Crawford & Company (CRD.A) 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

-13.6%

$10.69

vs $12.38 price

Levered DCF

$36.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.07

Safe 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	FY2020	FY2019	FY2018
P/E	28.13×	21.41×	20.92×	-15.03×	12.91×	13.69×	63.72×	17.45×
P/B	3.22×	3.61×	4.54×	2.21×	1.87×	2.1×	3.86×	2.65×
P/S	0.42×	0.42×	0.49×	0.22×	0.35×	0.39×	0.59×	0.4×
EV / EBITDA	8.25×	8.42×	8.71×	11.04×	6.95×	5.87×	11.34×	5.93×
Gross margin	24.5%	27.4%	27.3%	24.9%	25.6%	27.4%	28.1%	28.0%
Operating margin	5.8%	5.1%	5.5%	4.1%	4.1%	5.9%	6.5%	6.5%
Net margin	1.5%	2.0%	2.3%	-1.5%	2.7%	2.8%	1.2%	2.3%
Current ratio	1.14×	1.25×	1.23×	1.26×	1.14×	1.24×	1.33×	1.42×
Debt / equity	1.56×	1.97×	2.2×	2.78×	1.36×	1.28×	1.85×	1.11×
Interest coverage	4.24×	3.34×	3.66×	4.61×	6.72×	7.32×	5.88×	6.36×
Dividend yield	2.6%	2.4%	2.0%	4.3%	3.2%	2.5%	2.1%	3.0%
Payout ratio	73.0%	51.7%	41.5%	-64.7%	41.3%	34.1%	105.5%	52.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.3%	16.9%	21.6%	-14.7%	14.5%	15.1%	7.8%	15.2%
Return on invested capital	8.3%	8.0%	8.6%	-33.1%	5.6%	7.6%	4.7%	8.4%
Return on assets	2.6%	3.3%	3.8%	-2.3%	3.6%	3.8%	1.6%	3.7%
Free cash flow yield	17.0%	1.8%	10.4%	-2.5%	5.9%	14.2%	8.8%	4.9%
Earnings yield	3.5%	4.7%	4.8%	-6.7%	7.7%	7.2%	2.0%	5.7%
Enterprise value	$763.9M	$821.7M	$896.8M	$575.5M	$632.4M	$587.6M	$857.9M	$590.6M
Net debt / EBITDA	2.23×	2.6×	2.46×	5.76×	2.59×	1.95×	3.21×	1.38×
Cash conversion cycle (days)	54	57	52	62	62	61	67	61