Brookdale Senior Living Inc. (BKD) 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

+63.8%

$17.05

vs $10.41 price

Levered DCF

-$55.48

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.21

Distress 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	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-9.72×	-5.65×	-6.93×	-2.18×	-9.56×	9.84×	-5.05×	-2.38×
P/B	-56.5×	5.39×	3.25×	0.89×	1.37×	1.02×	1.94×	1.23×
P/S	0.81×	0.38×	0.46×	0.19×	0.35×	0.27×	0.33×	0.36×
EV / EBITDA	24.85×	15.07×	15.27×	15.67×	13.72×	22.97×	19.3×	9.85×
Gross margin	20.6%	27.1%	26.0%	18.7%	17.8%	23.2%	21.6%	30.3%
Operating margin	0.5%	1.6%	0.6%	-1.6%	-7.9%	-3.2%	-1.1%	-16.9%
Net margin	-8.4%	-6.8%	-6.6%	-8.7%	-3.6%	2.7%	-6.6%	-15.0%
Current ratio	3.62×	0.88×	0.8×	0.99×	1.11×	1.12×	0.57×	1×
Debt / equity	-148.91×	26.6×	11.71×	8.4×	7.49×	7.01×	8.42×	4.12×
Interest coverage	0.07×	0.19×	0.08×	-0.21×	-1.16×	-0.47×	-0.18×	-2.12×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	587.0%	-95.0%	-46.8%	-40.9%	-14.2%	10.2%	-38.5%	-51.8%
Return on invested capital	0.3%	0.8%	0.4%	-0.8%	-3.3%	-1.4%	-0.7%	-9.0%
Return on assets	-4.4%	-3.2%	-3.4%	-4.0%	-1.5%	1.2%	-3.7%	-8.2%
Free cash flow yield	0.7%	-3.0%	-5.4%	-37.2%	-28.4%	2.4%	-6.5%	-1.7%
Earnings yield	-10.4%	-17.6%	-14.4%	-45.9%	-10.4%	10.1%	-19.8%	-42.1%
Enterprise value	$8.9B	$6.5B	$5.8B	$5B	$5.8B	$6B	$7B	$5.1B
Net debt / EBITDA	17.8×	12.41×	11.8×	14.05×	11.47×	19.88×	15.56×	7.4×
Cash conversion cycle (days)	8	-5	-5	-4	-6	2	0	18