Katapult Holdings, Inc. (KPLT) 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

+1619.2%

$189.97

vs $11.05 price

Levered DCF

-$37.27

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

Safe zone

Rating

C+

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	-53.83×	-1.14×	-1.21×	-2.32×	12.96×	17.11×	-11.37×	-3.3×
P/B	-0.81×	-0.63×	-1.59×	-45.5×	6.66×	-420.38×	-13×	-3.6×
P/S	0.11×	0.12×	0.2×	0.45×	0.9×	1.61×	3.39×	1.8×
EV / EBITDA	0.48×	0.88×	0.83×	1.41×	1.56×	3×	9.94×	9.18×
Gross margin	17.7%	18.5%	18.8%	17.9%	29.4%	32.3%	22.5%	12.8%
Operating margin	0.1%	-3.3%	-8.5%	-13.6%	9.9%	14.9%	-10.2%	-30.3%
Net margin	0.5%	-10.5%	-16.5%	-19.3%	7.0%	9.1%	-20.5%	-54.5%
Current ratio	0.89×	0.65×	2.31×	2.53×	10.2×	8.04×	1.87×	2.99×
Debt / equity	-2.14×	-2.47×	-3.23×	-51.56×	2.56×	-116.68×	-2.62×	-1.66×
Interest coverage	0.01×	-0.43×	-1.05×	-1.48×	1.82×	2.72×	-1.1×	0×
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	-3.6%	55.4%	131.0%	1959.0%	52.0%	-2374.2%	78.5%	108.8%
Return on invested capital	0.3%	-11.6%	-30.1%	-27.0%	19.1%	29.5%	-24.2%	-92.3%
Return on assets	1.3%	-27.8%	-36.4%	-31.1%	12.8%	16.1%	-38.3%	-111.8%
Free cash flow yield	-39.0%	-110.9%	-41.3%	-23.8%	0.3%	-0.6%	-10.2%	-32.8%
Earnings yield	4.4%	-88.1%	-82.4%	-43.1%	7.8%	5.6%	-6.0%	-30.3%
Enterprise value	$89.9M	$141.7M	$113.4M	$135.1M	$283.6M	$444M	$366.4M	$111.9M
Net debt / EBITDA	0.32×	0.7×	0.5×	0.43×	0.07×	0.3×	1.5×	2.81×
Cash conversion cycle (days)	-3	-3	6	-3	-1	-1	-1	-1