Floor & Decor Holdings, Inc. (FND) 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

-121.1%

-$10.47

vs $49.61 price

Levered DCF

-$17.12

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.49

Grey 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	32.58×	52.64×	48.29×	24.69×	47.97×	48.87×	33.65×	23.33×
P/B	2.82×	4.99×	6.14×	4.44×	10.29×	9.56×	6.61×	4.63×
P/S	1.45×	2.43×	2.69×	1.72×	3.96×	3.93×	2.47×	1.58×
EV / EBITDA	19.62×	25.21×	25.69×	16.47×	32.58×	34.2×	26.1×	15.56×
Gross margin	43.6%	43.3%	42.1%	40.5%	41.4%	42.7%	42.2%	41.1%
Operating margin	5.8%	5.7%	7.3%	9.3%	9.9%	8.8%	7.8%	7.7%
Net margin	4.5%	4.6%	5.6%	7.0%	8.2%	8.0%	7.4%	6.8%
Current ratio	1.33×	1.2×	1.14×	1.45×	1.23×	1.49×	1.27×	1.38×
Debt / equity	1.51×	0.78×	0.84×	1.05×	1.08×	1.25×	1.39×	0.25×
Interest coverage	23.97×	92.38×	32.48×	35.62×	68.84×	25.58×	18.09×	14.72×
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	8.7%	9.5%	12.7%	18.0%	21.4%	19.5%	19.7%	19.9%
Return on invested capital	4.7%	5.3%	7.0%	8.9%	10.2%	8.9%	7.6%	15.0%
Return on assets	3.8%	4.1%	5.3%	6.9%	7.6%	6.8%	5.9%	9.4%
Free cash flow yield	0.9%	1.4%	2.2%	-4.7%	-0.8%	2.0%	0.2%	1.3%
Earnings yield	3.1%	1.9%	2.1%	4.1%	2.1%	2.0%	3.0%	4.3%
Enterprise value	$10.2B	$12.3B	$13.4B	$9.1B	$14.9B	$10.5B	$6.1B	$2.9B
Net debt / EBITDA	6.51×	3.07×	3.04×	3.14×	2.81×	3.06×	4.44×	0.79×
Cash conversion cycle (days)	70	59	72	110	72	70	79	72