K-Bro Linen Inc. (KBL.TO) 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

+1128.4%

CA$511.89

vs CA$41.67 price

Levered DCF

CA$426.94

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.93

Grey zone

Rating

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	23.1×	21.28×	19.75×	73.78×	41.71×	108.25×	40.43×	56.68×
P/B	1.52×	2.1×	1.99×	1.65×	1.95×	2.17×	2.25×	1.76×
P/S	0.82×	1.06×	1.08×	1.05×	1.62×	2.09×	1.75×	1.46×
EV / EBITDA	7.96×	8.24×	8.24×	10.62×	10.69×	12.97×	11.52×	14.17×
Gross margin	19.3%	86.6%	35.7%	84.7%	83.5%	83.8%	85.8%	85.3%
Operating margin	7.8%	9.3%	8.9%	3.4%	6.9%	7.9%	7.6%	4.4%
Net margin	3.5%	5.0%	5.5%	1.4%	3.9%	1.9%	4.3%	2.6%
Current ratio	1.88×	1.95×	1.73×	1.84×	1.7×	1.72×	1.78×	1.97×
Debt / equity	1.17×	0.94×	0.71×	0.56×	0.51×	0.46×	0.56×	0.35×
Interest coverage	2.41×	3.09×	4.34×	2.42×	5.21×	4.28×	3.57×	3.76×
Dividend yield	3.4%	3.2%	3.7%	4.4%	3.5%	3.1%	2.9%	3.6%
Payout ratio	78.6%	67.9%	73.3%	330.3%	147.7%	337.8%	116.5%	205.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.6%	9.9%	10.1%	2.2%	4.7%	2.0%	5.6%	3.1%
Return on invested capital	4.6%	6.9%	6.9%	2.3%	3.6%	3.1%	4.7%	3.1%
Return on assets	2.6%	4.3%	4.8%	1.2%	2.6%	1.2%	3.1%	1.9%
Free cash flow yield	11.4%	7.7%	8.4%	5.0%	5.9%	9.2%	6.7%	-5.5%
Earnings yield	4.3%	4.7%	5.1%	1.3%	2.4%	0.9%	2.5%	1.8%
Enterprise value	CA$712.2M	CA$566.6M	CA$465.1M	CA$387.1M	CA$456.6M	CA$495.7M	CA$545.9M	CA$417.4M
Net debt / EBITDA	3.32×	2.46×	2.08×	2.64×	2.2×	2.2×	2.2×	2.29×
Cash conversion cycle (days)	64	-257	-10	-158	-193	-181	-151	-253