Lantheus Holdings, Inc. (LNTH) 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

+465.6%

$567.60

vs $100.36 price

Levered DCF

$415.29

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.59

Safe zone

Rating

A-

Overall 4 / 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	19.23×	19.79×	12.94×	124.29×	-27.25×	-53.96×	25.32×	14.76×
P/B	4.12×	5.69×	5.19×	7.81×	4.2×	1.42×	6.98×	8.43×
P/S	2.91×	4.04×	3.26×	3.73×	4.59×	2.15×	2.3×	1.74×
EV / EBITDA	11.77×	11.44×	8.42×	44.7×	-81.71×	39.07×	16.2×	9.29×
Gross margin	61.1%	64.4%	54.7%	62.2%	44.1%	40.9%	50.3%	50.9%
Operating margin	20.2%	29.8%	28.1%	3.9%	-14.3%	-1.2%	14.9%	18.8%
Net margin	15.2%	20.4%	25.2%	3.0%	-16.8%	-4.0%	9.1%	11.8%
Current ratio	2.7×	5.52×	5.8×	2.74×	2.61×	2.29×	2.62×	3.7×
Debt / equity	0.57×	0.57×	0.76×	1.3×	0.41×	0.46×	1.7×	3.75×
Interest coverage	15.74×	23.23×	18.21×	5.04×	-7.85×	-0.44×	3.79×	3.71×
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	21.4%	28.7%	40.0%	6.3%	-15.3%	-2.6%	27.6%	57.1%
Return on invested capital	12.2%	19.0%	19.8%	3.4%	-7.4%	-0.5%	14.8%	13.5%
Return on assets	10.5%	15.8%	19.8%	2.1%	-8.3%	-1.5%	7.8%	9.2%
Free cash flow yield	7.9%	8.0%	6.1%	7.5%	2.1%	0.5%	7.3%	6.9%
Earnings yield	5.2%	5.0%	7.7%	0.8%	-3.7%	-1.8%	4.0%	6.8%
Enterprise value	$4.8B	$5.9B	$4.1B	$3.7B	$2B	$886.6M	$901.1M	$751.4M
Net debt / EBITDA	0.64×	-0.57×	-0.2×	2.05×	-3.71×	6.89×	1.82×	1.89×
Cash conversion cycle (days)	98	99	94	99	99	93	68	79