Albany International Corp. (AIN) 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

-43.0%

$41.72

vs $73.15 price

Levered DCF

$43.80

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

3.52

Safe zone

Rating

B+

Overall 3 / 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	-26.13×	28.46×	27.59×	32.22×	24.17×	24.07×	18.52×	24.29×
P/B	2.06×	2.65×	3.18×	3.58×	3.27×	2.91×	3.51×	3.33×
P/S	1.27×	2.03×	2.67×	2.99×	3.08×	2.64×	2.33×	2.05×
EV / EBITDA	35.32×	12.42×	13.22×	15.05×	11.41×	11.25×	10.14×	10.88×
Gross margin	20.6%	32.6%	36.9%	37.7%	40.7%	41.2%	37.7%	35.6%
Operating margin	-1.4%	10.7%	14.6%	17.5%	19.2%	18.4%	18.4%	14.0%
Net margin	-4.8%	7.1%	9.7%	9.3%	12.7%	10.9%	12.6%	8.4%
Current ratio	2.1×	3.23×	3.53×	3.97×	3.65×	3.76×	3.05×	3.13×
Debt / equity	0.63×	0.41×	0.54×	0.57×	0.44×	0.53×	0.67×	0.87×
Interest coverage	-0.62×	4.32×	4.74×	10.24×	16.31×	14.21×	9.21×	6.6×
Dividend yield	2.2%	1.3%	1.0%	0.9%	0.9%	1.0%	0.9%	1.1%
Payout ratio	-56.6%	37.1%	28.0%	27.6%	21.9%	24.9%	17.6%	26.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-7.9%	9.3%	11.6%	11.1%	13.6%	12.1%	18.9%	13.7%
Return on invested capital	-1.2%	6.9%	7.3%	9.2%	9.4%	8.5%	11.3%	8.0%
Return on assets	-3.3%	5.3%	6.1%	5.8%	7.6%	6.4%	9.0%	5.8%
Free cash flow yield	5.5%	5.5%	2.1%	1.0%	5.7%	4.2%	5.4%	2.5%
Earnings yield	-3.8%	3.5%	3.6%	3.1%	4.1%	4.2%	5.4%	4.1%
Enterprise value	$1.8B	$2.8B	$3.4B	$3.3B	$2.9B	$2.6B	$2.7B	$2.3B
Net debt / EBITDA	6.58×	1.22×	1.33×	0.93×	0.31×	0.84×	1.01×	1.52×
Cash conversion cycle (days)	95	158	191	165	153	175	120	125