Boise Cascade Company (BCC) 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

+78.4%

$144.60

vs $81.04 price

Levered DCF

$105.26

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.26

Safe zone

Rating

A-

Overall 4 / 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	20.79×	12.34×	10.6×	3.16×	3.94×	10.74×	17.65×	45×
P/B	1.31×	2.16×	2.34×	1.32×	2.08×	2.21×	2.03×	1.38×
P/S	0.42×	0.69×	0.75×	0.32×	0.35×	0.34×	0.31×	0.19×
EV / EBITDA	7.84×	6.61×	5.84×	1.76×	2.45×	4.92×	7.72×	5.96×
Gross margin	14.0%	19.8%	20.9%	22.8%	20.5%	17.1%	14.6%	13.8%
Operating margin	2.8%	7.3%	9.1%	13.8%	12.3%	6.1%	2.9%	1.4%
Net margin	2.1%	5.6%	7.1%	10.2%	9.0%	3.2%	1.7%	0.4%
Current ratio	3.36×	3.34×	3.46×	3.78×	2.94×	2.5×	2.66×	2.67×
Debt / equity	0.25×	0.24×	0.24×	0.25×	0.39×	0.64×	0.76×	0.65×
Interest coverage	18.34×	20.36×	24.49×	45.56×	39.18×	12.78×	5.24×	2.75×
Dividend yield	1.3%	4.9%	6.8%	5.9%	7.6%	4.2%	3.8%	5.5%
Payout ratio	26.1%	60.8%	71.6%	18.6%	30.0%	45.3%	66.7%	247.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.4%	17.5%	22.0%	41.7%	52.7%	20.6%	11.5%	3.0%
Return on invested capital	4.8%	13.1%	16.3%	32.1%	37.8%	14.1%	7.7%	5.5%
Return on assets	4.1%	11.2%	14.0%	26.5%	27.7%	8.9%	4.8%	1.3%
Free cash flow yield	0.5%	4.5%	9.2%	34.2%	20.0%	11.5%	11.4%	9.0%
Earnings yield	4.9%	8.1%	9.4%	31.6%	25.4%	9.3%	5.7%	2.2%
Enterprise value	$2.8B	$4.4B	$4.7B	$2.2B	$2.6B	$2B	$1.7B	$1.2B
Net debt / EBITDA	0.13×	-0.29×	-0.52×	-0.37×	-0.21×	0.34×	1.14×	1.26×
Cash conversion cycle (days)	55	53	47	38	40	42	43	44