Integer Holdings Corporation (ITGR) 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

-2.4%

$123.65

vs $126.67 price

Levered DCF

$49.68

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.87

Grey 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	26.5×	36.81×	36.43×	34.75×	30.35×	34.55×	28.73×	14.58×
P/B	1.56×	2.75×	2.17×	1.6×	2.08×	2.1×	2.28×	2.31×
P/S	1.48×	2.59×	2.12×	1.7×	2.31×	2.48×	2.09×	2.02×
EV / EBITDA	13.76×	16.48×	15.6×	14.6×	16.54×	18.55×	14.02×	12.86×
Gross margin	23.1%	26.9%	26.5%	26.0%	27.6%	26.6%	28.2%	29.8%
Operating margin	11.3%	12.1%	10.5%	8.5%	11.1%	11.2%	12.5%	12.8%
Net margin	5.6%	7.0%	5.8%	5.0%	7.9%	7.2%	7.7%	13.8%
Current ratio	3.32×	2.95×	2.8×	2.5×	2.84×	2.64×	2.32×	2.53×
Debt / equity	0.8×	0.68×	0.69×	0.71×	0.67×	0.61×	0.75×	0.87×
Interest coverage	4.95×	3.69×	3.06×	3.02×	4.29×	3.16×	3×	1.57×
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	5.9%	7.4%	6.0%	4.7%	7.1%	6.1%	8.4%	15.8%
Return on invested capital	5.4%	5.9%	5.1%	3.8%	5.1%	4.8%	6.2%	5.4%
Return on assets	3.0%	3.9%	3.1%	2.4%	3.7%	3.3%	4.1%	7.2%
Free cash flow yield	3.9%	2.2%	1.8%	1.8%	3.7%	4.9%	4.5%	5.0%
Earnings yield	3.8%	2.7%	2.7%	2.9%	3.4%	2.9%	3.7%	6.9%
Enterprise value	$4.1B	$5.5B	$4.3B	$3.3B	$3.7B	$3.4B	$3.5B	$3.4B
Net debt / EBITDA	4.63×	3.16×	3.71×	4.42×	3.96×	3.98×	3.42×	3.45×
Cash conversion cycle (days)	105	117	110	118	108	113	104	113