Insulet Corp. (PODD) 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

-125.0%

-$38.18

vs $152.49 price

Levered DCF

$27.51

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

5.84

Safe zone

Rating

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	80.98×	43.73×	73.3×	4,440.27×	1,064.28×	2,323.91×	901.05×	1,418.96×
P/B	13.2×	15.1×	20.66×	42.87×	32.38×	27.42×	136.68×	22.01×
P/S	7.38×	8.83×	8.92×	15.65×	16.39×	18.3×	14.05×	8.28×
EV / EBITDA	39.89×	44.28×	49.24×	194.79×	132.57×	151.56×	149.27×	109.27×
Gross margin	71.6%	69.8%	68.3%	61.7%	68.4%	64.4%	65.1%	65.7%
Operating margin	17.5%	14.9%	13.0%	2.9%	11.5%	5.7%	6.8%	4.9%
Net margin	9.1%	20.2%	12.2%	0.4%	1.5%	0.8%	1.6%	0.6%
Current ratio	2.78×	3.54×	3.47×	3.56×	5.75×	5.96×	3.69×	3.93×
Debt / equity	0.69×	1.17×	1.98×	3.01×	2.31×	1.78×	11.94×	2.79×
Interest coverage	5.94×	7.23×	6.08×	1.04×	2.04×	1.07×	1.45×	1.23×
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	16.3%	34.5%	28.2%	1.0%	3.0%	1.1%	15.3%	1.6%
Return on invested capital	13.6%	11.7%	9.7%	0.9%	5.6%	2.1%	4.0%	2.1%
Return on assets	7.7%	13.5%	8.0%	0.2%	0.8%	0.4%	1.0%	0.4%
Free cash flow yield	1.9%	1.7%	0.5%	-0.2%	-1.1%	-0.5%	-0.7%	-2.7%
Earnings yield	1.2%	2.3%	1.4%	0.0%	0.1%	0.0%	0.1%	0.1%
Enterprise value	$20.3B	$18.8B	$15.9B	$21.2B	$18.5B	$16.7B	$11.1B	$5.1B
Net debt / EBITDA	0.66×	1.11×	2.47×	7.42×	3.55×	1.53×	9.46×	10.15×
Cash conversion cycle (days)	249	304	338	288	333	147	107	136