Addus HomeCare Corporation (ADUS) 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

+13.0%

$142.09

vs $125.75 price

Levered DCF

$201.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

6.52

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	20.69×	28.95×	23.75×	34.31×	32.58×	55.23×	53.13×	51.04×
P/B	1.83×	2.2×	2.13×	2.53×	2.56×	3.57×	2.82×	3.23×
P/S	1.39×	1.85×	1.42×	1.69×	1.7×	2.42×	2.07×	1.72×
EV / EBITDA	13.74×	19.12×	15.18×	20.48×	19.41×	34.06×	28.02×	24.6×
Gross margin	32.5%	32.5%	32.1%	31.5%	31.2%	29.6%	27.6%	26.7%
Operating margin	9.7%	8.9%	8.6%	7.2%	7.6%	5.8%	5.4%	4.4%
Net margin	6.7%	6.4%	5.9%	4.8%	5.2%	4.3%	3.9%	3.4%
Current ratio	1.8×	1.67×	1.38×	1.7×	2.76×	2×	3.08×	2.86×
Debt / equity	0.19×	0.28×	0.25×	0.28×	0.46×	0.46×	0.17×	0.06×
Interest coverage	14.46×	13.28×	8.19×	7.72×	11.36×	13.96×	11.19×	4.55×
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	8.8%	7.6%	8.8%	7.3%	7.9%	6.4%	5.3%	6.4%
Return on invested capital	8.0%	6.0%	7.9%	6.4%	5.9%	4.6%	4.9%	6.4%
Return on assets	6.7%	5.2%	6.1%	4.9%	4.8%	3.7%	4.0%	4.9%
Free cash flow yield	5.2%	5.2%	6.8%	6.0%	2.4%	5.5%	0.6%	3.1%
Earnings yield	4.8%	3.5%	4.1%	2.9%	3.1%	1.8%	1.9%	2.0%
Enterprise value	$2.1B	$2.3B	$1.6B	$1.7B	$1.6B	$1.9B	$1.3B	$837.9M
Net debt / EBITDA	0.83×	1.44×	1.04×	1.18×	1.17×	1.65×	-0.65×	-1.56×
Cash conversion cycle (days)	35	30	27	36	50	48	71	59