LSB Industries, Inc. (LXU) 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

+105.8%

$23.09

vs $11.22 price

Levered DCF

$19.03

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

2.03

Grey 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	25×	-28.11×	25.16×	4.89×	-2.51×	-0.96×	-1.22×	-1.48×
P/B	1.18×	1.11×	1.34×	2.19×	1.2×	0.23×	0.24×	0.28×
P/S	1×	1.05×	1.17×	1.25×	0.99×	0.27×	0.32×	0.4×
EV / EBITDA	7.48×	12.72×	8.44×	4.77×	6.51×	10.79×	18.19×	12.38×
Gross margin	17.0%	9.1%	14.5%	38.6%	25.0%	4.9%	1.4%	4.2%
Operating margin	10.2%	-1.1%	8.7%	34.2%	18.2%	-4.4%	-10.7%	-6.1%
Net margin	4.0%	-3.7%	4.7%	25.5%	7.8%	-17.6%	-17.4%	-19.1%
Current ratio	2.78×	2.28×	3.68×	3.98×	2.32×	1.21×	1.27×	1.32×
Debt / equity	0.94×	1.07×	1.2×	1.44×	1.22×	1.23×	1×	0.8×
Interest coverage	2.05×	-0.16×	1.26×	6.59×	2.05×	-0.3×	-0.84×	-0.53×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	4.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.7%	-3.9%	5.4%	44.7%	9.5%	-14.7%	-13.2%	-13.3%
Return on invested capital	4.4%	-0.4%	3.5%	19.9%	9.6%	-1.5%	-2.9%	-2.2%
Return on assets	2.1%	-1.6%	2.2%	16.0%	3.8%	-5.9%	-5.8%	-6.3%
Free cash flow yield	2.9%	-1.0%	10.1%	26.6%	9.5%	-34.5%	-28.9%	-12.8%
Earnings yield	4.0%	-3.5%	4.0%	20.4%	7.9%	-64.8%	-53.8%	-47.6%
Enterprise value	$1.1B	$1.1B	$1.2B	$1.8B	$1B	$596.9M	$575.4M	$559.5M
Net debt / EBITDA	3.24×	6.12×	3.62×	1.79×	3.02×	9.06×	14.47×	9.02×
Cash conversion cycle (days)	35	16	27	26	64	50	29	56