Embecta Corp. (EMBC) 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

+437.2%

$33.25

vs $6.19 price

Levered DCF

$26.78

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.32

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	8.6×	10.52×	12.24×	7.34×	6.43×	6.27×	6.2×
P/B	-1.26×	-1.11×	-1.05×	-1.84×	4.49×	4.68×	4.64×
P/S	0.76×	0.73×	0.77×	1.45×	2.29×	2.47×	2.42×
EV / EBITDA	7.13×	11.23×	8.86×	8.84×	5.02×	5.11×	5×
Gross margin	62.9%	64.9%	66.9%	68.6%	68.7%	70.3%	70.9%
Operating margin	30.5%	15.5%	20.5%	33.5%	42.2%	44.9%	45.3%
Net margin	8.8%	7.0%	6.3%	19.8%	35.6%	39.4%	39.0%
Current ratio	2.41×	2.03×	2.12×	2.21×	1.78×	1.72×	1.97×
Debt / equity	-2.2×	-2.18×	-1.99×	-1.84×	0.01×	0×	0×
Interest coverage	3.07×	1.55×	2.15×	8.18×	0×	0×	0×
Dividend yield	4.3%	4.2%	4.0%	0.5%	0.0%	0.0%	0.0%
Payout ratio	36.7%	44.1%	48.9%	3.8%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-14.6%	-10.6%	-8.6%	-25.1%	69.8%	74.8%	74.9%
Return on invested capital	27.4%	18.8%	17.4%	41.3%	66.0%	71.3%	70.1%
Return on assets	8.7%	6.1%	5.8%	20.6%	52.6%	57.9%	58.0%
Free cash flow yield	22.2%	2.4%	4.8%	23.6%	15.6%	17.0%	16.3%
Earnings yield	11.6%	9.5%	8.2%	13.6%	15.5%	16.0%	16.1%
Enterprise value	$2B	$2.2B	$2.2B	$3B	$2.7B	$2.7B	$2.7B
Net debt / EBITDA	4.24×	6.96×	5.35×	3.92×	0.01×	0×	0×
Cash conversion cycle (days)	145	155	103	91	111	99	103