MasterBrand, Inc. (MBC) 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

+142.0%

$18.12

vs $7.49 price

Levered DCF

$18.23

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.48

Distress zone

Rating

B-

Overall 3 / 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
P/E	53.19×	14.57×	10.46×	6.26×	6.99×	8.77×	12.66×
P/B	1.06×	1.42×	1.59×	0.96×	0.52×	0.58×	0×
P/S	0.52×	0.68×	0.7×	0.3×	0.45×	0.52×	0.54×
EV / EBITDA	12.08×	8.74×	6.84×	6.85×	4.17×	4.45×	0×
Gross margin	30.3%	31.8%	32.1%	28.1%	26.7%	27.8%	28.1%
Operating margin	4.9%	9.5%	11.3%	8.3%	8.3%	8.7%	8.1%
Net margin	1.0%	4.7%	6.7%	4.7%	6.4%	5.9%	4.2%
Current ratio	1.67×	1.65×	1.94×	2.02×	2.22×	2.21×	0×
Debt / equity	1×	0.84×	0.65×	1.02×	0.05×	0.02×	0×
Interest coverage	1.81×	3.47×	4.73×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	96.9%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	604.9%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.0%	9.7%	15.2%	15.4%	7.4%	6.6%	0.0%
Return on invested capital	2.9%	7.5%	11.4%	9.2%	6.8%	6.6%	0.0%
Return on assets	0.9%	4.3%	7.6%	6.1%	6.1%	5.4%	0.0%
Free cash flow yield	8.3%	11.5%	18.4%	18.5%	7.5%	13.8%	9.2%
Earnings yield	1.9%	6.9%	9.6%	16.0%	14.3%	11.4%	7.9%
Enterprise value	$2.6B	$2.8B	$2.5B	$1.9B	$1.3B	$1.2B	$0
Net debt / EBITDA	5.45×	3.01×	1.69×	3.36×	-0.09×	-0.43×	0×
Cash conversion cycle (days)	33	45	47	56	57	53	0