American Integrity Insurance Group, Inc. (AII) 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

+469.1%

$165.60

vs $29.10 price

Levered DCF

$473.63

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.26

Distress zone

Rating

A+

Overall 5 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023
P/E	3.6×	8.71×	9.18×
P/B	1.07×	2.04×	2.47×
P/S	1.3×	1.62×	1.65×
EV / EBITDA	1.33×	2.99×	5.99×
Gross margin	64.5%	40.1%	39.3%
Operating margin	41.6%	25.0%	22.3%
Net margin	36.0%	19.4%	18.8%
Current ratio	92.89×	13.28×	12.69×
Debt / equity	0×	0.02×	0.05×
Interest coverage	0×	0×	0×
Dividend yield	6.4%	3.6%	0.6%
Payout ratio	23.0%	30.3%	4.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	29.6%	24.5%	28.2%
Return on invested capital	38.2%	3.6%	4.7%
Return on assets	8.1%	3.3%	4.4%
Free cash flow yield	37.1%	44.6%	19.2%
Earnings yield	27.7%	12.0%	11.4%
Enterprise value	$156.2M	$161.4M	$275.4M
Net debt / EBITDA	-1.73×	-3.15×	-1.21×
Cash conversion cycle (days)	-233	749	477