Burlington Stores, Inc. (BURL) 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

-110.7%

-$25.55

vs $237.79 price

Levered DCF

$9.82

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.04

Safe zone

Rating

B-

Overall 3 / 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	31.11×	35.9×	37.47×	64.5×	37.51×	-75.71×	30.85×	27.65×
P/B	10.5×	13.18×	12.76×	18.69×	20.17×	35.25×	27.15×	35.55×
P/S	1.64×	1.7×	1.31×	1.71×	1.64×	2.84×	1.97×	1.72×
EV / EBITDA	18.19×	20.56×	19.5×	29×	21.69×	-164.37×	20.86×	15.8×
Gross margin	43.9%	43.3%	42.6%	40.6%	41.7%	38.3%	42.0%	42.0%
Operating margin	7.3%	6.7%	5.6%	4.4%	8.2%	0.0%	8.5%	8.5%
Net margin	5.3%	4.7%	3.5%	2.6%	4.4%	-3.8%	6.4%	6.2%
Current ratio	1.23×	1.16×	1.15×	1.19×	1.31×	1.49×	0.97×	1.02×
Debt / equity	3.32×	3.92×	4.82×	5.92×	5.86×	9.98×	6.87×	3.06×
Interest coverage	11.89×	10.28×	6.99×	5.76×	11.38×	0×	12.17×	10.07×
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	33.8%	36.7%	34.1%	28.9%	53.8%	-46.6%	88.1%	128.5%
Return on invested capital	7.7%	7.5%	6.5%	5.0%	10.4%	0.0%	11.2%	25.1%
Return on assets	6.2%	5.7%	4.4%	3.2%	5.8%	-3.2%	8.3%	13.5%
Free cash flow yield	0.9%	-0.2%	2.8%	1.0%	3.1%	-0.3%	3.9%	2.9%
Earnings yield	3.2%	2.8%	2.7%	1.5%	2.7%	-1.3%	3.2%	3.6%
Enterprise value	$23.7B	$22.4B	$16.6B	$18.7B	$18.7B	$19.6B	$17.6B	$12.3B
Net debt / EBITDA	3.66×	4.01×	4.56×	5.94×	3.9×	-27.26×	3.83×	1.12×
Cash conversion cycle (days)	20	16	11	19	-2	-9	6	13