CASY · Intrinsic value
Is Casey's General Stores, Inc. (CASY) overvalued or undervalued?
Casey's General Stores, Inc. (CASY) trades at the delayed market price of $691.70 a share. That price already implies revenue growth of 9.1% a year for 5 years. TickerWorth's fair value is $585.02 a share (priced within our range of $184.93 – $769.95). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is CASY fairly valued?
- Fair value
- $585.02
- Market price
- $691.70
- Downside to fair value
- 15.4%
- Verdict
- Priced within our range of $184.93 – $769.95
Reverse DCF: Today's price implies revenue growth of 9.1% a year for 5 years; our model assumes 13.9% a year on average over the same horizon.
What is CASY's TickerWorth Score?
Scores lower than most companies we compare it with
Compared with Consumer Cyclical companies in US
Its strongest point: growing quickly. Its weakest: looks expensive on the numbers.
- Value · 32 of 100
Cheaper than 32% of Consumer Cyclical companies in US
- Price vs worth · 38 of 100
- Quality · 35 of 100
More profitable than 35% of Consumer Cyclical companies in US
- Financial health · 49 of 100
Financially stronger than 49% of Consumer Cyclical companies in US
- Growth · 61 of 100
Growing faster than 61% of Consumer Cyclical companies in US
- Momentum · 50 of 100
Outperformed 50% of Consumer Cyclical companies in US over the past year
Confidence: High confidence · Scored
Get the Undervalued Company of the Week.
CASY DCF valuation, input by input
TickerWorth's fair value for Casey's General Stores, Inc. (CASY) is $585.02 a share, against the delayed market price of $691.70 (priced within our range of $184.93 – $769.95). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values CASY at about $769.95 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Casey's General Stores, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 7.8%, with a long-run terminal growth rate of 2.5%. About 80% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 9.1% annual revenue growth for CASY. Our base case instead compounds to about 13.9% a year over the same forecast, so the market is pricing in slower growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CASY's modeled DCF value ranges from about $514.41 to $1,484 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Casey's General Stores, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CASY's intrinsic value. Figures update as new filings and prices come in.
Every input behind CASY's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | $18,672,330,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 6.5% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 24% → 19% → 14% → 9% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.2% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.59 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 37M |
| Market priceLast known price · as of 2026-10-19 20:13 UTC | $691.70 |
Change CASY's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Casey's General Stores, Inc. do?
What does it do?
Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names in the United States. Its stores offer pizza, donuts, hot breakfast items, and sandwiches; and beverages, tobacco and nicotine products. It operates in the Specialty Retail industry (Consumer Cyclical sector), headquartered in United States. The company employs roughly 23,490 people.
How does it make money?
The business turns $17.6B in annual revenue into profit. Out of every $100 of sales, about $6 is left as operating profit (operating margin of 6.5%), after a 24% gross margin on the products/services it sells. After all costs, taxes and interest, 4.1% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.7× equity), can just cover its short-term bills (1.0× current ratio), and is currently profitable.
Who at CASY filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Heiden Cara Kay | Director | Option exercise | — | Form 4 for Heiden Cara Kay (opens sec.gov in a new tab) | |
| SUTULA STANLEY J III | Director | Option exercise | — | Form 4 for SUTULA STANLEY J III (opens sec.gov in a new tab) | |
| Spanos Mike | Director | Option exercise | — | Form 4 for Spanos Mike (opens sec.gov in a new tab) | |
| Frieson Donald | Director | Option exercise | — | Form 4 for Frieson Donald (opens sec.gov in a new tab) | |
| Trojan Greg | Director | Option exercise | — | Form 4 for Trojan Greg (opens sec.gov in a new tab) | |
| RENDA LARREE M | Director | Option exercise | — | Form 4 for RENDA LARREE M (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is CASY's intrinsic value?
TickerWorth's blended fair value for Casey's General Stores, Inc. (CASY) is $585.02 per share, versus a market price of $691.70 (priced within our range of $184.93 – $769.95).
Is CASY overvalued or undervalued?
Priced within our range of $184.93 – $769.95 at $691.70. We don't call CASY overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for CASY?
A WACC of 7.8% and a terminal growth rate of 2.5%.
Is Casey's General Stores stock undervalued?
TickerWorth's fair value for Casey's General Stores, Inc. (CASY) is $585.02 against a market price of $691.70. Our read: Priced within our range of $184.93 – $769.95. This is a model estimate, not investment advice.
Casey's General Stores (CASY) DCF valuation and fair value
Our fair value for Casey's General Stores, Inc. (CASY) is $585.02, built on a 7.8% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Casey's General Stores stock?
Today's price implies revenue growth of 9.1% a year for 5 years; our model assumes 13.9% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $691.70. A model estimate, not investment advice.
Casey's General Stores (CASY) insider trading
The most recent insider filing (SEC Form 4) for Casey's General Stores, Inc. (CASY): Heiden Cara Kay, Director, option exercise on 2026-09-02. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.