Compass Diversified (CODI) 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

-300.2%

-$22.87

vs $11.42 price

Levered DCF

-$32.90

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.5

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	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.57×	-5.86×	9.13×	-95.95×	41.32×	54.03×	6.65×	-130.78×
P/B	0.82×	2.57×	1.74×	1.31×	1.8×	1.12×	1.34×	0.87×
P/S	0.19×	0.97×	0.96×	0.65×	1.16×	0.85×	1.18×	0.55×
EV / EBITDA	134.32×	-109.81×	-166.43×	35.94×	16.17×	12.36×	22.86×	13.03×
Gross margin	38.5%	42.0%	39.9%	37.0%	38.4%	36.9%	36.2%	34.6%
Operating margin	2.3%	-0.8%	-4.1%	2.5%	7.1%	5.4%	2.1%	4.2%
Net margin	-12.2%	-11.7%	6.4%	-3.4%	6.6%	1.6%	23.9%	-0.4%
Current ratio	2.42×	0.4×	0.59×	2.22×	2.93×	2.4×	3.08×	2.63×
Debt / equity	4.25×	5.21×	3.59×	2.09×	1.16×	0.82×	0.35×	1.28×
Interest coverage	0.24×	-0.12×	-0.6×	0.51×	1.99×	1.61×	0.43×	0.92×
Dividend yield	20.8%	8.6%	5.9%	8.3%	8.8%	9.2%	6.8%	13.2%
Payout ratio	-32.8%	-71.8%	88.5%	-160.5%	152.9%	498.4%	33.6%	-1726.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-51.9%	-30.8%	11.7%	-6.7%	10.3%	2.1%	27.1%	-0.7%
Return on invested capital	1.6%	-0.6%	-2.4%	1.5%	1.9%	1.7%	1.5%	2.7%
Return on assets	-7.5%	-6.3%	3.3%	-1.7%	3.6%	0.9%	16.0%	-0.2%
Free cash flow yield	-14.2%	-7.1%	1.4%	-9.3%	4.7%	9.6%	3.3%	9.8%
Earnings yield	-63.5%	-12.0%	6.7%	-5.1%	5.7%	1.9%	20.3%	-0.8%
Enterprise value	$2.2B	$5.2B	$4.5B	$2.9B	$3.1B	$2.1B	$1.8B	$1.8B
Net debt / EBITDA	111.97×	-73.14×	-106.64×	21.84×	5.82×	5.02×	3.77×	7.63×
Cash conversion cycle (days)	137	207	195	202	211	156	167	150