Driven Brands Holdings Inc. (DRVN) 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

-532.9%

-$55.07

vs $12.72 price

Levered DCF

-$46.84

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.93

Distress zone

Rating

A-

Overall 4 / 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	17.44×	-9.06×	-3.17×	105.04×	560.33×	-1,080.57×	569.08×	622.14×
P/B	3.15×	4.28×	2.55×	2.69×	3.29×	4.11×	15.24×	10.04×
P/S	1.3×	1.48×	1.35×	2.19×	3.68×	5.02×	7.32×	8.92×
EV / EBITDA	12.66×	17.17×	21.59×	24.68×	36.64×	44.31×	60.61×	64.86×
Gross margin	50.8%	51.6%	47.3%	47.6%	49.4%	61.6%	62.7%	41.8%
Operating margin	13.9%	14.6%	14.0%	9.8%	12.1%	10.5%	11.7%	11.8%
Net margin	7.5%	-17.0%	-46.7%	2.1%	0.7%	-0.5%	1.3%	1.4%
Current ratio	0.75×	1.52×	1.92×	1.13×	1.61×	1.22×	1.17×	1.33×
Debt / equity	3.47×	6.58×	4.72×	2.37×	2.02×	2.67×	4.56×	1.6×
Interest coverage	2.14×	1.63×	1.49×	1.75×	2.33×	0.99×	1.23×	1.39×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.7%	1.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2108.4%	750.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	18.3%	-49.0%	-88.2%	2.6%	0.6%	-0.4%	2.7%	1.6%
Return on invested capital	7.0%	0.1%	4.3%	2.1%	0.9%	-1.3%	2.5%	3.4%
Return on assets	3.4%	-5.7%	-13.5%	0.7%	0.2%	-0.1%	0.4%	0.5%
Free cash flow yield	4.5%	-1.7%	-15.9%	-5.4%	2.3%	0.7%	0.3%	0.4%
Earnings yield	5.8%	-11.4%	-34.6%	1.0%	0.2%	-0.1%	0.2%	0.2%
Enterprise value	$5B	$6.4B	$6.4B	$8.1B	$8.2B	$7.3B	$5.7B	$5.1B
Net debt / EBITDA	6.52×	10.22×	13.81×	11.19×	12.48×	16.8×	13.67×	8.51×
Cash conversion cycle (days)	19	28	42	39	13	9	-6	3