HCI Group, Inc. (HCI) 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

+9.5%

$219.12

vs $200.11 price

Levered DCF

$750.12

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.33

Grey zone

Rating

A+

Overall 5 / 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	6.82×	11×	9.57×	-6.34×	363.22×	14.73×	13.75×	22.58×
P/B	2.1×	2.57×	2.79×	2.15×	2.09×	1.91×	1.86×	2.21×
P/S	2.43×	1.55×	1.65×	0.71×	1.68×	1.39×	1.43×	1.73×
EV / EBITDA	2.32×	4.29×	4.24×	-6.19×	4.76×	2.4×	5.02×	7.34×
Gross margin	73.2%	36.7%	37.2%	3.2%	20.2%	22.4%	37.9%	35.9%
Operating margin	47.7%	23.1%	21.4%	-13.9%	2.8%	13.4%	15.0%	11.6%
Net margin	33.2%	14.7%	14.4%	-11.9%	0.5%	10.0%	11.0%	7.7%
Current ratio	1.24×	0×	2.9×	54.45×	0×	0×	0×	45,366.93×
Debt / equity	0.07×	0.41×	0.65×	1.31×	0.19×	0.92×	0.94×	1.38×
Interest coverage	46.89×	13×	10.58×	-8.95×	1.78×	3.19×	2.8×	1.49×
Dividend yield	0.9%	1.4%	1.5%	4.4%	2.1%	3.3%	3.8%	2.8%
Payout ratio	6.5%	15.1%	17.4%	-26.0%	757.8%	46.0%	49.0%	63.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	28.7%	24.3%	24.3%	-36.0%	0.6%	13.7%	14.3%	9.8%
Return on invested capital	25.8%	10766.3%	4.9%	-2.7%	42.1%	99.3%	258.9%	1.8%
Return on assets	11.8%	4.9%	4.4%	-3.2%	0.2%	2.9%	3.3%	2.1%
Free cash flow yield	20.3%	28.1%	24.7%	-2.9%	13.8%	18.4%	14.8%	6.5%
Earnings yield	13.7%	9.4%	8.7%	-16.8%	0.3%	7.2%	7.7%	4.4%
Enterprise value	$1B	$818.9M	$580.1M	$326.6M	$109.8M	$137.4M	$290.8M	$411M
Net debt / EBITDA	-2.54×	-1.81×	-2.39×	0.43×	-24.53×	-4.32×	-0.95×	0.19×
Cash conversion cycle (days)	97	282	-1,043	126	115	224	249	-927