Grindr Inc. (GRND) 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

+446.7%

$69.62

vs $12.74 price

Levered DCF

$64.46

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.7

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
P/E	27.08×	-24.11×	-27.44×	861.11×	306.04×	-17.78×	211.71×
P/B	54.65×	-23.85×	-83.6×	181.18×	5.88×	1.44×	0×
P/S	5.84×	9.1×	5.89×	3.76×	10.61×	3.52×	15.01×
EV / EBITDA	19.86×	30.45×	86.65×	15.8×	24.47×	18.64×	0×
Gross margin	72.4%	74.6%	74.0%	73.7%	74.4%	69.9%	74.7%
Operating margin	28.7%	26.9%	21.4%	6.7%	16.3%	-0.9%	9.3%
Net margin	21.5%	-38.0%	-21.5%	0.4%	3.5%	-12.5%	7.1%
Current ratio	1.96×	1.73×	1.18×	0.7×	1.47×	0.72×	0×
Debt / equity	8.52×	-2.23×	-18.82×	90.16×	0.52×	0.76×	0×
Interest coverage	7.16×	3.61×	1.21×	0.41×	1.27×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	26.7%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	23040.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	201.6%	99.6%	304.9%	21.0%	1.9%	-5.1%	0.0%
Return on invested capital	21.5%	21.6%	13.8%	-396.5%	4.5%	-0.2%	0.0%
Return on assets	17.8%	-27.3%	-12.5%	0.2%	1.1%	-2.6%	0.0%
Free cash flow yield	5.5%	3.0%	2.1%	6.1%	2.0%	7.0%	2.2%
Earnings yield	3.7%	-4.2%	-3.6%	0.1%	0.3%	-3.6%	0.5%
Enterprise value	$2.9B	$3.4B	$1.8B	$1.1B	$1.7B	$520.7M	$0
Net debt / EBITDA	2.16×	2.12×	14.86×	5.17×	1.78×	5.46×	0×
Cash conversion cycle (days)	51	40	31	3	29	34	0