The Hackett Group, Inc. (HCKT) 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

+35.7%

$17.91

vs $13.20 price

Levered DCF

$23.05

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.02

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	FY2018
P/E	42.49×	28.58×	18.07×	15.67×	14.88×	79.94×	20.69×	21.64×
P/B	8.01×	7.36×	6.87×	10.98×	4.28×	3.06×	3.5×	4.17×
P/S	1.78×	2.71×	2.09×	2.18×	2.21×	1.8×	1.7×	1.8×
EV / EBITDA	21.13×	17.53×	12×	11.42×	11.29×	29.59×	13.01×	13.23×
Gross margin	38.3%	39.3%	39.2%	39.3%	37.9%	30.5%	34.3%	34.8%
Operating margin	8.7%	14.2%	16.6%	18.8%	16.7%	3.6%	11.1%	11.7%
Net margin	4.2%	9.4%	11.5%	13.9%	14.9%	2.3%	8.2%	8.4%
Current ratio	1.72×	1.44×	1.51×	1.36×	1.86×	1.99×	1.8×	1.65×
Debt / equity	1.17×	0.14×	0.38×	1.05×	0.03×	0.04×	0.06×	0.05×
Interest coverage	15.53×	27.97×	15.23×	383.67×	489.22×	68.59×	100.77×	52.62×
Dividend yield	2.4%	1.4%	1.9%	1.6%	2.1%	3.5%	2.3%	1.9%
Payout ratio	99.7%	40.9%	35.1%	25.6%	31.0%	272.9%	48.1%	42.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.0%	25.6%	37.9%	70.0%	28.9%	3.9%	16.9%	19.3%
Return on invested capital	10.1%	22.0%	27.6%	32.4%	26.9%	3.8%	15.4%	20.4%
Return on assets	6.3%	15.4%	18.8%	22.1%	20.0%	2.8%	12.0%	13.2%
Free cash flow yield	5.9%	5.1%	5.4%	8.5%	7.0%	9.8%	7.9%	4.4%
Earnings yield	2.4%	3.5%	5.5%	6.4%	6.7%	1.3%	4.8%	4.6%
Enterprise value	$606.6M	$850.1M	$632.1M	$670.5M	$574.3M	$388.2M	$463.1M	$508M
Net debt / EBITDA	2.14×	-0.01×	0.26×	0.53×	-0.83×	-3.3×	-0.51×	-0.19×
Cash conversion cycle (days)	59	54	49	42	50	37	48	55