Atmus Filtration Technologies Inc. (ATMU) 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

-5.1%

$45.88

vs $48.36 price

Levered DCF

$23.25

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.92

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
P/E	20.6×	17.57×	11.4×	10.56×	10.61×	12.66×	11.9×
P/B	11.27×	14.33×	24.25×	3.96×	4.12×	4.03×	0×
P/S	2.42×	1.95×	1.2×	1.15×	1.25×	1.46×	1.41×
EV / EBITDA	13.96×	12.96×	9.46×	9.3×	8.95×	8.25×	0×
Gross margin	28.9%	28.4%	27.1%	23.0%	24.3%	25.1%	24.4%
Operating margin	16.4%	15.9%	15.3%	13.1%	14.8%	16.1%	12.2%
Net margin	11.8%	11.1%	10.5%	10.9%	11.8%	11.6%	11.9%
Current ratio	2.42×	2.19×	1.85×	1.51×	1.51×	1.71×	0×
Debt / equity	1.51×	2.78×	7.76×	0.07×	0.08×	0.06×	0×
Interest coverage	8.65×	6.56×	9.63×	291.29×	266.88×	497.5×	0×
Dividend yield	0.4%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	8.3%	4.5%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	54.8%	81.6%	212.3%	37.4%	38.9%	31.9%	0.0%
Return on invested capital	22.2%	23.9%	25.8%	30.0%	31.2%	26.3%	0.0%
Return on assets	15.4%	15.6%	15.7%	19.6%	20.1%	18.1%	0.0%
Free cash flow yield	3.5%	1.7%	7.3%	7.1%	9.8%	10.3%	10.2%
Earnings yield	4.9%	5.7%	8.8%	9.4%	9.4%	7.9%	8.4%
Enterprise value	$4.6B	$3.7B	$2.4B	$1.8B	$1.8B	$1.8B	$0
Net debt / EBITDA	1.01×	1.56×	1.79×	0.17×	0.17×	0.13×	0×
Cash conversion cycle (days)	90	78	79	85	92	69	0