AdvanSix Inc. (ASIX) 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

+120.8%

$34.24

vs $15.51 price

Levered DCF

$17.77

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.8

Distress zone

Rating

B-

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	9.45×	17.27×	14.98×	6.18×	9.51×	12.19×	13.58×	11.06×
P/B	0.57×	0.99×	1.11×	1.44×	2.21×	1.26×	1.4×	1.75×
P/S	0.31×	0.5×	0.53×	0.55×	0.79×	0.48×	0.43×	0.48×
EV / EBITDA	5.81×	8.22×	7.04×	4.24×	6.21×	7.6×	8.54×	6.65×
Gross margin	11.4%	10.1%	10.8%	16.2%	16.3%	11.6%	10.4%	11.5%
Operating margin	4.4%	3.9%	4.5%	11.7%	11.3%	0.0%	4.6%	6.2%
Net margin	3.2%	2.9%	3.6%	8.8%	8.3%	4.0%	3.2%	4.4%
Current ratio	1.13×	1.08×	1.17×	1.12×	1.13×	1.16×	1×	1.09×
Debt / equity	0.47×	0.45×	0.36×	0.31×	0.45×	0.88×	1.08×	0.48×
Interest coverage	7.96×	5.21×	9.29×	81.53×	38.05×	0×	0×	12.45×
Dividend yield	3.7%	2.2%	2.0%	1.4%	0.3%	0.0%	0.0%	0.0%
Payout ratio	34.8%	38.8%	30.5%	8.8%	2.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.0%	5.7%	7.4%	23.3%	23.3%	10.4%	10.3%	15.8%
Return on invested capital	4.5%	4.5%	4.7%	15.1%	13.9%	0.0%	4.7%	9.6%
Return on assets	2.9%	2.8%	3.7%	11.5%	10.7%	3.6%	3.3%	6.4%
Free cash flow yield	1.4%	0.2%	1.2%	17.3%	12.2%	5.2%	-5.3%	8.7%
Earnings yield	10.6%	5.8%	6.7%	16.2%	10.5%	8.2%	7.4%	9.0%
Enterprise value	$828.3M	$1.1B	$1.1B	$1.3B	$1.6B	$940M	$987.6M	$924.6M
Net debt / EBITDA	2.54×	2.48×	1.58×	0.67×	1×	3.07×	3.69×	1.37×
Cash conversion cycle (days)	29	31	27	22	20	39	19	13