BETA Technologies, Inc. (BETA) 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

-114.7%

-$3.03

vs $20.65 price

Levered DCF

-$8.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

6.37

Safe 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
P/E	-6.72×	-26.28×	-40×
P/B	3.56×	18.48×	20.9×
P/S	181.56×	533.86×	524.65×
EV / EBITDA	-6.98×	-32.06×	-48.07×
Gross margin	72.2%	-39.0%	30.7%
Operating margin	-1046.3%	-1803.7%	-1214.9%
Net margin	-2094.2%	-1826.4%	-1143.2%
Current ratio	22.77×	5.79×	7.74×
Debt / equity	0.11×	0.39×	0.4×
Interest coverage	-28.73×	-23.82×	-530.03×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	-41.0%	-63.2%	-45.5%
Return on invested capital	-18.1%	-44.3%	-34.3%
Return on assets	-35.1%	-41.4%	-30.3%
Free cash flow yield	-4.8%	-3.7%	-3.9%
Earnings yield	-11.5%	-3.4%	-2.2%
Enterprise value	$5B	$7.9B	$8B
Net debt / EBITDA	2.13×	0.53×	0.59×
Cash conversion cycle (days)	-844	75	183