Blue Bird Corporation (BLBD) 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

+71.2%

$98.92

vs $57.77 price

Levered DCF

$171.64

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.26

Safe zone

Rating

A+

Overall 5 / 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	14.45×	14.82×	28.85×	-6.23×	-735.17×	36.55×	20.71×	22.69×
P/B	7.23×	9.8×	17.18×	187.42×	-17.72×	-6.08×	-7.43×	-24.74×
P/S	1.25×	1.16×	0.61×	0.32×	0.85×	0.37×	0.49×	0.68×
EV / EBITDA	8.88×	10.06×	12.37×	-17.39×	37.24×	12.43×	11.76×	18.39×
Gross margin	20.5%	19.0%	12.3%	4.6%	10.5%	10.9%	13.1%	11.9%
Operating margin	11.3%	10.3%	4.6%	-5.1%	1.0%	2.5%	4.3%	3.4%
Net margin	8.6%	7.8%	2.1%	-5.7%	-0.0%	1.4%	2.4%	3.0%
Current ratio	1.74×	1.37×	1.03×	1.06×	1.25×	1.05×	1.01×	1.01×
Debt / equity	0.35×	0.6×	3.3×	126.25×	-6.76×	-3.43×	-2.79×	-5.02×
Interest coverage	23.21×	13.17×	2.87×	-2.77×	0.67×	1.8×	3.4×	5.27×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	50.0%	66.1%	59.5%	-3311.1%	0.9%	-22.9%	-35.8%	-108.8%
Return on invested capital	31.6%	35.9%	18.0%	-14.5%	0.5%	9.0%	16.1%	20.8%
Return on assets	20.4%	20.1%	5.7%	-12.5%	-0.1%	3.8%	6.7%	10.0%
Free cash flow yield	8.3%	6.1%	16.2%	-11.9%	-11.5%	-4.8%	4.0%	2.3%
Earnings yield	6.9%	6.8%	3.5%	-17.7%	-0.0%	3.8%	4.8%	4.4%
Enterprise value	$1.7B	$1.5B	$739.9M	$423M	$787.7M	$461.6M	$622M	$783M
Net debt / EBITDA	-0.72×	-0.21×	0.89×	-6.74×	9.89×	3.71×	2.23×	1.92×
Cash conversion cycle (days)	1	11	3	22	37	3	-6	-7