ACI Worldwide, Inc. (ACIW) 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

+11.9%

$65.37

vs $58.41 price

Levered DCF

$44.29

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

4.13

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	21.93×	26.9×	27.32×	18.4×	31.83×	61.98×	65.32×	46.9×
P/B	3.27×	3.84×	2.51×	2.19×	3.27×	3.71×	3.9×	3.06×
P/S	2.82×	3.43×	2.29×	1.84×	2.97×	3.46×	3.5×	3.18×
EV / EBITDA	11.88×	14.01×	11.75×	9.1×	13.93×	17.29×	20.8×	16.19×
Gross margin	49.0%	50.3%	50.5%	51.0%	53.4%	51.9%	50.9%	57.4%
Operating margin	18.7%	19.3%	15.2%	14.3%	15.3%	11.2%	9.8%	12.5%
Net margin	12.9%	12.7%	8.4%	10.0%	9.3%	5.6%	5.3%	6.8%
Current ratio	1.54×	1.64×	1.36×	1.3×	1.24×	1.28×	1.5×	1.91×
Debt / equity	0.57×	0.67×	0.81×	0.95×	0.9×	1×	1.27×	0.64×
Interest coverage	5.7×	4.25×	2.81×	3.83×	4.66×	2.56×	1.93×	3.03×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.9%	14.3%	9.2%	11.9%	10.3%	6.0%	5.9%	6.6%
Return on invested capital	10.0%	10.1%	7.3%	5.8%	6.2%	4.2%	4.3%	5.1%
Return on assets	7.3%	6.7%	3.5%	4.4%	4.0%	2.1%	2.1%	3.2%
Free cash flow yield	6.2%	6.3%	3.9%	4.0%	4.3%	6.5%	1.9%	4.4%
Earnings yield	4.6%	3.7%	3.7%	5.4%	3.1%	1.6%	1.5%	2.1%
Enterprise value	$5.6B	$6.2B	$4.2B	$3.6B	$5.1B	$5.5B	$5.7B	$3.7B
Net debt / EBITDA	1.42×	1.67×	2.53×	2.54×	2.74×	3.27×	4.78×	2.27×
Cash conversion cycle (days)	148	74	90	78	62	73	82	112