Centuri Holdings, Inc. (CTRI) 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

-105.7%

-$1.23

vs $21.66 price

Levered DCF

-$5.62

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.45

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
P/E	102.64×	-238.17×	-11.01×	-12.17×	50.28×	32.13×
P/B	2.65×	2.88×	9.06×	5.29×	4.27×	0×
P/S	0.8×	0.61×	0.71×	0.74×	0.95×	1.05×
EV / EBITDA	12.28×	10.53×	38.97×	49.14×	15.24×	0×
Gross margin	8.5%	8.4%	9.4%	7.8%	8.6%	11.0%
Operating margin	3.2%	3.3%	-2.7%	-3.7%	4.6%	5.7%
Net margin	0.8%	-0.3%	-6.4%	-6.1%	1.9%	3.3%
Current ratio	1.78×	1.57×	1.62×	1.72×	1.93×	0×
Debt / equity	1.07×	1.82×	5.8×	3.45×	2.84×	0×
Interest coverage	1.18×	0.96×	-0.99×	-1.65×	4.74×	12.01×
Dividend yield	0.0%	0.0%	0.0%	0.7%	1.5%	1.3%
Payout ratio	0.0%	0.0%	0.0%	-8.9%	76.5%	40.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	2.6%	-1.2%	-82.4%	-43.5%	8.4%	0.0%
Return on invested capital	4.7%	5.0%	-4.2%	-4.8%	3.1%	0.0%
Return on assets	0.9%	-0.3%	-8.5%	-6.9%	1.6%	0.0%
Free cash flow yield	-0.4%	3.7%	3.0%	-1.7%	-0.0%	3.3%
Earnings yield	1.0%	-0.4%	-9.1%	-8.2%	2.0%	3.1%
Enterprise value	$3.1B	$2.6B	$3.3B	$3.3B	$3.3B	$0
Net debt / EBITDA	3.19×	3.95×	14.98×	18.81×	5.77×	0×
Cash conversion cycle (days)	63	53	62	63	69	0