NewtekOne, Inc. (NEWT) 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

+1031.8%

$124.50

vs $11.00 price

Levered DCF

-$96.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.48

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	FY2018
P/E	4.73×	6.48×	7.34×	12.13×	7.49×	12.38×	10.63×	9.13×
P/B	0.72×	1.08×	1.35×	1.05×	1.56×	1.23×	1.36×	1.14×
P/S	0.89×	1×	1.33×	2.99×	3.74×	4.48×	4.93×	6.59×
EV / EBITDA	6×	9.65×	17.28×	22.73×	12.92×	26.49×	13.46×	12.32×
Gross margin	75.3%	66.3%	68.6%	80.0%	87.8%	80.7%	50.7%	57.4%
Operating margin	42.5%	21.5%	17.9%	29.5%	50.8%	35.1%	13.4%	-25.3%
Net margin	18.8%	15.9%	18.7%	24.6%	50.0%	36.2%	46.3%	72.1%
Current ratio	0.2×	0.42×	0.54×	8.48×	22.18×	9.93×	2.3×	1.71×
Debt / equity	2.07×	2.41×	2.61×	1.46×	1.19×	1.36×	1.37×	1.15×
Interest coverage	2.42×	0.85×	0.67×	1.47×	4.17×	1.82×	0.58×	-0.78×
Dividend yield	9.8%	0.1%	4.2%	16.4%	11.1%	10.2%	9.3%	9.9%
Payout ratio	46.3%	0.9%	29.9%	199.8%	83.4%	126.7%	99.1%	90.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.2%	17.2%	19.0%	8.6%	20.8%	9.9%	12.8%	12.4%
Return on invested capital	8.2%	4.7%	4.7%	3.3%	8.0%	3.9%	1.4%	-1.9%
Return on assets	2.2%	2.5%	3.3%	3.2%	8.0%	4.0%	5.2%	5.5%
Free cash flow yield	19.6%	-48.2%	-50.5%	-15.9%	22.4%	4.3%	-20.4%	-22.8%
Earnings yield	21.2%	16.0%	14.1%	8.2%	13.4%	8.1%	9.4%	10.9%
Enterprise value	$824.6M	$679.9M	$834M	$886.8M	$1.1B	$874.8M	$877.8M	$655.7M
Net debt / EBITDA	3.92×	5.13×	10.32×	12.65×	5.58×	13.88×	6.75×	6.19×
Cash conversion cycle (days)	1	91	161	-186	51	134	147	284