GigaCloud Technology Inc. (GCT) 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

-3.6%

$55.38

vs $57.46 price

Levered DCF

$99.60

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.14

Safe zone

Rating

A+

Overall 4 / 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
P/E	10.91×	6.05×	7.92×	9.48×	22.74×	3.98×	52.3×
P/B	3.09×	1.88×	2.57×	1.17×	4.96×	1.72×	5.49×
P/S	1.16×	0.66×	1.06×	0.47×	1.51×	0.54×	1.22×
EV / EBITDA	9.36×	6.6×	8.11×	7.06×	14.58×	2.01×	29.16×
Gross margin	23.3%	24.6%	26.8%	17.0%	21.6%	27.3%	18.1%
Operating margin	11.2%	11.3%	15.6%	7.1%	9.5%	16.0%	3.9%
Net margin	10.6%	10.8%	13.4%	4.9%	7.1%	13.6%	2.3%
Current ratio	2.02×	2.07×	1.91×	2.51×	3.02×	2.71×	2.08×
Debt / equity	0.97×	1.2×	1.39×	0.76×	0.04×	0.05×	0×
Interest coverage	725.36×	510.24×	88.77×	61.66×	127.36×	960.52×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	28.3%	31.0%	32.4%	12.3%	23.3%	43.2%	10.5%
Return on invested capital	12.9%	13.1%	12.9%	7.8%	23.0%	40.2%	10.5%
Return on assets	11.4%	11.8%	11.1%	5.7%	15.7%	27.1%	5.8%
Free cash flow yield	12.2%	18.7%	17.3%	21.4%	1.1%	21.9%	0.1%
Earnings yield	9.2%	16.5%	12.6%	10.5%	4.7%	25.1%	1.9%
Enterprise value	$1.6B	$985.3M	$966.4M	$233.7M	$565.8M	$91.5M	$143.8M
Net debt / EBITDA	0.53×	1.5×	1.85×	0.14×	-1.49×	-1.26×	-1.06×
Cash conversion cycle (days)	49	60	81	66	84	76	83