RCM Technologies, Inc. (RCMT) 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

+61.5%

$56.52

vs $34.99 price

Levered DCF

$49.31

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.51

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	9.24×	13.47×	14.31×	5.93×	7.12×	-2.84×	9.26×	14.86×
P/B	3.29×	5.49×	9.36×	3.88×	3.03×	1.13×	1.14×	1.48×
P/S	0.47×	0.66×	0.92×	0.44×	0.39×	0.17×	0.19×	0.2×
EV / EBITDA	6.53×	9.03×	10.46×	4.45×	5.87×	-4.16×	9.39×	7.88×
Gross margin	26.9%	28.7%	29.1%	29.1%	26.1%	25.8%	25.4%	24.6%
Operating margin	7.9%	8.0%	9.0%	10.1%	6.9%	-7.3%	3.4%	2.7%
Net margin	5.1%	4.8%	6.4%	7.3%	5.4%	-5.9%	2.1%	1.4%
Current ratio	1.85×	1.81×	1.56×	1.46×	1.74×	1.53×	3.3×	2.54×
Debt / equity	0.56×	1.26×	1.32×	0.43×	0.7×	0.75×	1.28×	1.01×
Interest coverage	9.4×	10.08×	16.93×	77.83×	38.73×	-14.07×	3.87×	3.68×
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	35.5%	39.8%	65.3%	65.4%	42.3%	-39.9%	12.5%	10.0%
Return on invested capital	22.8%	18.4%	28.4%	42.8%	24.8%	-19.3%	7.2%	6.5%
Return on assets	12.2%	10.1%	14.0%	23.7%	15.1%	-13.0%	4.2%	3.3%
Free cash flow yield	11.5%	2.0%	4.0%	22.2%	0.4%	98.4%	-13.9%	-3.9%
Earnings yield	10.8%	7.3%	7.0%	16.8%	14.0%	-35.3%	10.9%	6.7%
Enterprise value	$174.2M	$221.3M	$269M	$137.5M	$96.6M	$41.2M	$76.5M	$67.4M
Net debt / EBITDA	0.86×	1.53×	1.08×	0.43×	1.09×	-1.62×	4.84×	3.16×
Cash conversion cycle (days)	87	43	25	26	61	53	83	77