L.B. Foster Company (FSTR) 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

+58.1%

$57.97

vs $36.68 price

Levered DCF

$95.30

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.45

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	36.92×	6.71×	157.07×	-2.28×	40.44×	20.9×	4.74×	-5.28×
P/B	1.6×	1.62×	1.67×	0.76×	0.8×	0.9×	1.19×	1.35×
P/S	0.52×	0.54×	0.44×	0.21×	0.28×	0.32×	0.33×	0.26×
EV / EBITDA	9.85×	10.37×	13.9×	22.68×	8.36×	6.69×	5.77×	-118.89×
Gross margin	21.1%	22.2%	20.6%	18.0%	16.8%	19.1%	19.6%	18.7%
Operating margin	4.1%	3.9%	1.7%	-1.4%	0.9%	3.1%	5.4%	-3.3%
Net margin	1.4%	8.1%	0.3%	-9.2%	0.7%	1.5%	6.9%	-5.0%
Current ratio	1.87×	1.83×	1.77×	2×	2.08×	2.05×	1.86×	1.83×
Debt / equity	0.38×	0.35×	0.47×	0.77×	0.24×	0.33×	0.4×	0.61×
Interest coverage	4.48×	4.11×	1.65×	-2.16×	1.51×	4.16×	6.84×	-3.34×
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	4.3%	24.1%	1.0%	-33.2%	2.0%	4.3%	25.1%	-25.5%
Return on invested capital	3.8%	8.3%	4.2%	-2.7%	1.3%	5.7%	11.5%	-7.9%
Return on assets	2.3%	12.8%	0.5%	-12.5%	1.1%	2.0%	10.5%	-8.1%
Free cash flow yield	9.0%	4.5%	13.7%	-17.5%	-3.9%	4.9%	10.1%	12.6%
Earnings yield	2.7%	14.9%	0.6%	-43.9%	2.5%	4.8%	21.1%	-18.9%
Enterprise value	$342.3M	$347.6M	$302M	$206.9M	$179.2M	$209.6M	$254.7M	$229.5M
Net debt / EBITDA	1.8×	1.77×	2.97×	11.31×	1.55×	1.63×	1.2×	-33.52×
Cash conversion cycle (days)	65	74	84	109	84	92	79	83