HighPeak Energy, Inc. (HPK) 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

-1100.3%

-$86.72

vs $8.67 price

Levered DCF

-$75.85

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.8

Distress zone

Rating

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
P/E	36.46×	21.3×	8.68×	11.21×	26.62×	-14.52×	-79.77×
P/B	0.37×	1.15×	1.08×	2.05×	2.47×	3.1×	2.1×
P/S	0.69×	1.72×	1.51×	3.17×	6.19×	59.65×	117.04×
EV / EBITDA	2.63×	3.39×	3.13×	5.68×	10.18×	-113.45×	-128.09×
Gross margin	20.7%	35.2%	43.5%	62.2%	54.1%	-23.5%	0.3%
Operating margin	17.4%	31.6%	38.4%	55.9%	46.3%	-118.5%	-142.7%
Net margin	2.2%	8.9%	19.4%	31.3%	25.2%	-412.1%	-142.7%
Current ratio	1.13×	0.69×	1.14×	0.54×	0.84×	1.48×	2.97×
Debt / equity	0.71×	0.58×	0.74×	0.6×	0.18×	0×	0×
Interest coverage	1.02×	2×	2.88×	8.35×	41×	-3,647.63×	0×
Dividend yield	3.9%	1.2%	0.8%	0.5%	0.9%	0.2%	0.0%
Payout ratio	121.3%	23.3%	6.1%	4.9%	22.7%	-2.7%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.2%	5.9%	13.9%	20.3%	10.0%	-21.4%	-2.6%
Return on invested capital	3.5%	8.8%	11.2%	15.9%	10.9%	-5.4%	-2.5%
Return on assets	0.6%	3.1%	7.0%	10.4%	6.8%	-18.9%	-2.3%
Free cash flow yield	-1.8%	3.8%	-22.0%	-33.7%	-10.6%	-8.4%	-7.7%
Earnings yield	3.2%	5.2%	12.9%	9.9%	4.1%	-6.9%	-1.2%
Enterprise value	$1.6B	$2.7B	$2.6B	$3.1B	$1.4B	$1.4B	$927.1M
Net debt / EBITDA	1.63×	1.06×	1.13×	1.25×	0.45×	1.48×	3.14×
Cash conversion cycle (days)	-17	-4	-2	-71	-61	78	-153