NPK International Inc. (NPKI) 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

-93.7%

$0.59

vs $9.43 price

Levered DCF

$0.13

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

5.7

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	28.38×	-4.38×	47.41×	-36.64×	-28.79×	-9.06×	-57.57×	22.39×
P/B	2.88×	2.02×	1.68×	1.77×	1.59×	1.49×	1.32×	1.27×
P/S	3.65×	3.03×	3.35×	3.87×	1.2×	1.48×	0.88×	0.77×
EV / EBITDA	14.24×	11.17×	13.92×	19.56×	25.92×	-22.49×	14.77×	7.69×
Gross margin	35.6%	35.5%	34.9%	31.1%	13.9%	3.9%	16.5%	19.0%
Operating margin	16.9%	14.9%	11.0%	3.4%	-1.4%	-16.0%	1.3%	6.7%
Net margin	13.0%	-69.1%	7.0%	-10.8%	-4.2%	-16.4%	-1.6%	3.4%
Current ratio	1.43×	2.53×	2.62×	2.61×	2.58×	2.14×	3.72×	3.69×
Debt / equity	0.1×	0.06×	0.18×	0.32×	0.3×	0.24×	0.34×	0.28×
Interest coverage	3,594.31×	12.34×	5.59×	1.86×	-1×	-7.16×	0.72×	4.28×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.2%	-46.0%	3.5%	-4.9%	-5.5%	-16.5%	-2.4%	5.7%
Return on invested capital	9.0%	9.2%	3.2%	0.5%	-1.4%	-10.9%	1.3%	5.6%
Return on assets	8.1%	-38.2%	2.3%	-2.9%	-3.4%	-11.4%	-1.4%	3.5%
Free cash flow yield	2.6%	-0.8%	10.2%	-7.1%	-3.4%	5.5%	3.8%	2.5%
Earnings yield	3.6%	-22.8%	2.1%	-2.8%	-3.5%	-11.1%	-1.8%	4.5%
Enterprise value	$1B	$659.1M	$768.3M	$858M	$850.2M	$815.8M	$861.8M	$831M
Net debt / EBITDA	0.43×	0.01×	1.3×	2.52×	3.45×	-2.45×	2.37×	0.98×
Cash conversion cycle (days)	57	113	81	612	164	181	159	149