Kewaunee Scientific Corporation (KEQU) 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

-90.7%

$3.12

vs $33.40 price

Levered DCF

$29.25

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.41

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	11.01×	7.96×	5.48×	32.51×	-6.63×	-9.16×	-6.09×	40.41×
P/B	1.42×	1.41×	1.88×	1.18×	1.11×	0.8×	0.73×	1.32×
P/S	0.38×	0.38×	0.5×	0.2×	0.24×	0.22×	0.19×	0.42×
EV / EBITDA	5.22×	5.53×	5.02×	5.99×	112.29×	96×	133.69×	14.2×
Gross margin	28.5%	28.6%	25.5%	16.2%	14.3%	16.3%	15.9%	17.3%
Operating margin	5.9%	7.4%	9.0%	1.7%	-1.5%	-0.9%	-1.6%	1.4%
Net margin	3.4%	4.7%	9.2%	0.6%	-3.6%	-2.4%	-3.1%	1.0%
Current ratio	2.18×	2.2×	2.37×	2.2×	2.17×	1.77×	2×	2×
Debt / equity	0.4×	0.78×	0.2×	0.35×	1.89×	0.39×	0.36×	0.23×
Interest coverage	4.33×	5.53×	10.16×	2.09×	-4.13×	-3.38×	-4.76×	5.75×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.7%	3.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-22.6%	132.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.9%	17.7%	34.2%	3.6%	-16.8%	-8.7%	-12.0%	3.2%
Return on invested capital	9.2%	9.4%	18.4%	1.3%	-3.3%	-2.1%	-3.7%	2.6%
Return on assets	5.4%	5.9%	13.9%	1.1%	-5.1%	-4.0%	-5.5%	1.8%
Free cash flow yield	13.9%	13.9%	14.8%	-18.0%	-24.6%	-4.5%	6.0%	-2.8%
Earnings yield	9.1%	12.6%	18.2%	3.1%	-15.1%	-10.9%	-16.4%	2.5%
Enterprise value	$124.5M	$125.9M	$90.5M	$48.9M	$102.9M	$44.1M	$37.6M	$62.3M
Net debt / EBITDA	0.78×	1.55×	-0.68×	0.59×	68.92×	23.84×	33.58×	0.06×
Cash conversion cycle (days)	91	107	75	73	109	81	76	89