Arko Corp. (ARKO) 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

-129.1%

-$1.12

vs $3.85 price

Levered DCF

-$15.01

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.55

Grey zone

Rating

Overall 2 / 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	30.27×	50.69×	34.38×	16.04×	20.4×	126.76×	-91.36×	692.31×
P/B	1.4×	2.03×	2.61×	2.76×	3.09×	13.65×	67.57×	84.85×
P/S	0.07×	0.09×	0.1×	0.12×	0.15×	0.99×	1.08×	1.87×
EV / EBITDA	16.24×	12.01×	12.38×	11.08×	12.05×	36.27×	88.9×	80.17×
Gross margin	5.2%	4.5%	4.5%	4.6%	5.0%	6.4%	3.3%	3.5%
Operating margin	1.3%	1.1%	1.3%	1.8%	1.9%	2.0%	0.0%	0.9%
Net margin	0.3%	0.2%	0.4%	0.8%	0.8%	0.3%	-1.1%	0.3%
Current ratio	1.66×	1.62×	1.54×	1.67×	1.67×	1.57×	0.85×	0.97×
Debt / equity	10.76×	6.86×	6.73×	5.93×	5.89×	6.88×	21.01×	5.14×
Interest coverage	1.1×	0.96×	1.29×	2.67×	1.91×	1.55×	0.03×	1.2×
Dividend yield	3.8%	2.6%	2.0%	1.6%	0.5%	0.0%	0.0%	0.0%
Payout ratio	85.2%	94.8%	58.3%	23.2%	10.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.2%	5.5%	9.1%	18.8%	16.7%	4.7%	-66.2%	12.3%
Return on invested capital	2.5%	2.2%	2.7%	3.9%	4.5%	3.3%	0.1%	4.1%
Return on assets	0.6%	0.6%	0.9%	2.2%	2.0%	0.5%	-2.4%	1.0%
Free cash flow yield	12.7%	14.1%	2.5%	10.5%	-6.2%	3.2%	-0.3%	0.1%
Earnings yield	4.4%	2.7%	3.5%	6.8%	5.4%	0.3%	-1.0%	0.1%
Enterprise value	$4.2B	$3.1B	$3.3B	$3B	$2.9B	$5.7B	$5.8B	$8B
Net debt / EBITDA	14.23×	9.03×	8.69×	7.21×	7.55×	10.83×	20.71×	4.13×
Cash conversion cycle (days)	6	8	9	7	7	9	8	7