Newell Brands Inc. (NWL) 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

+83.2%

$10.92

vs $5.96 price

Levered DCF

-$2.02

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.52

Distress zone

Rating

C-

Overall 1 / 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	-5.47×	-19.15×	-9.23×	27.83×	14.96×	-11.66×	43.68×	-1.27×
P/B	0.65×	1.5×	1.16×	1.55×	2.23×	2.32×	1.64×	1.68×
P/S	0.22×	0.55×	0.44×	0.57×	0.88×	0.96×	0.84×	1.02×
EV / EBITDA	19.85×	25.32×	81.63×	16.22×	10.71×	-37.95×	11.19×	-2.14×
Gross margin	33.8%	33.6%	30.0%	30.0%	31.8%	32.8%	33.3%	34.9%
Operating margin	6.2%	0.9%	-1.0%	3.3%	9.6%	-6.8%	-5.0%	-90.7%
Net margin	-4.0%	-2.8%	-4.8%	2.1%	5.9%	-8.2%	1.1%	-80.2%
Current ratio	1.07×	1.14×	1.16×	1.32×	1.31×	1.28×	1.38×	2.33×
Debt / equity	2.18×	1.86×	1.76×	1.71×	1.32×	1.6×	1.29×	1.34×
Interest coverage	1.39×	0.23×	-0.3×	1.33×	3.96×	-2.31×	-1.59×	-17.55×
Dividend yield	7.7%	2.9%	5.1%	7.1%	4.2%	4.4%	4.8%	4.9%
Payout ratio	-42.1%	-54.6%	-47.4%	195.4%	63.3%	-50.9%	365.4%	-6.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-11.9%	-7.9%	-12.5%	5.6%	15.0%	-19.9%	2.2%	-131.9%
Return on invested capital	5.0%	0.6%	-0.6%	2.9%	7.5%	-4.2%	0.8%	-43.7%
Return on assets	-2.7%	-2.0%	-3.2%	1.5%	4.4%	-5.2%	0.7%	-39.0%
Free cash flow yield	1.1%	5.7%	18.0%	-10.7%	6.4%	13.0%	9.6%	3.4%
Earnings yield	-18.3%	-5.2%	-10.8%	3.6%	6.7%	-8.6%	1.3%	-78.6%
Enterprise value	$6.6B	$9.1B	$8.7B	$11.2B	$14.4B	$14.2B	$14.2B	$15.3B
Net debt / EBITDA	15.15×	13.76×	48.04×	8.32×	3.78×	-13.94×	4.78×	-0.91×
Cash conversion cycle (days)	77	79	87	111	72	72	98	117