Kura Sushi USA, Inc. (KRUS) 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

-1199.0%

-$397.72

vs $36.19 price

Levered DCF

-$314.55

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.67

Distress zone

Rating

C-

Overall 1 / 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	-530.06×	-83.53×	582.47×	-951.15×	-41.99×	-5.88×	89.54×	89.14×
P/B	4.37×	4.55×	5.47×	7.79×	4.77×	2.23×	2.13×	7.2×
P/S	3.57×	3.11×	4.8×	5.15×	6.68×	2.26×	2.06×	2.99×
EV / EBITDA	91.48×	259.53×	98.61×	156.01×	-167.33×	-12.19×	25.23×	43.29×
Gross margin	11.8%	12.4%	15.4%	15.5%	9.4%	-9.4%	14.8%	15.7%
Operating margin	-1.7%	-4.8%	0.2%	-0.5%	-15.4%	-36.5%	2.6%	3.6%
Net margin	-0.7%	-3.7%	0.8%	-0.5%	-15.9%	-38.4%	2.3%	3.4%
Current ratio	1.76×	1.78×	3.07×	1.68×	2.87×	1.06×	5.01×	1.52×
Debt / equity	0.74×	0.87×	0.73×	0.97×	0.8×	1.41×	0.05×	0.21×
Interest coverage	-68.01×	-244.79×	4.81×	-8.67×	-45.4×	-121.31×	8.84×	14.55×
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	-0.8%	-5.4%	0.9%	-0.8%	-11.3%	-38.0%	2.3%	8.1%
Return on invested capital	-1.2%	-3.8%	0.1%	-0.4%	-6.1%	-14.9%	2.3%	6.6%
Return on assets	-0.4%	-2.7%	0.5%	-0.4%	-5.8%	-14.7%	1.9%	5.4%
Free cash flow yield	-2.1%	-3.9%	-2.3%	-0.4%	-4.9%	-26.9%	-3.6%	-1.2%
Earnings yield	-0.2%	-1.2%	0.2%	-0.1%	-2.4%	-17.0%	1.1%	1.1%
Enterprise value	$1.1B	$829.7M	$950.2M	$781.6M	$465.8M	$157.1M	$97.8M	$153.7M
Net debt / EBITDA	9.89×	28.27×	5.17×	10.98×	-11.69×	-4.29×	-8.93×	-0.35×
Cash conversion cycle (days)	-5	-5	-3	-7	-13	-16	-14	-9