Finance of America Companies Inc. (FOA) 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

-190152.0%

-$20,810.69

vs $10.95 price

Levered DCF

$13,819.41

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-0.01

Distress zone

Rating

C-

Overall 1 / 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	6.47×	17.91×	-1.13×	-0.41×	-0.95×	1.2×	4.23×	10.86×
P/B	0.63×	1.09×	0.39×	0.31×	0.62×	0.48×	0.67×	3,043.87×
P/S	0.1×	0.14×	0.06×	0.12×	0.18×	0.13×	0.21×	0.44×
EV / EBITDA	198.35×	354.06×	-223.58×	-72.43×	-17.99×	35.63×	42.36×	254.41×
Gross margin	19.4%	13.9%	11.3%	-4.7%	95.3%	72.8%	56.0%	100.0%
Operating margin	5.3%	2.2%	-10.6%	-49.9%	15.7%	20.9%	5.1%	7.0%
Net margin	2.1%	0.8%	-5.1%	-27.8%	-19.1%	21.7%	3.6%	4.1%
Current ratio	8×	0.09×	0.13×	0.14×	0.08×	0.12×	0.87×	1×
Debt / equity	93.27×	112.49×	114.63×	79.22×	52.35×	29.39×	8.08×	28,893.01×
Interest coverage	0.07×	0.03×	-0.12×	-0.48×	1.45×	0.77×	0.12×	0×
Dividend yield	0.1%	0.0%	0.0%	0.0%	31.3%	127.2%	0.8%	0.0%
Payout ratio	0.4%	0.0%	0.0%	0.0%	-29.8%	73.4%	4.9%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.0%	6.1%	-34.5%	-75.1%	-64.9%	82.5%	11.3%	28037.5%
Return on invested capital	0.4%	0.1%	-0.6%	-1.6%	0.9%	2.6%	0.5%	0.4%
Return on assets	0.1%	0.1%	-0.3%	-0.9%	-1.2%	2.6%	0.3%	0.2%
Free cash flow yield	-209.3%	-153.0%	-79.4%	1779.3%	-47.9%	-237.2%	29.8%	169.6%
Earnings yield	22.0%	5.6%	-88.8%	-241.0%	-105.3%	173.4%	16.8%	9.2%
Enterprise value	$30.1B	$28.9B	$26.7B	$20.1B	$20.4B	$18.5B	$4.1B	$3.7B
Net debt / EBITDA	196.99×	350.68×	-222.82×	-72.14×	-17.78×	35.05×	39.01×	230.16×
Cash conversion cycle (days)	5	12	24	64	30	18	0	0