Pet Valu Holdings Ltd. (PET.TO) 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

+120.5%

CA$46.48

vs CA$21.08 price

Levered DCF

CA$38.27

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.37

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	19.78×	20.69×	22.84×	27.36×	26.52×	63.1×	85.48×	203.85×
P/B	19.66×	18.89×	29.43×	7,331.67×	-26.71×	-3.06×	-2.95×	0×
P/S	1.64×	1.65×	1.94×	2.9×	3.25×	2.78×	3.14×	3.4×
EV / EBITDA	10.47×	10.91×	12.81×	16.2×	15.41×	19.28×	20.01×	0×
Gross margin	31.3%	33.2%	34.6%	37.0%	37.0%	35.6%	36.0%	36.0%
Operating margin	15.7%	14.2%	15.7%	16.8%	16.7%	15.8%	17.4%	17.0%
Net margin	8.3%	8.0%	8.5%	10.6%	12.3%	4.4%	3.6%	1.7%
Current ratio	1.3×	1.34×	1.38×	1.36×	1.27×	1.27×	1.37×	0×
Debt / equity	8.17×	7.83×	10.57×	1,609.35×	-6.18×	-1.57×	-1.54×	0×
Interest coverage	4.48×	3.45×	3.99×	5.44×	2.7×	1.57×	1.39×	1.32×
Dividend yield	1.7%	1.7%	1.4%	0.6%	0.0%	1.0%	1.1%	1.1%
Payout ratio	33.9%	36.0%	31.9%	16.8%	0.7%	65.8%	95.6%	228.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	99.5%	91.3%	128.4%	26799.5%	-100.9%	-4.9%	-3.4%	0.0%
Return on invested capital	14.7%	13.0%	14.3%	18.8%	20.5%	15.9%	15.9%	0.0%
Return on assets	9.4%	9.0%	9.8%	13.6%	15.9%	5.1%	4.1%	0.0%
Free cash flow yield	7.3%	7.4%	3.5%	2.9%	4.3%	7.3%	5.9%	5.2%
Earnings yield	5.1%	4.8%	4.4%	3.7%	3.8%	1.6%	1.2%	0.5%
Enterprise value	CA$2.7B	CA$2.5B	CA$2.8B	CA$3.3B	CA$3.1B	CA$2.7B	CA$2.7B	CA$0
Net debt / EBITDA	2.98×	3.09×	3.29×	2.66×	2.69×	6.19×	6.64×	0×
Cash conversion cycle (days)	51	71	70	60	61	59	73	0