Ingram Micro Holding Corporation (INGM) 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

+77.9%

$50.32

vs $28.28 price

Levered DCF

$153.79

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.25

Safe 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	15.81×	16.6×	16.4×	2.41×	12.18×	9.01×	11.5×	0×
P/B	1.22×	1.18×	1.65×	1.89×	2.14×	1.15×	1.24×	0×
P/S	0.1×	0.09×	0.12×	0.11×	0.11×	0.12×	0.12×	0×
EV / EBITDA	6.03×	6.62×	7.72×	2.69×	7.33×	4.68×	6.36×	1.19×
Gross margin	6.7%	7.2%	7.4%	7.3%	7.5%	7.3%	7.1%	6.3%
Operating margin	1.8%	1.7%	2.0%	6.4%	1.6%	1.8%	1.5%	1.1%
Net margin	0.6%	0.6%	0.7%	4.7%	0.9%	1.3%	1.1%	0.7%
Current ratio	1.33×	1.4×	1.44×	1.43×	1.39×	1.36×	1.45×	1.4×
Debt / equity	0.86×	1.02×	1.25×	1.56×	1.91×	0.31×	0.32×	0.34×
Interest coverage	3.09×	2.42×	2.48×	10.15×	2.72×	10.27×	6.49×	6.35×
Dividend yield	1.5%	0.1%	0.2%	30.4%	7.4%	6.2%	4.3%	0.0%
Payout ratio	23.9%	2.3%	3.0%	73.2%	90.6%	56.2%	49.4%	51.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.7%	7.1%	10.1%	78.3%	17.6%	12.8%	10.8%	8.0%
Return on invested capital	7.1%	6.3%	7.8%	34.3%	8.0%	10.0%	9.2%	7.1%
Return on assets	1.5%	1.4%	1.9%	12.5%	2.4%	3.6%	3.3%	2.3%
Free cash flow yield	15.1%	4.3%	-2.5%	-8.6%	-22.3%	23.5%	6.8%	0.0%
Earnings yield	6.3%	6.0%	6.1%	41.5%	8.2%	11.1%	8.7%	0.0%
Enterprise value	$7B	$7.3B	$9.2B	$9.2B	$9.7B	$5.9B	$6.6B	$954.6M
Net debt / EBITDA	1.55×	2.63×	2.88×	1.01×	2.97×	0.13×	0.78×	1.19×
Cash conversion cycle (days)	21	28	31	28	24	23	29	25