Hillman Solutions Corp. (HLMN) 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

+59.3%

$13.73

vs $8.62 price

Levered DCF

$13.68

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.51

Distress zone

Rating

B-

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	FY2018
P/E	45.45×	108.89×	-184.2×	-90.13×	-38.39×	-38.81×	-21.33×	-0.09×
P/B	1.46×	1.63×	1.55×	1.17×	1.26×	2.58×	4.92×	0.01×
P/S	1.16×	1.31×	1.21×	0.91×	1.02×	0.69×	1.52×	0.01×
EV / EBITDA	10.21×	12.37×	14.19×	14.34×	17.48×	12.86×	26.95×	12.94×
Gross margin	39.6%	48.1%	43.9%	43.0%	39.7%	42.9%	42.9%	44.8%
Operating margin	7.6%	6.0%	4.1%	2.7%	0.7%	4.8%	0.6%	3.2%
Net margin	2.6%	1.2%	-0.6%	-1.1%	-2.7%	-1.8%	-7.0%	-6.0%
Current ratio	2.51×	2.26×	2.46×	2.93×	2.41×	1.78×	2.11×	2.41×
Debt / equity	0.67×	0.67×	0.72×	0.84×	0.88×	4.48×	4.5×	3.64×
Interest coverage	2.08×	1.5×	0.89×	0.73×	0.15×	0.66×	0.07×	0×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.3%	1.5%	-0.8%	-1.4%	-3.3%	-6.7%	-22.9%	-13.4%
Return on invested capital	3.9%	2.7%	2.9%	1.8%	0.3%	2.2%	0.3%	1.2%
Return on assets	1.7%	0.7%	-0.4%	-0.7%	-1.5%	-1.0%	-3.5%	-2.4%
Free cash flow yield	2.0%	5.1%	9.6%	3.6%	-11.2%	5.0%	-0.3%	-1202.1%
Earnings yield	2.2%	0.9%	-0.5%	-1.2%	-2.6%	-2.6%	-4.6%	-1100.9%
Enterprise value	$2.6B	$2.7B	$2.6B	$2.3B	$2.4B	$2.6B	$3.5B	$1.6B
Net debt / EBITDA	3.15×	3.47×	4.37×	5.86×	7.11×	8.11×	12.8×	12.9×
Cash conversion cycle (days)	161	154	132	176	175	121	131	167