Flowserve Corporation (FLS) 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

-67.7%

$26.38

vs $81.75 price

Levered DCF

$28.76

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.82

Safe 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	FY2018
P/E	26.08×	26.75×	29.03×	21.31×	31.55×	36.85×	27.35×	41.78×
P/B	4.12×	3.77×	2.8×	2.2×	2.21×	2.77×	3.64×	3.03×
P/S	1.91×	1.66×	1.25×	1.11×	1.13×	1.29×	1.65×	1.3×
EV / EBITDA	14.34×	15.85×	16.77×	17.26×	16.6×	15.72×	15.34×	16.83×
Gross margin	34.6%	32.2%	30.0%	27.5%	30.1%	31.2%	33.1%	32.3%
Operating margin	13.0%	11.3%	9.3%	5.3%	8.1%	9.6%	11.0%	8.1%
Net margin	7.3%	6.2%	4.3%	5.2%	3.6%	3.5%	6.4%	3.1%
Current ratio	2.03×	1.98×	1.88×	1.97×	2.11×	2.54×	2.25×	2.2×
Debt / equity	0.8×	0.84×	0.73×	0.8×	0.83×	1.12×	0.87×	0.9×
Interest coverage	7.91×	7.44×	6.03×	4.18×	4.95×	6.39×	7.89×	5.33×
Dividend yield	1.2%	1.5%	1.9%	2.6%	2.6%	2.2%	1.5%	2.0%
Payout ratio	31.7%	39.1%	56.2%	55.4%	83.1%	79.9%	39.2%	83.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.8%	14.1%	9.6%	10.3%	7.0%	7.5%	14.2%	7.3%
Return on invested capital	10.1%	9.8%	9.8%	5.3%	7.7%	5.9%	8.5%	6.1%
Return on assets	6.1%	5.1%	3.7%	3.9%	2.7%	2.5%	5.2%	2.6%
Free cash flow yield	4.8%	4.6%	4.8%	-2.9%	4.9%	5.3%	3.8%	2.1%
Earnings yield	3.8%	3.7%	3.4%	4.7%	3.2%	2.7%	3.9%	2.4%
Enterprise value	$10B	$8.6B	$6.3B	$5B	$4.8B	$5.6B	$7.4B	$5.8B
Net debt / EBITDA	1.43×	1.87×	2.29×	3.52×	2.9×	2.35×	1.85×	2.49×
Cash conversion cycle (days)	132	137	138	157	136	133	128	127