Euronet Worldwide, Inc. (EEFT) 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

+461.7%

$371.61

vs $66.16 price

Levered DCF

$314.96

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.55

Distress zone

Rating

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	9.67×	15.08×	17.32×	20.08×	88.27×	-2,246.82×	24.28×	24.03×
P/B	2.29×	3.76×	3.94×	3.8×	4.99×	5.28×	5.33×	4.54×
P/S	0.71×	1.16×	1.33×	1.41×	2.09×	3.07×	3.06×	2.2×
EV / EBITDA	5.15×	7.23×	8.75×	9.79×	19.54×	43.1×	14.51×	11.81×
Gross margin	41.3%	40.1%	39.7%	39.9%	36.6%	36.5%	43.4%	41.3%
Operating margin	12.5%	12.6%	11.7%	11.5%	6.1%	1.9%	17.3%	14.1%
Net margin	7.3%	7.7%	7.6%	6.9%	2.4%	-0.1%	12.6%	9.2%
Current ratio	1.11×	1.25×	1.54×	1.58×	1.79×	1.81×	1.79×	1.51×
Debt / equity	1.67×	1.7×	1.61×	1.42×	1.27×	1.11×	0.93×	0.52×
Interest coverage	6.27×	6.25×	7.78×	10.28×	4.8×	1.27×	13.11×	9.53×
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	23.7%	24.9%	22.4%	18.6%	5.6%	-0.2%	22.0%	18.9%
Return on invested capital	10.1%	9.9%	8.9%	8.9%	3.2%	-0.6%	12.0%	14.2%
Return on assets	4.8%	5.2%	4.7%	4.3%	1.5%	-0.1%	7.4%	7.0%
Free cash flow yield	13.7%	13.3%	11.2%	13.6%	5.0%	2.0%	4.4%	5.1%
Earnings yield	10.3%	6.6%	5.7%	4.9%	1.1%	-0.0%	4.1%	4.2%
Enterprise value	$3.5B	$4.8B	$5.2B	$4.9B	$6.1B	$7.4B	$8.4B	$5.2B
Net debt / EBITDA	0.69×	0.24×	0.4×	0.24×	-0.7×	-1.32×	0.04×	-0.94×
Cash conversion cycle (days)	-104	-8	-3	-11	-12	-17	8	11