Knowles Corporation (KN) 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

-86.3%

$4.67

vs $34.02 price

Levered DCF

$7.73

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

6.52

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	42.02×	-7.41×	22.39×	-3.5×	14.33×	583.23×	39.17×	17.75×
P/B	2.37×	2.34×	1.57×	1.52×	1.48×	1.3×	1.5×	0.99×
P/S	3.1×	3.2×	3.56×	3.14×	2.48×	2.21×	2.26×	1.45×
EV / EBITDA	17.65×	20.07×	25.77×	10.46×	12.06×	19.6×	15.07×	9.96×
Gross margin	41.2%	40.0%	43.8%	47.4%	39.3%	33.9%	37.9%	38.3%
Operating margin	13.1%	10.2%	10.8%	19.0%	13.6%	6.3%	10.3%	9.7%
Net margin	7.5%	-43.3%	15.8%	-89.8%	17.3%	0.9%	5.7%	8.0%
Current ratio	2.75×	1.83×	2.61×	3.66×	2.29×	1.41×	2.56×	2.57×
Debt / equity	0.19×	0.28×	0.28×	0.06×	0.07×	0.16×	0.16×	0.14×
Interest coverage	8.35×	2.82×	6.68×	21.12×	8.21×	2.8×	5.76×	4.81×
Dividend yield	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	14.0%	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	5.7%	-31.7%	7.0%	-43.3%	10.3%	0.5%	3.8%	5.5%
Return on invested capital	6.5%	3.8%	3.7%	6.3%	7.5%	0.8%	4.3%	5.5%
Return on assets	4.2%	-21.4%	4.9%	-36.3%	8.7%	0.4%	3.0%	4.3%
Free cash flow yield	4.5%	6.6%	6.5%	3.6%	6.2%	5.7%	4.3%	1.5%
Earnings yield	2.4%	-13.5%	4.4%	-28.6%	7.0%	0.4%	2.5%	5.5%
Enterprise value	$1.9B	$1.9B	$1.8B	$1.5B	$2.2B	$1.7B	$2.1B	$1.3B
Net debt / EBITDA	0.88×	0.9×	2.81×	0.11×	0.18×	0.61×	0.9×	0.75×
Cash conversion cycle (days)	149	135	202	288	105	106	105	107