DocGo Inc. (DCGO) 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

-3393.8%

-$7.05

vs $0.21 price

Levered DCF

$2.19

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-2.61

Distress zone

Rating

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
P/E	-0.48×	21.2×	84.31×	20.79×	31.17×	-72.5×	-51.5×
P/B	0.6×	1.35×	1.92×	2.62×	3.42×	18.5×	15.08×
P/S	0.27×	0.7×	0.93×	1.62×	2.36×	10.81×	21.37×
EV / EBITDA	-0.38×	8.83×	17.29×	17.34×	21.42×	-107.97×	-60.32×
Gross margin	30.7%	34.6%	31.3%	35.1%	34.4%	33.3%	27.3%
Operating margin	-27.7%	4.7%	2.4%	5.0%	4.8%	-15.7%	-43.0%
Net margin	-56.6%	3.2%	1.1%	7.9%	7.4%	-15.3%	-41.8%
Current ratio	2.26×	2.5×	1.99×	2.71×	4.42×	2.49×	6.08×
Debt / equity	0.2×	0.18×	0.15×	0.07×	0.08×	0.25×	0.23×
Interest coverage	-87.92×	13.24×	0×	0×	20.13×	-72.12×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-126.7%	6.2%	2.3%	12.7%	10.8%	-26.1%	-29.5%
Return on invested capital	-55.8%	3.7%	2.6%	7.3%	5.8%	-18.3%	-21.9%
Return on assets	-84.0%	4.4%	1.4%	8.8%	7.7%	-14.3%	-20.0%
Free cash flow yield	31.1%	14.9%	-12.8%	3.3%	-1.1%	-1.7%	-1.7%
Earnings yield	-209.7%	4.6%	1.2%	4.8%	3.2%	-1.4%	-2.0%
Enterprise value	$65.1M	$402.1M	$565.8M	$578.3M	$591.7M	$998.7M	$1B
Net debt / EBITDA	0.13×	-0.7×	-0.39×	-4.12×	-5.76×	2×	1.94×
Cash conversion cycle (days)	87	99	136	63	62	73	67