BrightView Holdings, Inc. (BV) 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

+134.2%

$28.45

vs $12.15 price

Levered DCF

$41.07

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.34

Distress zone

Rating

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	22.71×	74.95×	-94.05×	56.71×	33.55×	-28.5×	39.88×	-84.72×
P/B	0.71×	0.84×	0.42×	0.64×	1.16×	0.93×	1.37×	1.04×
P/S	0.48×	0.54×	0.26×	0.28×	0.61×	0.5×	0.73×	0.54×
EV / EBITDA	6.9×	7.51×	6.8×	9.82×	11.49×	14.9×	10.78×	12.79×
Gross margin	23.3%	23.3%	24.1%	24.3%	25.5%	25.4%	26.5%	26.6%
Operating margin	5.0%	5.7%	3.6%	3.2%	3.5%	0.5%	5.4%	1.7%
Net margin	2.1%	2.4%	-0.3%	0.5%	1.8%	-1.8%	1.8%	-0.6%
Current ratio	1.3×	1.44×	1.59×	1.39×	1.43×	1.41×	1.66×	1.6×
Debt / equity	0.51×	0.52×	0.58×	1.18×	0.91×	0.95×	0.89×	0.94×
Interest coverage	2.51×	2.51×	1.04×	1.66×	2.14×	0.19×	1.79×	0.41×
Dividend yield	2.8%	1.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	63.9%	26.8%	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	3.1%	3.7%	-0.4%	1.2%	3.4%	-3.3%	3.5%	-1.2%
Return on invested capital	3.1%	3.7%	3.4%	2.2%	3.0%	0.4%	3.9%	0.3%
Return on assets	1.7%	2.0%	-0.2%	0.4%	1.4%	-1.4%	1.5%	-0.5%
Free cash flow yield	2.9%	8.5%	8.1%	-0.1%	5.6%	16.3%	4.5%	7.4%
Earnings yield	4.4%	4.5%	-1.1%	1.8%	3.0%	-3.5%	2.5%	-1.2%
Enterprise value	$2.1B	$2.3B	$1.7B	$2.2B	$2.6B	$2.2B	$2.9B	$2.4B
Net debt / EBITDA	2.74×	2.6×	3.83×	6.33×	4.75×	7×	4.15×	5.99×
Cash conversion cycle (days)	45	48	53	43	42	41	52	50