Quanex Building Products Corporation (NX) 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

-9.6%

$19.95

vs $22.07 price

Levered DCF

$62.90

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

1.95

Grey 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	-2.62×	31.93×	10.7×	8.3×	12.5×	15.42×	-13.58×	19.5×
P/B	0.9×	1.05×	1.62×	1.58×	1.7×	1.67×	1.93×	1.3×
P/S	0.36×	0.83×	0.78×	0.6×	0.67×	0.7×	0.71×	0.58×
EV / EBITDA	-17.2×	15.07×	6.34×	5.02×	6.22×	6.94×	32.74×	7.85×
Gross margin	27.2%	23.9%	24.5%	22.0%	22.4%	22.6%	22.3%	21.7%
Operating margin	-10.6%	4.3%	9.8%	9.1%	7.6%	6.5%	5.4%	4.1%
Net margin	-13.6%	2.6%	7.3%	7.2%	5.3%	4.5%	-5.2%	3.0%
Current ratio	2.04×	2.24×	2.03×	2.01×	1.58×	1.59×	1.73×	1.85×
Debt / equity	1.18×	0.88×	0.21×	0.19×	0.25×	0.48×	0.48×	0.53×
Interest coverage	-3.48×	2.66×	13.61×	43.49×	32.36×	10.54×	5.05×	3.28×
Dividend yield	2.3%	1.1%	1.2%	1.4%	1.5%	1.8%	1.7%	1.4%
Payout ratio	-5.9%	36.2%	12.9%	12.0%	18.9%	27.4%	-22.8%	26.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-34.5%	3.3%	15.1%	19.0%	13.6%	10.8%	-14.2%	6.7%
Return on invested capital	-11.2%	2.1%	13.3%	15.1%	10.2%	7.4%	9.1%	5.7%
Return on assets	-12.7%	1.4%	9.9%	12.2%	7.9%	5.6%	-7.2%	3.5%
Free cash flow yield	15.6%	4.9%	12.4%	8.9%	7.6%	12.6%	11.2%	15.2%
Earnings yield	-38.2%	3.1%	9.4%	12.1%	8.0%	6.5%	-7.3%	5.1%
Enterprise value	$1.4B	$1.9B	$939.1M	$764.9M	$780.1M	$713.1M	$762.1M	$695.8M
Net debt / EBITDA	-9.33×	6.47×	0.39×	0.21×	0.53×	1.15×	5.43×	2.05×
Cash conversion cycle (days)	74	115	44	45	39	29	36	43