Moog Inc. (MOG.A) 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

-97.5%

$8.92

vs $357.87 price

Levered DCF

$27.76

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.18

Safe 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	FY2018
P/E	27.58×	30.99×	21.04×	14.51×	16.03×	238.64×	15.72×	32×
P/B	3.25×	3.51×	2.2×	1.57×	1.8×	1.79×	2.14×	2.49×
P/S	1.68×	1.78×	1.08×	0.74×	0.88×	0.77×	0.97×	1.12×
EV / EBITDA	15.08×	17.09×	11.87×	9.09×	10.15×	23.37×	10.12×	11.26×
Gross margin	27.4%	27.6%	24.4%	24.5%	24.5%	25.8%	28.1%	28.5%
Operating margin	10.6%	10.8%	9.4%	8.7%	8.3%	8.1%	9.4%	9.2%
Net margin	6.1%	5.7%	5.2%	5.1%	5.5%	0.3%	6.0%	3.5%
Current ratio	2.12×	2.11×	2.06×	2.1×	1.98×	2.27×	2.24×	2.17×
Debt / equity	0.47×	0.48×	0.53×	0.58×	0.65×	0.75×	0.63×	0.7×
Interest coverage	5.68×	6.27×	4.93×	7.15×	6.98×	6.04×	6.95×	6.87×
Dividend yield	0.6%	0.6%	0.9%	1.5%	1.3%	1.1%	1.2%	0.6%
Payout ratio	15.5%	17.1%	19.9%	21.2%	20.4%	273.9%	20.0%	18.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.8%	11.3%	10.5%	10.8%	11.2%	0.7%	13.2%	7.8%
Return on invested capital	9.3%	9.8%	8.7%	7.7%	6.9%	9.3%	8.8%	5.7%
Return on assets	5.3%	5.1%	4.5%	4.5%	4.6%	0.3%	5.6%	3.2%
Free cash flow yield	2.0%	0.7%	-1.0%	4.8%	6.5%	8.6%	2.2%	0.3%
Earnings yield	3.6%	3.2%	4.8%	6.9%	6.2%	0.4%	6.2%	3.1%
Enterprise value	$7.4B	$7.2B	$4.4B	$3B	$3.3B	$3.1B	$3.6B	$3.8B
Net debt / EBITDA	1.81×	1.92×	2.15×	2.24×	2.45×	6.44×	2.1×	2.19×
Cash conversion cycle (days)	196	194	192	176	191	184	168	164