Azenta, Inc. (AZTA) 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

-69.9%

$10.69

vs $35.55 price

Levered DCF

-$21.39

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.8

Safe zone

Rating

C+

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	-23.54×	-15.68×	-228.14×	-285.73×	68.69×	52.57×	264.5×	20.89×
P/B	0.76×	1.46×	1.31×	0.95×	5.73×	2.8×	2.34×	3.38×
P/S	2.21×	4.49×	5×	5.78×	14.79×	8.76×	3.41×	3.85×
EV / EBITDA	21.18×	32.61×	49.08×	53.79×	750.97×	113.31×	28.04×	36.02×
Gross margin	45.5%	44.4%	35.1%	41.5%	41.8%	37.3%	37.4%	35.9%
Operating margin	-1.9%	-5.2%	-12.4%	-4.3%	0.7%	-7.1%	7.1%	5.5%
Net margin	-9.4%	-28.8%	-2.1%	-77.2%	21.6%	16.7%	3.7%	18.5%
Current ratio	2.98×	4.07×	6.73×	10.67×	2.25×	3.08×	2.37×	3.42×
Debt / equity	0.06×	0.04×	0.02×	0.01×	0.07×	0.07×	0.04×	0.27×
Interest coverage	0×	0×	0×	-5.23×	1.77×	-9.35×	2.48×	3.62×
Dividend yield	0.0%	0.0%	0.0%	0.2%	0.4%	0.9%	1.1%	1.2%
Payout ratio	0.0%	0.0%	0.0%	-1.7%	26.8%	45.5%	100.3%	24.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3.2%	-9.3%	-0.6%	-12.8%	8.4%	5.3%	2.5%	16.2%
Return on invested capital	2.1%	-1.6%	-1.3%	-0.7%	0.1%	-1.3%	4.4%	3.7%
Return on assets	-2.7%	-7.9%	-0.5%	-11.5%	6.1%	4.2%	1.9%	10.6%
Free cash flow yield	2.9%	0.5%	-1.0%	-16.9%	1.3%	-0.1%	2.5%	2.5%
Earnings yield	-4.2%	-6.4%	-0.4%	-13.4%	1.5%	1.9%	1.1%	4.8%
Enterprise value	$1.1B	$2.3B	$2.7B	$2.6B	$7.5B	$3.2B	$2.4B	$2.4B
Net debt / EBITDA	-3.12×	-3.35×	-11.21×	-12.6×	-13.35×	-7.58×	-2.91×	-0.02×
Cash conversion cycle (days)	158	191	164	160	107	223	108	119