Covista Inc. (CVSA) 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

+94.4%

$239.94

vs $123.41 price

Levered DCF

$168.44

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.21

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.34×	20.29×	19.28×	15.13×	-10.71×	23.76×	8.26×	20.46×
P/B	3.02×	3.29×	1.96×	1.06×	1.17×	1.41×	1.28×	1.89×
P/S	2.24×	2.64×	1.7×	1.06×	1.26×	2.02×	1.59×	2.6×
EV / EBITDA	10.94×	12.39×	8.74×	6.63×	9.3×	12.59×	6.4×	12.68×
Gross margin	57.3%	56.9%	55.9%	53.4%	47.2%	50.7%	54.0%	53.7%
Operating margin	19.6%	19.1%	13.7%	15.6%	11.3%	17.3%	15.8%	18.0%
Net margin	12.9%	13.0%	8.6%	6.7%	-11.8%	8.5%	19.2%	12.7%
Current ratio	1.09×	0.82×	0.86×	1.11×	1.32×	3.71×	2×	1.62×
Debt / equity	0.63×	0.54×	0.62×	0.61×	0.72×	1×	0.4×	0.29×
Interest coverage	9.79×	6.53×	3.41×	3.58×	1.57×	3.65×	18.23×	9.18×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.4%	16.2%	10.0%	6.7%	-10.9%	5.9%	15.4%	9.3%
Return on invested capital	12.1%	11.7%	8.0%	8.5%	4.1%	4.8%	8.6%	7.2%
Return on assets	8.4%	8.5%	5.0%	3.4%	-5.4%	2.5%	9.1%	5.7%
Free cash flow yield	9.0%	6.1%	9.2%	10.8%	-1.2%	8.3%	4.1%	5.6%
Earnings yield	5.8%	4.9%	5.1%	6.3%	-9.3%	4.2%	12.1%	4.9%
Enterprise value	$4.9B	$5.3B	$3.3B	$2.2B	$2.5B	$2.7B	$1.7B	$2.8B
Net debt / EBITDA	1.12×	1.34×	1.66×	1.91×	2.72×	3.91×	0.1×	0.88×
Cash conversion cycle (days)	-23	-20	-24	-18	-7	-17	-5	-17