Abacus Global Management, Inc. (ABX) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+2261.8%

$204.89

vs $8.68 price

Levered DCF

-$281.66

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.79

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	22.5×	-23.03×	56.82×	16.13×	498.48×	774.81×
P/B	1.96×	1.31×	3.36×	18.78×	543.3×	245.34×
P/S	3.49×	4.95×	8.29×	11.45×	22.01×	417.45×
EV / EBITDA	10.85×	119.59×	28.02×	14.65×	483.65×	772.28×
Gross margin	71.9%	89.8%	90.2%	86.8%	37.1%	58.0%
Operating margin	37.0%	-0.8%	36.3%	75.3%	4.1%	54.1%
Net margin	15.5%	-21.4%	14.3%	70.9%	4.4%	54.1%
Current ratio	0.47×	2.55×	1.36×	25.55×	0.2×	1.31×
Debt / equity	0.98×	0.91×	0.86×	1.04×	1.15×	0.07×
Interest coverage	2.24×	-0.05×	2.45×	786.61×	0×	0×
Dividend yield	2.4%	0.0%	0.0%	0.1%	0.1%	0.1%
Payout ratio	54.3%	0.0%	0.0%	2.1%	35.9%	49.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	8.7%	-5.6%	5.8%	116.3%	109.0%	31.8%
Return on invested capital	7.1%	-0.1%	6.5%	56.4%	51.4%	45.7%
Return on assets	4.0%	-2.7%	2.9%	53.6%	54.2%	45.3%
Free cash flow yield	-3.2%	-37.8%	-11.8%	2.1%	0.2%	0.1%
Earnings yield	4.4%	-4.3%	1.7%	6.2%	0.2%	0.1%
Enterprise value	$1.2B	$808M	$666.3M	$510M	$498.1M	$511.3M
Net debt / EBITDA	3.39×	37.59×	4.88×	-0.05×	0.92×	0.02×
Cash conversion cycle (days)	43	87	18	-1	10	22