BK Technologies Corporation (BKTI) 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

-153.0%

-$36.84

vs $69.57 price

Levered DCF

-$4.37

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

9.89

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	20.21×	14.59×	-18.82×	-4.83×	-21.14×	196.24×	-14.9×	-258.98×
P/B	6.13×	4.08×	1.97×	2.79×	1.1×	1.61×	1.69×	1.82×
P/S	3.18×	1.59×	0.57×	1.1×	0.79×	0.86×	0.98×	1.02×
EV / EBITDA	14.12×	12.43×	1,376.12×	-6.25×	-455.01×	14.87×	-12.03×	11.72×
Gross margin	48.8%	37.9%	30.0%	19.3%	35.8%	40.8%	39.0%	40.5%
Operating margin	18.6%	10.2%	-1.0%	-21.7%	-2.6%	2.3%	-10.9%	4.9%
Net margin	15.7%	10.9%	-3.0%	-22.8%	-3.7%	0.4%	-6.6%	-0.4%
Current ratio	4.21×	2.64×	1.82×	1.58×	3.07×	2.72×	2.55×	3.12×
Debt / equity	0.04×	0.04×	0.39×	0.43×	0.16×	0.15×	0.15×	0×
Interest coverage	0×	29.43×	-1.35×	-76.95×	-22.57×	124.25×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	3.6%	3.3%	2.6%	2.6%	2.1%
Payout ratio	0.0%	0.0%	0.0%	-17.4%	-68.9%	516.5%	-38.6%	-555.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	30.3%	28.0%	-10.5%	-57.8%	-5.2%	0.8%	-11.3%	-0.7%
Return on invested capital	25.5%	20.5%	-2.2%	-34.1%	-3.0%	3.3%	-11.0%	3.4%
Return on assets	21.2%	16.2%	-4.5%	-23.8%	-3.4%	0.5%	-6.9%	-0.5%
Free cash flow yield	6.7%	8.4%	-1.1%	-19.1%	-24.2%	9.2%	-12.5%	7.7%
Earnings yield	4.9%	6.9%	-5.3%	-20.7%	-4.7%	0.5%	-6.7%	-0.4%
Enterprise value	$252.7M	$116M	$46.8M	$63M	$30.5M	$34.8M	$38.1M	$39.2M
Net debt / EBITDA	-1.19×	-0.62×	143.41×	-0.68×	82.42×	-1.4×	0.41×	-3.37×
Cash conversion cycle (days)	122	122	138	158	205	129	159	115