Haverty Furniture Companies, Inc. (HVT) 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

-43.9%

$16.88

vs $30.10 price

Levered DCF

$13.51

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.17

Safe zone

Rating

B-

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	19.15×	18.25×	9.44×	5.09×	6.08×	8.73×	18.33×	12.69×
P/B	1.19×	1.18×	1.73×	1.57×	2.15×	2.04×	1.54×	1.4×
P/S	0.48×	0.5×	0.62×	0.43×	0.54×	0.69×	0.5×	0.47×
EV / EBITDA	9.06×	9.67×	6.89×	4.06×	4.57×	9.17×	10.59×	5.1×
Gross margin	60.7%	60.7%	60.7%	57.7%	56.7%	56.0%	54.2%	54.6%
Operating margin	2.8%	2.7%	7.8%	11.3%	11.7%	5.6%	3.4%	5.1%
Net margin	2.6%	2.8%	6.5%	8.5%	9.0%	7.9%	2.7%	3.7%
Current ratio	1.87×	1.82×	1.82×	1.79×	1.47×	1.55×	1.61×	2.29×
Debt / equity	0.7×	0.71×	0.71×	0.76×	0.9×	0.92×	0.69×	0.18×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	17.01×
Dividend yield	5.7%	5.6%	6.6%	7.5%	9.5%	9.8%	3.8%	9.2%
Payout ratio	105.6%	102.6%	62.6%	38.0%	57.8%	85.4%	68.9%	117.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.4%	6.5%	18.3%	30.9%	35.5%	23.4%	8.4%	11.0%
Return on invested capital	2.8%	2.7%	9.4%	16.7%	17.8%	6.3%	4.4%	8.8%
Return on assets	3.0%	3.1%	8.6%	13.8%	13.2%	8.7%	3.9%	6.9%
Free cash flow yield	9.0%	7.4%	8.3%	5.0%	11.5%	23.1%	11.6%	12.7%
Earnings yield	5.4%	5.5%	10.6%	19.6%	16.5%	11.5%	5.5%	7.9%
Enterprise value	$458.8M	$462.1M	$629.2M	$553.4M	$615.7M	$549.7M	$504.3M	$365M
Net debt / EBITDA	1.8×	2.06×	1.06×	0.72×	0.48×	0.56×	2.17×	-0.29×
Cash conversion cycle (days)	99	88	81	78	67	65	77	85