Madison Air Solutions Corporation (MAIR) 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

-110.4%

-$2.41

vs $23.17 price

Levered DCF

-$5.56

After debt service

Piotroski score

—

Altman Z-score

—

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
P/E	135×	75×	225×
P/B	-356.74×	-227.21×	13.06×
P/S	3.75×	5.03×	5.16×
EV / EBITDA	26.73×	27.35×	30.96×
Gross margin	38.8%	38.4%	36.7%
Operating margin	14.3%	18.5%	16.4%
Net margin	0.9%	6.7%	2.3%
Current ratio	1.67×	2.21×	2×
Debt / equity	-152.71×	-72.9×	4.1×
Interest coverage	1.26×	1.65×	1.33×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	-83.2%	-301.5%	5.8%
Return on invested capital	3.6%	7.9%	4.1%
Return on assets	0.4%	3.2%	0.9%
Free cash flow yield	3.3%	-0.1%	2.0%
Earnings yield	0.2%	1.3%	0.4%
Enterprise value	$18.6B	$17.1B	$17.1B
Net debt / EBITDA	7.8×	6.23×	7×
Cash conversion cycle (days)	74	74	76