Alpha Metallurgical Resources, Inc. (AMR) 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

+171.5%

$426.03

vs $156.93 price

Levered DCF

$417.15

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.03

Safe zone

Rating

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	-42.08×	13.89×	6.62×	1.77×	3.9×	-0.47×	-0.84×	2.57×
P/B	1.68×	1.58×	3.04×	1.79×	2.06×	1.04×	0.24×	0.72×
P/S	1.22×	0.88×	1.38×	0.62×	0.5×	0.15×	0.09×	0.38×
EV / EBITDA	19.17×	5.48×	4.42×	1.33×	3.08×	-85.98×	5.53×	4.53×
Gross margin	0.1%	11.2%	27.9%	41.2%	20.3%	-1.0%	6.0%	14.7%
Operating margin	-2.9%	7.7%	24.9%	38.5%	15.9%	-12.1%	-8.4%	9.5%
Net margin	-2.9%	6.3%	20.8%	35.3%	12.8%	-31.6%	-15.8%	14.7%
Current ratio	4.47×	4.13×	3.38×	2.77×	2.53×	1.97×	2.26×	2.34×
Debt / equity	0.02×	0×	0.01×	0.01×	0.82×	2.91×	0.93×	0.55×
Interest coverage	-20.33×	59.79×	124.67×	72.51×	5.16×	-2.29×	-2.5×	4.99×
Dividend yield	0.0%	0.1%	2.4%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-0.7%	1.6%	15.7%	0.9%	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	-4.0%	11.4%	45.9%	101.3%	52.8%	-223.3%	-45.4%	27.9%
Return on invested capital	-2.1%	9.3%	35.1%	77.0%	22.7%	-11.7%	-6.8%	8.0%
Return on assets	-2.7%	7.7%	30.0%	62.6%	15.5%	-26.6%	-13.7%	10.9%
Free cash flow yield	0.7%	14.6%	12.7%	51.5%	8.1%	-11.9%	-35.6%	8.6%
Earnings yield	-2.4%	7.2%	15.1%	56.6%	25.7%	-214.8%	-185.8%	38.9%
Enterprise value	$2.3B	$2.1B	$4.5B	$2.3B	$1.5B	$651.4M	$606.7M	$1.1B
Net debt / EBITDA	-2.91×	-1.22×	-0.25×	-0.17×	0.76×	-58.51×	3.98×	1.43×
Cash conversion cycle (days)	70	55	69	51	87	70	60	54