Atlas Energy Solutions Inc. (AESI) 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

-98.0%

$0.17

vs $8.57 price

Levered DCF

-$4.17

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.81

Distress zone

Rating

C-

Overall 1 / 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	-22.98×	40.33×	16.4×	7.81×	397.89×	-218.43×
P/B	0.95×	2.32×	1.98×	3.31×	5×	22.68×
P/S	1.05×	2.27×	2.81×	3.51×	9.83×	67.31×
EV / EBITDA	9.46×	12.49×	5.5×	6.69×	25.46×	376.94×
Gross margin	13.8%	22.0%	51.1%	53.1%	37.2%	15.9%
Operating margin	-1.5%	10.8%	43.2%	48.1%	27.3%	-1.1%
Net margin	-4.6%	5.7%	26.1%	45.0%	2.5%	-30.8%
Current ratio	1.46×	1.19×	3.44×	2.02×	2.07×	1.27×
Debt / equity	0.48×	0.51×	0.21×	0.29×	0.52×	0.53×
Interest coverage	-0.28×	2.95×	34.48×	14.72×	1.11×	-0.04×
Dividend yield	8.0%	4.0%	4.5%	2.7%	0.6%	0.0%
Payout ratio	-183.4%	161.6%	48.2%	20.7%	234.9%	-0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-4.2%	5.8%	18.4%	42.4%	1.3%	-10.4%
Return on invested capital	-0.6%	5.1%	19.9%	33.7%	7.6%	-0.2%
Return on assets	-2.3%	3.0%	12.7%	28.9%	0.8%	-6.6%
Free cash flow yield	-2.7%	-4.9%	-3.9%	6.9%	0.1%	0.0%
Earnings yield	-4.4%	2.5%	9.3%	12.8%	0.3%	-0.5%
Enterprise value	$1.7B	$2.9B	$1.7B	$1.8B	$1.8B	$7.7B
Net debt / EBITDA	3.01×	2×	-0.1×	0.25×	1.88×	6.83×
Cash conversion cycle (days)	57	23	-5	32	56	53