.3%	7.7%	54	42	20	(36)	2	24	15
2034	714	2.5%	7.7%	55	44	20	(40)	3	21	12
2035	734	2.8%	7.7%	57	45	21	(44)	3	19	10

Enterprise Value Bridge

Sum of PV(FCFF)125

Terminal Value (Gordon Growth at 3.0%)555

PV of Terminal Value305

Enterprise Value430

(–) Net Debt192

Equity Value238

(÷) Shares Outstanding11

Fair Value per Share$22.23

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-23	$-8	$75	$158	$240
5.5%	$-23	$-11	$38	$87	$136
6.5%	$-23	$-12	$22	$57	$91
7.5%	$-23	$-13	$13	$40	$67
8.5%	$-23	$-14	$8	$29	$51

Current price: $11.38. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.1% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

a.k.a. Brands Holding Corp. (AKA) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$20.75

Market Price

$11.38

Upside / Downside

+82.3%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-1.1%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.9%

Tax Rate

21.0%

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	631	5.1%	0.6%	4	3	18	(18)	23	-21	-20
2027	662	4.9%	2.4%	16	13	19	(24)	4	3	2
2028	633	-4.3%	4.2%	26	21	18	(28)	-4	15	13
2029	644	1.7%	6.0%	38	30	18	(34)	1	13	11
2030	654	1.7%	7.7%	51	40	19	(39)	1	18	13

Enterprise Value Bridge

Sum of PV(FCFF)19

Terminal Value (Gordon Growth at 3.0%)524

PV of Terminal Value395

Enterprise Value414

(–) Net Debt192

Equity Value223

(÷) Shares Outstanding11

Fair Value per Share$20.75

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-23	$-8	$78	$163	$249
5.5%	$-23	$-13	$38	$88	$139
6.5%	$-23	$-15	$21	$56	$92
7.5%	$-23	$-16	$11	$39	$66
8.5%	$-23	$-17	$5	$27	$49

Current price: $11.38. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.1% 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

$7.29

Market Price

$11.38

Upside / Downside

-36.0%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), a.k.a. Brands Holding Corp. (AKA) has a fair value of $7.29 based on 9 comparable companies in the Specialty Retail industry.

EV/Revenue Valuation — Specialty Retail

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
a.k.a. Brands Holding Corp.AKA	122	0.5x	0.5x
Playboy, Inc.PLBY	156	2.6x	4.0x
1stdibs.Com, Inc.DIBS	156	1.7x	1.8x
Torrid Holdings Inc.CURV	155	0.6x	0.5x
China Automotive Systems, Inc.CAAS	136	0.3x	0.5x
Traeger, Inc.COOK	120	0.9x	1.1x
Clarus CorporationCLAR	116	0.4x	0.3x
BARK, Inc.BARK	78	0.1x	0.2x
Sportsman's Warehouse Holdings, Inc.SPWH	55	0.4x	0.4x
Texxon Holding Limited Ordinary sharesNPT	31	0.1x	—
Industry Median		0.4x	0.5x
(*) Revenue		600	575
= Enterprise Value		238	301
(-) Net Debt		192	192
Equity Value		47	110
(/) Outstanding shares		11	11
Fair Price		$4	$10

Selected Fair Value (avg of trailing + forward)

$7.29

-36.0%

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

$5.27 – $248.57

$20.75

+82.3%

Revenue DCF 10Y

$7.71 – $240.35

$22.23

+95.3%

▸ Trading Multiples

EV/Revenue

-$3.01 – $34.77

$7.29

-36.0%

DCF Analysis

a.k.a. Brands Holding Corp. (AKA) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$22.23

Market Price

$11.38

Upside / Downside

+95.3%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-1.1%

Target Operating Margin

7.7%

WACC

6.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.1%

Target CapEx/Rev

6.0%

D&A/Revenue

2.9%

Tax Rate

21.0%

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	631	5.1%	0.6%	4	3	18	(16)	23	-18	-18
2027	662	4.9%	2.4%	16	13	19	(19)	4	8	7
2028	633	-4.3%	4.2%	26	21	18	(21)	-4	22	19
2029	644	1.7%	6.0%	38	30	18	(24)	1	23	19
2030	654	1.7%	7.7%	51	40	19	(27)	1	30	23
2031	667	1.9%	7.7%	51	41	19	(30)	2	28	20
2032	681	2.1%	7.7%	53	41	19	(33)	2	26	17
2033	696	2.3%	7.7%	54	42	20	(36)	2	24	15
2034	714	2.5%	7.7%	55	44	20	(40)	3	21	12
2035	734	2.8%	7.7%	57	45	21	(44)	3	19	10

Enterprise Value Bridge

Sum of PV(FCFF)125

Terminal Value (Gordon Growth at 3.0%)555

PV of Terminal Value305

Enterprise Value430

(–) Net Debt192

Equity Value238

(÷) Shares Outstanding11

Fair Value per Share$22.23

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
4.5%	$-23	$-8	$75	$158	$240
5.5%	$-23	$-11	$38	$87	$136
6.5%	$-23	$-12	$22	$57	$91
7.5%	$-23	$-13	$13	$40	$67
8.5%	$-23	$-14	$8	$29	$51

Current price: $11.38. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 14.1% 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

$7.29

Market Price

$11.38

Upside / Downside

-36.0%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), a.k.a. Brands Holding Corp. (AKA) has a fair value of $7.29 based on 9 comparable companies in the Specialty Retail industry.

EV/Revenue Valuation — Specialty Retail

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
a.k.a. Brands Holding Corp.AKA	122	0.5x	0.5x
Playboy, Inc.PLBY	156	2.6x	4.0x
1stdibs.Com, Inc.DIBS	156	1.7x	1.8x
Torrid Holdings Inc.CURV	155	0.6x	0.5x
China Automotive Systems, Inc.CAAS	136	0.3x	0.5x
Traeger, Inc.COOK	120	0.9x	1.1x
Clarus CorporationCLAR	116	0.4x	0.3x
BARK, Inc.BARK	78	0.1x	0.2x
Sportsman's Warehouse Holdings, Inc.SPWH	55	0.4x	0.4x
Texxon Holding Limited Ordinary sharesNPT	31	0.1x	—
Industry Median		0.4x	0.5x
(*) Revenue		600	575
= Enterprise Value		238	301
(-) Net Debt		192	192
Equity Value		47	110
(/) Outstanding shares		11	11
Fair Price		$4	$10

Selected Fair Value (avg of trailing + forward)

$7.29

-36.0%