MarketWise, Inc. (MKTW) 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

-17.9%

$17.04

vs $20.74 price

Levered DCF

$212.85

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.38

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	6.23×	3.08×	48.75×	2.3×	-0.3×	-0.99×	18.28×	27.45×
P/B	-3×	-1.73×	-7.81×	-1.95×	-5.87×	-0.58×	-1.95×	0×
P/S	0.11×	0.05×	0.19×	0.08×	0.52×	1.46×	1.88×	2.14×
EV / EBITDA	3.11×	0.82×	9.24×	1.67×	-2.25×	-7.67×	139.79×	0×
Gross margin	86.5%	87.6%	87.3%	87.8%	56.4%	57.5%	84.4%	75.8%
Operating margin	19.2%	21.8%	11.6%	17.0%	-176.2%	-147.9%	9.4%	7.7%
Net margin	1.7%	1.7%	0.4%	3.5%	-184.5%	-147.8%	10.3%	7.8%
Current ratio	0.56×	0.65×	0.72×	0.72×	0.62×	0.52×	0.81×	0×
Debt / equity	-0.52×	-0.35×	-0.52×	-0.35×	-0.17×	-0.01×	-0.06×	0×
Interest coverage	0×	0×	0×	295.87×	-8,796.3×	0×	0×	0×
Dividend yield	13.6%	6.9%	6.6%	0.0%	47.5%	19.2%	4.0%	4.3%
Payout ratio	85.0%	21.3%	322.3%	0.0%	-13.4%	-18.9%	73.2%	118.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-48.1%	-56.3%	-16.1%	-84.9%	2087.4%	58.9%	-10.7%	0.0%
Return on invested capital	-406.0%	9186.3%	208.0%	147.1%	-3539.8%	903.1%	91.0%	0.0%
Return on assets	2.6%	2.7%	0.4%	4.1%	-240.4%	-189.0%	10.1%	0.0%
Free cash flow yield	130.0%	-105.0%	70.1%	116.5%	21.9%	10.5%	10.4%	14.7%
Earnings yield	16.0%	32.5%	2.1%	43.5%	-355.5%	-101.4%	5.5%	3.6%
Enterprise value	$214.2M	$79.2M	$537.9M	$177.4M	$2.1B	$4.1B	$3.9B	$0
Net debt / EBITDA	-0.93×	-0.97×	-2.57×	-1.43×	0.14×	0.2×	-5.54×	0×
Cash conversion cycle (days)	-25	-27	4	650	-2	-15	-33	0