New Fortress Energy Inc. (NFE) 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

-114632.9%

-$5,016.54

vs $4.38 price

Levered DCF

-$5,085.68

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-1.31

Distress zone

Rating

B-

Overall 2 / 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	-0.17×	-12.19×	14.18×	45.61×	49.27×	-31.34×	-29.02×	-11.37×
P/B	1.74×	1.75×	4.74×	6.89×	2.68×	15.58×	11.57×	3.31×
P/S	0.21×	1.39×	3.22×	3.75×	3.62×	12.66×	5.19×	7.9×
EV / EBITDA	-11.37×	47.69×	13.49×	30.43×	24.95×	-36.87×	-8.36×	-16.18×
Gross margin	9.1%	46.7%	54.0%	48.6%	42.1%	27.7%	-11.2%	6.2%
Operating margin	-11.3%	22.8%	39.1%	31.1%	18.1%	-34.4%	-99.0%	-52.1%
Net margin	-122.6%	-10.5%	22.7%	8.2%	7.3%	-40.3%	-17.9%	-69.5%
Current ratio	0.15×	0.94×	0.57×	0.98×	1.04×	3.99×	2.06×	0.38×
Debt / equity	46.92×	5.06×	4.5×	3.79×	2.31×	3.7×	7.3×	1.01×
Interest coverage	-0.22×	1.64×	3.39×	3.11×	1.55×	-2.36×	-9.65×	-5.2×
Dividend yield	1.1%	2.0%	9.3%	1.1%	1.9%	0.6%	0.0%	0.0%
Payout ratio	-0.2%	-26.2%	132.1%	50.9%	91.4%	-18.5%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1009.4%	-13.3%	33.4%	15.1%	5.4%	-49.6%	-39.9%	-29.1%
Return on invested capital	-1.9%	4.6%	8.4%	11.5%	3.3%	-8.9%	-18.3%	-10.3%
Return on assets	-17.5%	-1.9%	5.2%	2.5%	1.4%	-9.5%	-3.0%	-11.2%
Free cash flow yield	-388.8%	-61.8%	-28.4%	-9.2%	-12.2%	-4.9%	-62.3%	-30.9%
Earnings yield	-580.7%	-7.6%	7.1%	2.2%	2.0%	-3.2%	-3.4%	-8.8%
Enterprise value	$8.5B	$12.3B	$15B	$13.1B	$8.7B	$6.5B	$1.6B	$1.1B
Net debt / EBITDA	-10.94×	34.93×	6.5×	9.79×	11.27×	-4.32×	-3.15×	-2.9×
Cash conversion cycle (days)	11	-33	-78	37	53	64	191	1