Ducommun Incorporated (DCO) 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

-71.4%

$46.38

vs $162.13 price

Levered DCF

-$25.17

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.3

Safe zone

Rating

C-

Overall 1 / 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	-38.05×	29.89×	44.88×	20.99×	4.1×	21.48×	17.92×	45.97×
P/B	2.15×	1.38×	1.12×	1.15×	1.17×	1.9×	1.99×	1.61×
P/S	1.72×	1.2×	0.94×	0.85×	0.86×	1×	0.81×	0.66×
EV / EBITDA	-1,886.06×	13.72×	13.87×	11×	3.81×	12.18×	10.32×	9.89×
Gross margin	26.9%	25.1%	21.6%	20.3%	22.1%	21.9%	21.1%	19.5%
Operating margin	8.9%	6.6%	3.8%	5.6%	7.6%	7.2%	7.8%	3.8%
Net margin	-4.5%	4.0%	2.1%	4.0%	21.0%	4.6%	4.5%	1.4%
Current ratio	3.5×	3.24×	2.99×	2.64×	3.03×	2.87×	2.36×	2.27×
Debt / equity	0.52×	0.4×	0.46×	0.54×	0.68×	1.02×	1.12×	0.89×
Interest coverage	5.82×	3.41×	1.39×	3.44×	4.37×	3.33×	3.07×	1.84×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-5.6%	4.6%	2.5%	5.5%	28.6%	8.9%	11.1%	3.5%
Return on invested capital	5.7%	4.6%	3.0%	4.1%	4.7%	5.9%	7.4%	4.0%
Return on assets	-3.1%	2.8%	1.4%	2.8%	13.8%	3.5%	4.1%	1.4%
Free cash flow yield	-3.4%	2.1%	1.6%	2.2%	-3.1%	0.0%	5.6%	6.9%
Earnings yield	-2.6%	3.3%	2.2%	4.8%	24.4%	4.7%	5.6%	2.2%
Enterprise value	$1.7B	$1.2B	$966.8M	$839.8M	$799.9M	$907.1M	$870.8M	$632.7M
Net debt / EBITDA	-329.18×	2.74×	3.62×	3.1×	1.16×	3.76×	3.42×	3.42×
Cash conversion cycle (days)	231	219	219	203	202	172	107	113