CHS Inc. (CHSCL) 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

—

vs $30.13 price

Levered DCF

$1,365.28

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.14

Grey zone

Rating

Overall 2 / 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	0×	0×	0×	0×	0×	0×	0×	0×
P/B	0×	0×	0×	0×	0×	0×	0×	0×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	2×	1.26×	0.33×	0.8×	2.84×	3.56×	3.2×	2.89×
Gross margin	3.2%	4.5%	6.1%	5.6%	4.9%	3.7%	4.3%	3.3%
Operating margin	0.3%	1.5%	3.8%	3.5%	2.9%	1.2%	2.2%	1.4%
Net margin	1.7%	2.8%	4.2%	3.5%	1.4%	1.5%	2.1%	2.4%
Current ratio	1.53×	1.61×	1.55×	1.35×	1.26×	1.27×	1.19×	1.13×
Debt / equity	0.29×	0.27×	0.26×	0.3×	0.4×	0.41×	0.46×	0.52×
Interest coverage	0.62×	5.62×	12.74×	14.09×	10.04×	2.78×	4.14×	3.06×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	78.4%	15.3%	8.9%	10.0%	30.4%	39.9%	37.0%	21.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.4%	10.2%	18.2%	17.8%	6.1%	4.8%	7.7%	9.5%
Return on invested capital	0.6%	4.1%	12.1%	12.2%	8.6%	2.7%	5.2%	3.5%
Return on assets	3.2%	5.9%	10.0%	8.9%	3.2%	2.6%	4.0%	4.7%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Enterprise value	$2.8B	$2.1B	$853.9M	$1.9B	$3.1B	$3.5B	$3.7B	$3.8B
Net debt / EBITDA	2×	1.26×	0.33×	0.8×	2.84×	3.56×	3.2×	2.89×
Cash conversion cycle (days)	45	38	28	33	36	47	30	38