JELD-WEN Holding, Inc.

JELD

IndustrialsConstructionNYSE

$1.70

Market Cap: $146.46M

JELD-WEN Holding, Inc. (JELD) Valuation Summary

Updated May 11, 2026 06:10

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.10 – $254.29	$30.50	+1694.0%
Revenue DCF 10Y	$3.05 – $166.97	$14.18	+733.9%
▸ Trading Multiples
EV/Revenue	$0.55 – $75.93	$26.11	+1435.6%

Valuation History

DCF Analysis

JELD-WEN Holding, Inc. (JELD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$14.18

Market Price

$1.70

Upside / Downside

+733.9%

Verdict

Undervalued

Using a Revenue DCF model with operating margin convergence from -1.3% to a target of 10.3% over 5 years, discounted at a WACC of 5.9%, JELD-WEN Holding, Inc. (JELD) has an intrinsic value of $14.18 per share (range: $3.05 – $166.97).

Key Assumptions

Current Operating Margin

-1.3%

Target Operating Margin

10.3%

WACC

5.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.8%

Target CapEx/Rev

6.0%

D&A/Revenue

3.3%

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	3,095	-3.6%	1.1%	33	20	102	(97)	-33	58	56
2027	3,163	2.2%	3.4%	107	64	105	(109)	12	47	43
2028	3,264	3.2%	5.7%	185	111	108	(123)	17	78	68
2029	3,055	-6.4%	8.0%	244	146	101	(125)	-36	158	130
2030	2,860	-6.4%	10.3%	295	177	95	(126)	-34	179	138
2031	2,722	-4.8%	10.3%	280	168	90	(129)	-24	153	112
2032	2,633	-3.3%	10.3%	271	163	87	(133)	-15	132	91
2033	2,589	-1.7%	10.3%	267	160	86	(139)	-8	114	74
2034	2,585	-0.1%	10.3%	266	160	86	(147)	-1	99	61
2035	2,622	1.4%	10.3%	270	162	87	(157)	6	85	49

Enterprise Value Bridge

Sum of PV(FCFF)822

Terminal Value (Gordon Growth at 3.0%)3,008

PV of Terminal Value1,743

Enterprise Value2,565

(–) Net Debt1,354

Equity Value1,210

(÷) Shares Outstanding85

Fair Value per Share$14.18

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
3.9%	$-13	$26	$73	$120	$167
4.9%	$-13	$6	$28	$51	$73
5.9%	$-13	$-1	$14	$29	$44
6.9%	$-13	$-4	$7	$18	$29
7.9%	$-13	$-6	$3	$12	$21

Current price: $1.70. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 17.3% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

JELD-WEN Holding, Inc. (JELD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$30.50

Market Price

$1.70

Upside / Downside

+1694.0%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-1.3%

Target Operating Margin

10.3%

WACC

5.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.8%

Target CapEx/Rev

6.0%

D&A/Revenue

3.3%

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	3,095	-3.6%	1.1%	33	20	102	(107)	-33	48	46
2027	3,163	2.2%	3.4%	107	64	105	(130)	12	27	25
2028	3,264	3.2%	5.7%	185	111	108	(154)	17	47	41
2029	3,055	-6.4%	8.0%	244	146	101	(164)	-36	120	98
2030	2,860	-6.4%	10.3%	295	177	95	(172)	-34	134	103

Enterprise Value Bridge

Sum of PV(FCFF)313

Terminal Value (Gordon Growth at 3.0%)4,721

PV of Terminal Value3,645

Enterprise Value3,959

(–) Net Debt1,354

Equity Value2,604

(÷) Shares Outstanding85

Fair Value per Share$30.50

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
3.9%	$19	$78	$136	$195	$254
4.9%	$0	$28	$56	$84	$111
5.9%	$-6	$12	$31	$49	$67
6.9%	$-8	$5	$18	$31	$45
7.9%	$-10	$0	$11	$21	$32

Current price: $1.70. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 17.3% 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

$26.11

Market Price

$1.70

Upside / Downside

+1435.6%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), JELD-WEN Holding, Inc. (JELD) has a fair value of $26.11 based on 7 comparable companies in the Construction industry.

EV/Revenue Valuation — Construction

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
JELD-WEN Holding, Inc.JELD	145	0.5x	0.4x
Babcock & Wilcox Enterprises, Inc.BW	1,533	3.1x	2.1x
Euroseas Ltd.ESEA	516	2.4x	2.7x
The Manitowoc Company, Inc.MTW	472	0.4x	0.4x
Magnera Corp.MAGN	430	0.7x	1.3x
Concrete Pumping Holdings, Inc.BBCP	402	2.0x	1.8x
Matrix Service CompanyMTRX	343	0.2x	0.2x
Wabash National CorporationWNC	317	0.5x	0.3x
Industry Median		0.7x	1.3x
(*) Revenue		3,211	3,727
= Enterprise Value		2,145	5,022
(-) Net Debt		1,354	1,354
Equity Value		790	3,668
(/) Outstanding shares		85	85
Fair Price		$9	$43

Selected Fair Value (avg of trailing + forward)

$26.11

+1435.6%

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

$0.10 – $254.29

$30.50

+1694.0%

Revenue DCF 10Y

$3.05 – $166.97

$14.18

+733.9%

▸ Trading Multiples

EV/Revenue

$0.55 – $75.93

$26.11

+1435.6%

DCF Analysis

JELD-WEN Holding, Inc. (JELD) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$14.18

Market Price

$1.70

Upside / Downside

+733.9%

Verdict

Undervalued

Key Assumptions

Current Operating Margin

-1.3%

Target Operating Margin

10.3%

WACC

5.9%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

2.8%

Target CapEx/Rev

6.0%

D&A/Revenue

3.3%

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	3,095	-3.6%	1.1%	33	20	102	(97)	-33	58	56
2027	3,163	2.2%	3.4%	107	64	105	(109)	12	47	43
2028	3,264	3.2%	5.7%	185	111	108	(123)	17	78	68
2029	3,055	-6.4%	8.0%	244	146	101	(125)	-36	158	130
2030	2,860	-6.4%	10.3%	295	177	95	(126)	-34	179	138
2031	2,722	-4.8%	10.3%	280	168	90	(129)	-24	153	112
2032	2,633	-3.3%	10.3%	271	163	87	(133)	-15	132	91
2033	2,589	-1.7%	10.3%	267	160	86	(139)	-8	114	74
2034	2,585	-0.1%	10.3%	266	160	86	(147)	-1	99	61
2035	2,622	1.4%	10.3%	270	162	87	(157)	6	85	49

Enterprise Value Bridge

Sum of PV(FCFF)822

Terminal Value (Gordon Growth at 3.0%)3,008

PV of Terminal Value1,743

Enterprise Value2,565

(–) Net Debt1,354

Equity Value1,210

(÷) Shares Outstanding85

Fair Value per Share$14.18

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	4.3%	7.3%	10.3%	13.3%	16.3%
3.9%	$-13	$26	$73	$120	$167
4.9%	$-13	$6	$28	$51	$73
5.9%	$-13	$-1	$14	$29	$44
6.9%	$-13	$-4	$7	$18	$29
7.9%	$-13	$-6	$3	$12	$21

Current price: $1.70. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 17.3% 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

$26.11

Market Price

$1.70

Upside / Downside

+1435.6%

Verdict

Undervalued

Using the industry peer median EV/Revenue multiple (trailing + forward), JELD-WEN Holding, Inc. (JELD) has a fair value of $26.11 based on 7 comparable companies in the Construction industry.

EV/Revenue Valuation — Construction

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
JELD-WEN Holding, Inc.JELD	145	0.5x	0.4x
Babcock & Wilcox Enterprises, Inc.BW	1,533	3.1x	2.1x
Euroseas Ltd.ESEA	516	2.4x	2.7x
The Manitowoc Company, Inc.MTW	472	0.4x	0.4x
Magnera Corp.MAGN	430	0.7x	1.3x
Concrete Pumping Holdings, Inc.BBCP	402	2.0x	1.8x
Matrix Service CompanyMTRX	343	0.2x	0.2x
Wabash National CorporationWNC	317	0.5x	0.3x
Industry Median		0.7x	1.3x
(*) Revenue		3,211	3,727
= Enterprise Value		2,145	5,022
(-) Net Debt		1,354	1,354
Equity Value		790	3,668
(/) Outstanding shares		85	85
Fair Price		$9	$43

Selected Fair Value (avg of trailing + forward)

$26.11

+1435.6%