Concentra Group Holdings Parent, Inc. (CON) 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

-3.5%

$38.62

vs $40.01 price

Levered DCF

$34.85

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.56

Grey 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
P/E	14.16×	15.22×	15.83×	17.03×	13.62×
P/B	6.34×	9.19×	2.46×	2.92×	0×
P/S	1.15×	1.33×	1.55×	1.65×	1.64×
EV / EBITDA	11.04×	11.68×	10.33×	11.65×	0×
Gross margin	28.3%	27.8%	27.9%	23.7%	24.7%
Operating margin	15.4%	16.0%	15.6%	15.0%	15.6%
Net margin	7.7%	8.8%	9.8%	9.7%	12.1%
Current ratio	1.14×	1.42×	1.07×	1.02×	0×
Debt / equity	5.35×	7.08×	0.78×	1.07×	0×
Interest coverage	3.06×	4.37×	2.52×	8.16×	8.48×
Dividend yield	1.3%	60.9%	0.2%	0.0%	0.0%
Payout ratio	19.3%	926.9%	3.4%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	42.3%	60.4%	15.6%	17.1%	0.0%
Return on invested capital	9.2%	9.8%	9.6%	9.5%	0.0%
Return on assets	5.5%	6.6%	7.2%	7.3%	0.0%
Free cash flow yield	7.9%	8.3%	5.8%	8.0%	8.6%
Earnings yield	6.7%	6.6%	6.3%	5.9%	7.3%
Enterprise value	$4.5B	$4.3B	$3.7B	$3.8B	$0
Net debt / EBITDA	4.95×	4.8×	2.43×	3.03×	0×
Cash conversion cycle (days)	39	37	37	36	0