Casey's General Stores Inc (CASY) is overvalued and Dicks Sporting Goods Inc (DKS) is slightly undervalued.
Against our estimates of intrinsic value, DKS trades at the wider discount: a margin of safety of +19%, against -35% for CASY.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $432.79; the price of $584.83 is 35% above that value, and 79% of that value comes from beyond year five.
Leak Score 76/100 on 9 of 12 signals
Discounting its cash flows at 8.3% (average of 3 methods) values the shares at $164.60; the price of $133.94 is 19% below that value, and 79% of that value comes from beyond year five.
Leak Score 35/100 on 3 of 12 signals
| Metric | CASY | DKS |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $584.83 | $133.94 |
| Intrinsic value | $432.79 | $164.60 |
| Margin of safety | -35% | +19% |
| Leak Score | 76/100 (9/12) | 35/100 (3/12) |
| Market cap | $21.6B | $11.9B |
| Revenue growth, 5 years | 18.1% | 12.4% |
| Operating margin | 5.9% | 6.4% |
| Net margin | 4.1% | 4.0% |
| Return on equity | 20.0% | 18.5% |
| Debt to equity | 0.71 | 1.39 |
| P/E | 28.2x | 14.4x |
| Forward P/E | 24.9x | 10.1x |
| P/B | 5.3x | 2.1x |
| Dividend yield | 0.5% | 3.7% |