ITG Inc. (ITG) 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

+1362.8%

$89.38

vs $6.11 price

Levered DCF

$84.62

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.83

Grey zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
P/E	-1,771×	1,504.48×	-16.18×	-24.99×	6.3×	14.46×	24.48×	-1.4×
P/B	18.44×	2.9×	1.75×	1.6×	1.27×	1.77×	1.81×	0.84×
P/S	0.7×	2.04×	1.31×	1.38×	0.91×	1.31×	1.42×	0.69×
EV / EBITDA	14.24×	15.24×	8.41×	178.73×	1.99×	4.64×	5.81×	-0.65×
Gross margin	17.5%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	4.2%	2.4%	1.8%	-8.7%	19.4%	12.0%	8.6%	-53.1%
Net margin	-0.0%	0.1%	-8.2%	-5.5%	14.4%	9.1%	5.9%	-49.1%
Current ratio	2.57×	1.02×	1.02×	1.07×	1.19×	0.88×	0.95×	1.17×
Debt / equity	18.06×	0.22×	0.29×	0.19×	0.19×	0.19×	0.2×	0.09×
Interest coverage	1.14×	6.18×	4.22×	-18.5×	67.28×	28.99×	16.86×	-105.39×
Dividend yield	28.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-56352.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
Return on equity	-0.9%	0.2%	-10.9%	-6.4%	20.1%	12.2%	7.4%	-60.5%
Return on invested capital	4.6%	0.1%	-8.6%	-4.2%	6.1%	4.7%	1.6%	-12.2%
Return on assets	-0.0%	0.1%	-5.0%	-3.3%	5.4%	3.8%	1.4%	-11.3%
Free cash flow yield	-5.6%	5.2%	7.7%	2.1%	6.4%	17.5%	1.5%	-1.9%
Earnings yield	-0.0%	0.1%	-6.2%	-4.0%	15.9%	6.9%	4.1%	-71.7%
Enterprise value	$1.6B	$852.2M	$451.8M	$446.8M	$332M	$541.8M	$577M	$137.4M
Net debt / EBITDA	7.03×	-3.37×	-3.42×	-81.09×	-1.47×	-1.66×	-1.8×	0.99×
Cash conversion cycle (days)	99	30	0	0	0	0	0	0