Option Care Health, Inc. (OPCH) 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

+170.4%

$85.68

vs $31.69 price

Levered DCF

$89.60

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.91

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	24.89×	18.86×	22.61×	36.25×	36.46×	-350.67×	-30.45×	-8.81×
P/B	3.89×	2.83×	4.24×	3.93×	4.35×	2.79×	2.57×	-3.17×
P/S	0.91×	0.8×	1.4×	1.38×	1.49×	0.93×	1.01×	0.24×
EV / EBITDA	14.89×	12.08×	14.51×	19.42×	24.4×	21.87×	68.36×	12.12×
Gross margin	18.1%	20.3%	22.8%	22.0%	22.7%	22.5%	22.2%	21.8%
Operating margin	6.0%	6.4%	7.3%	6.1%	5.5%	3.7%	-0.0%	2.0%
Net margin	3.7%	4.2%	6.2%	3.8%	4.1%	-0.3%	-3.3%	-0.3%
Current ratio	1.53×	1.7×	1.77×	1.76×	1.55×	1.51×	1.69×	1.63×
Debt / equity	0.96×	0.87×	0.82×	0.83×	0.99×	1.2×	1.53×	-3.5×
Interest coverage	5.35×	5.31×	5.06×	4.38×	3.44×	1.21×	-0×	0.83×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-2.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.7%	15.1%	18.8%	10.9%	11.9%	-0.8%	-8.4%	4.2%
Return on invested capital	9.3%	9.0%	8.6%	6.5%	7.7%	4.7%	-0.0%	5.6%
Return on assets	6.0%	6.2%	8.0%	4.7%	4.8%	-0.3%	-2.9%	-1.0%
Free cash flow yield	4.2%	7.2%	5.5%	4.3%	3.6%	3.6%	0.5%	-7.4%
Earnings yield	4.0%	5.3%	4.4%	2.8%	2.7%	-0.3%	-3.3%	-1.3%
Enterprise value	$6.2B	$4.8B	$6.9B	$6.3B	$6.2B	$3.9B	$3.7B	$946.9M
Net debt / EBITDA	2.5×	2.03×	1.74×	2.65×	4.12×	6.18×	24.69×	6.27×
Cash conversion cycle (days)	17	10	20	17	23	21	30	12