Black Rock Coffee Bar, Inc. (BRCB) 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

-1300.3%

-$127.41

vs $10.62 price

Levered DCF

-$146.36

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.91

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023
P/E	-6,544.12×	-110.12×	-47.47×
P/B	8.29×	-25.24×	-133.56×
P/S	1.89×	2.61×	3.16×
EV / EBITDA	86.92×	314.04×	48.52×
Gross margin	29.3%	49.3%	45.8%
Operating margin	2.6%	-1.7%	1.5%
Net margin	-0.0%	-2.3%	-6.6%
Current ratio	1.04×	0.58×	0.83×
Debt / equity	3.59×	-12.34×	-51.75×
Interest coverage	0.53×	-0.63×	0.18×
Dividend yield	0.2%	0.1%	1.9%
Payout ratio	-1000.0%	-16.7%	-91.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	-0.1%	22.5%	280.1%
Return on invested capital	1.7%	-1.3%	1.3%
Return on assets	-0.0%	-1.8%	-5.0%
Free cash flow yield	-8.7%	-2.3%	-2.7%
Earnings yield	-0.0%	-0.9%	-2.1%
Enterprise value	$514.4M	$615.8M	$566.2M
Net debt / EBITDA	22.92×	99.63×	12.49×
Cash conversion cycle (days)	-18	-11	-24