Energy Services of America Corporation (ESOA) 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

-45.4%

$4.86

vs $8.91 price

Levered DCF

-$8.44

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.41

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	453.95×	6.25×	9.2×	12.43×	-18.44×	5.47×	6.25×	8.14×
P/B	2.91×	2.68×	1.95×	1.65×	0.92×	0.44×	0.43×	0.86×
P/S	0.42×	0.45×	0.22×	0.24×	0.18×	0.09×	0.06×	0.15×
EV / EBITDA	13.7×	4.05×	4.82×	6.27×	8.94×	1.88×	3.11×	4.07×
Gross margin	9.4%	14.2%	12.1%	11.3%	10.6%	11.3%	7.3%	8.6%
Operating margin	1.0%	5.6%	4.3%	3.3%	-0.9%	3.1%	2.2%	2.9%
Net margin	0.1%	7.1%	2.4%	1.9%	-0.7%	2.0%	1.1%	1.9%
Current ratio	1.48×	1.49×	1.19×	1.08×	1.25×	2.22×	2.14×	1.6×
Debt / equity	1.25×	0.62×	1.39×	1.5×	1.11×	0.61×	0.79×	0.68×
Interest coverage	1.31×	9.06×	5.42×	6.57×	-1.6×	7.55×	3.59×	4.28×
Dividend yield	0.9%	0.6%	1.2%	0.0%	1.4%	8.9%	2.9%	1.5%
Payout ratio	396.2%	4.0%	11.3%	0.0%	-34.8%	41.3%	15.5%	12.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.6%	42.8%	21.4%	13.3%	-3.6%	9.4%	8.1%	10.8%
Return on invested capital	1.3%	14.6%	10.4%	5.4%	-2.0%	5.7%	4.1%	7.1%
Return on assets	0.2%	15.9%	5.2%	3.3%	-1.3%	4.2%	3.6%	4.6%
Free cash flow yield	-1.3%	6.3%	15.2%	6.4%	-23.2%	101.2%	9.1%	35.8%
Earnings yield	0.2%	15.9%	11.0%	8.0%	-3.9%	21.5%	18.9%	12.5%
Enterprise value	$234.3M	$180.9M	$99.2M	$81.6M	$41.8M	$15.9M	$25.4M	$34.8M
Net debt / EBITDA	3.63×	0.52×	1.54×	2.68×	4.11×	0.54×	1.82×	1.72×
Cash conversion cycle (days)	83	68	60	67	69	65	60	70