Crown Crafts, Inc.

CRWS

Consumer CyclicalFurnishings, Fixtures & AppliancesNASDAQ

$2.76

Market Cap: $29.53M

Crown Crafts, Inc. (CRWS) Valuation Summary

Updated Apr 7, 2026 22:18

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$1.00 – $21.41	$2.35	-12.7%
Revenue DCF 10Y	$1.95 – $22.31	$3.28	+21.9%
▸ Trading Multiples
EV/Revenue	$2.35 – $168.56	$2.20	-18.3%

Valuation History

DCF Analysis

Crown Crafts, Inc. (CRWS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.28

Market Price

$2.76

Upside / Downside

+18.8%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from 5.0% to a target of 7.7% over 5 years, discounted at a WACC of 7.0%, Crown Crafts, Inc. (CRWS) has an intrinsic value of $3.28 per share (range: $1.95 – $22.31).

Key Assumptions

Current Operating Margin

5.0%

Target Operating Margin

7.7%

WACC

7.0%

Terminal Growth Rate

2.5%

Historical CapEx/Rev

0.7%

Target CapEx/Rev

7.7%

D&A/Revenue

5.1%

Tax Rate

21.5%

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	89	2.5%	5.6%	5	4	5	(1)	-1	8	8
2027	92	2.5%	6.1%	6	4	5	(2)	1	6	5
2028	94	2.5%	6.7%	6	5	5	(3)	1	6	5
2029	96	2.5%	7.2%	7	5	5	(3)	1	6	5
2030	99	2.5%	7.7%	8	6	5	(4)	1	6	4
2031	101	2.5%	7.7%	8	6	5	(5)	1	5	3
2032	104	2.6%	7.7%	8	6	5	(6)	1	4	3
2033	107	2.7%	7.7%	8	6	5	(7)	1	4	2
2034	110	2.8%	7.7%	8	7	6	(8)	2	3	2
2035	113	2.9%	7.7%	9	7	6	(9)	2	2	1

Enterprise Value Bridge

Sum of PV(FCFF)38

Terminal Value (Gordon Growth at 2.5%)52

PV of Terminal Value27

Enterprise Value65

(–) Net Debt31

Equity Value34

(÷) Shares Outstanding10

Fair Value per Share$3.28

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.0%	$-2	$-0	$7	$14	$22
6.0%	$-2	$-1	$4	$10	$16
7.0%	$-2	$-1	$3	$8	$12
8.0%	$-2	$-1	$3	$6	$9
9.0%	$-2	$-1	$2	$5	$8

Current price: $2.76. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 52.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Crown Crafts, Inc. (CRWS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$2.35

Market Price

$2.76

Upside / Downside

-14.9%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

5.0%

Target Operating Margin

7.7%

WACC

7.0%

Terminal Growth Rate

2.5%

Historical CapEx/Rev

0.7%

Target CapEx/Rev

7.7%

D&A/Revenue

5.1%

Tax Rate

21.5%

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	89	2.5%	5.6%	5	4	5	(2)	-1	7	7
2027	92	2.5%	6.1%	6	4	5	(3)	1	5	4
2028	94	2.5%	6.7%	6	5	5	(5)	1	4	3
2029	96	2.5%	7.2%	7	5	5	(6)	1	3	2
2030	99	2.5%	7.7%	8	6	5	(8)	1	2	2

Enterprise Value Bridge

Sum of PV(FCFF)19

Terminal Value (Gordon Growth at 2.5%)50

PV of Terminal Value37

Enterprise Value55

(–) Net Debt31

Equity Value24

(÷) Shares Outstanding10

Fair Value per Share$2.35

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.0%	$-2	$-2	$6	$14	$21
6.0%	$-2	$-2	$4	$9	$15
7.0%	$-2	$-2	$2	$7	$11
8.0%	$-2	$-2	$2	$5	$8
9.0%	$-2	$-2	$1	$4	$7

Current price: $2.76. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 52.0% 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

$2.20

Market Price

$2.76

Upside / Downside

-20.4%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Crown Crafts, Inc. (CRWS) has a fair value of $2.20 based on 4 comparable companies in the Furnishings, Fixtures & Appliances industry.

EV/Revenue Valuation — Furnishings, Fixtures & Appliances

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Crown Crafts, Inc.CRWS	29	0.7x	0.8x
Noodles & CompanyNDLS	47	0.6x	0.6x
MKDWELL Tech Inc.MKDW	33	20.4x	—
The Brand House Collective, Inc.TBHC	21	0.5x	0.4x
Leslie's, Inc.LESL	12	0.8x	0.7x
Industry Median		0.7x	0.6x
(*) Revenue		87	74
= Enterprise Value		61	46
(-) Net Debt		31	31
Equity Value		30	15
(/) Outstanding shares		10	10
Fair Price		$3	$1

Selected Fair Value (avg of trailing + forward)

$2.20

-20.4%

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

$1.00 – $21.41

$2.35

-12.7%

Revenue DCF 10Y

$1.95 – $22.31

$3.28

+21.9%

▸ Trading Multiples

EV/Revenue

$2.35 – $168.56

$2.20

-18.3%

DCF Analysis

Crown Crafts, Inc. (CRWS) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$3.28

Market Price

$2.76

Upside / Downside

+18.8%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

5.0%

Target Operating Margin

7.7%

WACC

7.0%

Terminal Growth Rate

2.5%

Historical CapEx/Rev

0.7%

Target CapEx/Rev

7.7%

D&A/Revenue

5.1%

Tax Rate

21.5%

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	89	2.5%	5.6%	5	4	5	(1)	-1	8	8
2027	92	2.5%	6.1%	6	4	5	(2)	1	6	5
2028	94	2.5%	6.7%	6	5	5	(3)	1	6	5
2029	96	2.5%	7.2%	7	5	5	(3)	1	6	5
2030	99	2.5%	7.7%	8	6	5	(4)	1	6	4
2031	101	2.5%	7.7%	8	6	5	(5)	1	5	3
2032	104	2.6%	7.7%	8	6	5	(6)	1	4	3
2033	107	2.7%	7.7%	8	6	5	(7)	1	4	2
2034	110	2.8%	7.7%	8	7	6	(8)	2	3	2
2035	113	2.9%	7.7%	9	7	6	(9)	2	2	1

Enterprise Value Bridge

Sum of PV(FCFF)38

Terminal Value (Gordon Growth at 2.5%)52

PV of Terminal Value27

Enterprise Value65

(–) Net Debt31

Equity Value34

(÷) Shares Outstanding10

Fair Value per Share$3.28

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	1.7%	4.7%	7.7%	10.7%	13.7%
5.0%	$-2	$-0	$7	$14	$22
6.0%	$-2	$-1	$4	$10	$16
7.0%	$-2	$-1	$3	$8	$12
8.0%	$-2	$-1	$3	$6	$9
9.0%	$-2	$-1	$2	$5	$8

Current price: $2.76. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 52.0% 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

$2.20

Market Price

$2.76

Upside / Downside

-20.4%

Verdict

Overvalued

EV/Revenue Valuation — Furnishings, Fixtures & Appliances

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Crown Crafts, Inc.CRWS	29	0.7x	0.8x
Noodles & CompanyNDLS	47	0.6x	0.6x
MKDWELL Tech Inc.MKDW	33	20.4x	—
The Brand House Collective, Inc.TBHC	21	0.5x	0.4x
Leslie's, Inc.LESL	12	0.8x	0.7x
Industry Median		0.7x	0.6x
(*) Revenue		87	74
= Enterprise Value		61	46
(-) Net Debt		31	31
Equity Value		30	15
(/) Outstanding shares		10	10
Fair Price		$3	$1

Selected Fair Value (avg of trailing + forward)

$2.20

-20.4%