Frontdoor, Inc. (FTDR) 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

-50.2%

$44.65

vs $89.71 price

Levered DCF

$40.32

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

4.35

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	16.58×	17.92×	16.61×	23.91×	24.43×	38.33×	26.2×	17.99×
P/B	17.43×	17.61×	20.69×	27.89×	1,039.64×	-70.13×	-22.44×	-6.56×
P/S	2.01×	2.28×	1.59×	1.02×	1.95×	2.9×	2.94×	1.79×
EV / EBITDA	9.61×	12.27×	10.03×	13.31×	15.09×	18.77×	15.82×	12.55×
Gross margin	51.0%	51.7%	47.6%	40.7%	46.8%	46.3%	47.9%	43.9%
Operating margin	19.4%	19.4%	15.0%	9.3%	15.0%	14.6%	19.5%	17.0%
Net margin	12.2%	12.8%	9.6%	4.3%	8.0%	7.6%	11.2%	9.9%
Current ratio	1.55×	1.32×	1.1×	0.91×	0.78×	1.55×	1.27×	0.96×
Debt / equity	5.01×	5.1×	4.45×	10.28×	214.67×	-16.28×	-5.59×	-2.87×
Interest coverage	5.15×	7.44×	5.68×	5.92×	8.28×	4.48×	4.51×	9.3×
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	105.4%	98.3%	124.8%	116.4%	4266.7%	-183.6%	-85.5%	-36.4%
Return on invested capital	17.3%	15.4%	25.9%	16.0%	26.0%	16.0%	22.3%	22.8%
Return on assets	11.9%	11.2%	15.7%	6.6%	12.0%	8.0%	12.2%	12.0%
Free cash flow yield	9.2%	5.5%	6.0%	6.0%	4.9%	4.1%	4.4%	7.2%
Earnings yield	6.0%	5.6%	6.0%	4.2%	4.1%	2.6%	3.8%	5.6%
Enterprise value	$4.9B	$5B	$3.1B	$2B	$3.5B	$4.7B	$4.6B	$2.9B
Net debt / EBITDA	1.28×	1.96×	0.92×	2.19×	1.65×	1.59×	1.97×	2.94×
Cash conversion cycle (days)	-30	-27	-29	-31	-27	-24	-13	-18