Envela Corporation (ELA) 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

+12.3%

$12.63

vs $11.24 price

Levered DCF

$4.90

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

11.03

Safe zone

Rating

B+

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	FY2018
P/E	23.89×	27.62×	18×	9.07×	11×	21.67×	13.5×	18.85×
P/B	5.18×	3.57×	2.7×	3.27×	3.97×	7.96×	3.25×	1.47×
P/S	1.44×	1.04×	0.74×	0.78×	0.78×	1.23×	0.44×	0.23×
EV / EBITDA	16.64×	17.28×	12.15×	8.98×	10.65×	19.3×	11.83×	11.17×
Gross margin	22.4%	24.6%	23.8%	24.5%	22.1%	20.2%	19.8%	17.9%
Operating margin	7.5%	4.5%	5.0%	7.6%	6.7%	6.0%	4.0%	1.2%
Net margin	6.1%	3.7%	4.1%	8.6%	7.1%	5.6%	3.4%	1.2%
Current ratio	3.5×	4.12×	5.55×	5.51×	3.51×	3.88×	3.82×	2.47×
Debt / equity	0.3×	0.35×	0.4×	0.51×	0.95×	1.15×	1.18×	0×
Interest coverage	44.53×	18.24×	18.9×	28.83×	13.49×	10.94×	7.81×	4.36×
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	21.8%	12.8%	14.8%	36.2%	36.4%	36.3%	24.8%	7.8%
Return on invested capital	16.2%	8.9%	10.3%	21.3%	17.5%	17.7%	12.8%	7.1%
Return on assets	15.2%	8.7%	9.7%	22.0%	17.0%	15.7%	10.3%	5.1%
Free cash flow yield	0.4%	3.6%	2.8%	6.9%	-0.3%	0.7%	-1.9%	1.5%
Earnings yield	4.2%	3.6%	5.5%	11.1%	9.2%	4.6%	7.7%	5.3%
Enterprise value	$349.3M	$185.7M	$131.8M	$146.5M	$125.6M	$151M	$45.1M	$10.9M
Net debt / EBITDA	0.08×	-0.21×	0.13×	0.3×	1.36×	1.41×	2.3×	-1.49×
Cash conversion cycle (days)	77	69	71	58	57	43	58	49