Garrett Motion Inc. (GTX) 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

+11.6%

$22.56

vs $20.22 price

Levered DCF

$5.59

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.15

Grey zone

Rating

C+

Overall 2 / 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	11.25×	7.11×	-31.19×	10.03×	4.75×	4.18×	2.38×	0.77×
P/B	-4.34×	-2.98×	-2.19×	-4.25×	-1.2×	-0.14×	-0.35×	-0.35×
P/S	0.97×	0.58×	0.41×	0.14×	0.15×	0.11×	0.23×	0.27×
EV / EBITDA	8.07×	5.77×	5.1×	2.18×	2.39×	4.59×	4.12×	4.69×
Gross margin	24.5%	25.6%	23.4%	23.3%	23.6%	22.3%	25.9%	26.7%
Operating margin	13.8%	13.3%	12.5%	13.1%	14.0%	9.5%	14.3%	15.5%
Net margin	8.6%	8.1%	6.7%	10.8%	13.6%	2.6%	9.6%	35.0%
Current ratio	0.97×	0.93×	1.02×	1.04×	1×	1.02×	0.86×	0.79×
Debt / equity	-1.88×	-2.26×	-2.3×	-10.34×	-3.49×	-0.72×	-0.68×	-0.61×
Interest coverage	4.7×	2.95×	3.04×	5.61×	5.39×	3.6×	6.82×	27.58×
Dividend yield	1.5%	0.0%	2.6%	16.8%	0.0%	0.0%	0.0%	0.0%
Payout ratio	16.8%	0.0%	16.1%	21.3%	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	-38.7%	-41.9%	-35.5%	-336.2%	-105.8%	-3.5%	-14.7%	-45.5%
Return on invested capital	38.1%	37.5%	31.3%	29.0%	33.0%	11.0%	46.9%	83.8%
Return on assets	13.1%	12.4%	10.3%	14.8%	18.3%	2.7%	13.8%	56.1%
Free cash flow yield	9.8%	15.8%	23.7%	57.6%	-68.2%	-16.4%	18.8%	30.4%
Earnings yield	8.9%	14.0%	16.2%	79.1%	88.4%	23.9%	42.0%	129.1%
Enterprise value	$4.8B	$3.4B	$3B	$1.4B	$1.7B	$1.3B	$2B	$2.3B
Net debt / EBITDA	2.23×	2.37×	2.4×	1.43×	1.62×	3.42×	2.59×	2.84×
Cash conversion cycle (days)	-23	-23	-22	-16	-24	-18	-40	-29