Ollie's Bargain Outlet Holdings, Inc. (OLLI) 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

-17.3%

$73.56

vs $88.94 price

Levered DCF

$79.65

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.17

Safe zone

Rating

A-

Overall 4 / 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	28.14×	34.21×	24.47×	33.39×	19.65×	24.59×	23.78×	38.13×
P/B	3.58×	4.03×	2.94×	2.51×	2.4×	4.47×	3.17×	5.46×
P/S	2.55×	3.01×	2.11×	1.87×	1.76×	3.3×	2.38×	4.15×
EV / EBITDA	19.01×	24.53×	16.81×	21.32×	13.69×	19.05×	17.86×	28.9×
Gross margin	39.0%	40.3%	39.6%	35.9%	38.9%	40.0%	39.5%	40.1%
Operating margin	12.2%	11.0%	10.8%	7.2%	11.7%	15.3%	12.2%	13.1%
Net margin	9.1%	8.8%	8.6%	5.6%	9.0%	13.4%	10.0%	10.9%
Current ratio	2.41×	3.27×	2.76×	2.91×	2.76×	2.85×	2.45×	2.37×
Debt / equity	0.36×	0.33×	0.32×	0.32×	0.34×	0.29×	0.33×	0×
Interest coverage	0×	0×	0×	0×	978.91×	0×	0×	128.51×
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	12.7%	11.8%	12.0%	7.5%	12.2%	18.2%	13.3%	14.3%
Return on invested capital	9.2%	8.0%	8.2%	5.4%	8.8%	13.6%	9.5%	13.5%
Return on assets	8.1%	7.8%	7.9%	5.0%	8.0%	12.1%	8.8%	11.6%
Free cash flow yield	2.9%	1.6%	2.9%	1.8%	0.3%	5.5%	0.8%	1.0%
Earnings yield	3.6%	2.9%	4.1%	3.0%	5.1%	4.1%	4.2%	2.6%
Enterprise value	$7.2B	$7.2B	$4.7B	$3.7B	$3.3B	$5.9B	$3.6B	$5.1B
Net debt / EBITDA	1.13×	1.23×	0.8×	1.35×	0.77×	-0.19×	1.3×	-0.29×
Cash conversion cycle (days)	109	114	109	119	123	80	117	108