BWX Technologies, Inc. (BWXT) 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

-64.6%

$46.65

vs $131.67 price

Levered DCF

$63.94

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.56

Safe 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	48.01×	36.17×	28.63×	22.34×	14.78×	20.64×	24.25×	16.69×
P/B	12.84×	9.44×	7.53×	7.1×	7.08×	9.31×	14.65×	16.07×
P/S	4.95×	3.77×	2.82×	2.38×	2.13×	2.71×	3.12×	2.1×
EV / EBITDA	31.44×	23.59×	18.26×	15.46×	11.33×	14.68×	16.21×	12.29×
Gross margin	22.9%	24.2%	24.9%	24.7%	25.9%	27.1%	28.2%	28.0%
Operating margin	10.1%	14.1%	15.3%	15.6%	16.3%	16.9%	17.2%	16.9%
Net margin	10.3%	10.4%	9.8%	10.7%	14.4%	13.1%	12.9%	12.6%
Current ratio	2.32×	1.96×	2.18×	2.1×	1.68×	1.46×	1.56×	1.44×
Debt / equity	1.64×	0.98×	1.3×	1.72×	1.87×	1.54×	2.04×	3.26×
Interest coverage	7.31×	9.64×	8.14×	9.57×	9.67×	11.56×	9.22×	10.96×
Dividend yield	0.6%	0.9%	1.2%	1.5%	1.8%	1.3%	1.1%	1.7%
Payout ratio	28.0%	31.3%	34.6%	34.0%	26.0%	26.2%	26.8%	28.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	26.8%	26.1%	26.3%	31.8%	48.0%	45.1%	60.4%	96.3%
Return on invested capital	7.4%	12.8%	12.3%	11.7%	13.1%	14.9%	16.7%	19.2%
Return on assets	7.7%	9.8%	8.9%	9.1%	12.2%	12.2%	12.8%	13.7%
Free cash flow yield	1.9%	2.5%	3.0%	0.9%	1.7%	-1.0%	1.6%	1.6%
Earnings yield	2.1%	2.8%	3.5%	4.5%	6.8%	4.8%	4.1%	6.0%
Enterprise value	$17.3B	$11.2B	$8.2B	$6.6B	$5.7B	$6.7B	$6.7B	$4.5B
Net debt / EBITDA	2.74×	2.07×	2.53×	2.95×	2.31×	2×	1.8×	2.01×
Cash conversion cycle (days)	94	82	79	83	74	74	50	62