Matador Resources Company (MTDR) 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

-40.1%

$33.67

vs $56.18 price

Levered DCF

$160.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.5

Distress 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	6.96×	7.86×	8.01×	5.57×	7.38×	-2.53×	16.95×	6.44×
P/B	0.93×	1.37×	1.73×	2.17×	2.26×	1.09×	1.14×	1.04×
P/S	1.45×	2×	2.4×	2.21×	2.6×	1.64×	2.04×	1.96×
EV / EBITDA	3.59×	3.74×	4.65×	3.37×	5.14×	-20.26×	6.25×	4.99×
Gross margin	45.8%	44.3%	47.4%	61.4%	53.6%	25.8%	35.2%	48.3%
Operating margin	32.5%	41.2%	42.9%	57.5%	47.7%	-61.0%	22.9%	40.4%
Net margin	20.8%	25.4%	30.0%	39.7%	35.2%	-69.4%	8.5%	30.5%
Current ratio	0.79×	0.93×	1.04×	1.86×	0.8×	0.9×	0.7×	0.93×
Debt / equity	0.63×	0.42×	0.58×	0.39×	0.82×	1.46×	0.87×	0.77×
Interest coverage	5.69×	8.36×	9.95×	26.19×	10.62×	-6.8×	3.19×	8.79×
Dividend yield	3.1%	1.5%	1.1%	0.5%	0.3%	0.0%	0.0%	0.0%
Payout ratio	21.5%	11.8%	9.1%	2.9%	2.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.4%	17.4%	21.6%	39.0%	30.7%	-46.1%	4.8%	16.2%
Return on invested capital	9.1%	11.2%	14.1%	26.7%	18.5%	-14.0%	5.0%	11.6%
Return on assets	6.4%	8.2%	10.9%	21.9%	13.7%	-16.1%	2.2%	7.9%
Free cash flow yield	4.6%	4.0%	4.7%	13.2%	7.4%	-21.6%	-17.8%	-51.9%
Earnings yield	14.4%	12.7%	12.5%	18.0%	13.5%	-42.4%	4.2%	15.5%
Enterprise value	$8.8B	$9B	$9B	$7.5B	$5.8B	$3.2B	$3.7B	$3B
Net debt / EBITDA	1.42×	0.87×	1.15×	0.32×	1.33×	-11.44×	2.67×	2.06×
Cash conversion cycle (days)	28	48	55	35	46	49	59	21