Reading International, Inc. (RDI) 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

+2003.6%

$34.08

vs $1.62 price

Levered DCF

$8.27

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.26

Distress zone

Rating

Overall 2 / 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	-1.69×	-0.84×	-1.38×	-1.69×	2.77×	-1.67×	-9.56×	23.45×
P/B	-1.31×	-6.78×	1.28×	0.97×	0.85×	1.4×	1.87×	1.9×
P/S	0.12×	0.14×	0.19×	0.3×	0.63×	1.4×	0.92×	1.08×
EV / EBITDA	20.29×	140.59×	50.14×	421.94×	4.9×	-15.92×	20.57×	10.28×
Gross margin	13.4%	10.4%	11.9%	7.6%	4.4%	-28.0%	20.7%	23.8%
Operating margin	-2.6%	-6.7%	-5.4%	-14.0%	-30.1%	-78.7%	3.3%	7.8%
Net margin	-7.0%	-16.8%	-13.8%	-17.8%	23.0%	-83.7%	-9.5%	4.6%
Current ratio	0.17×	0.35×	0.3×	0.39×	0.94×	0.47×	0.24×	0.35×
Debt / equity	-19.79×	-89.42×	12.66×	7.06×	4.68×	6.74×	3.38×	0.92×
Interest coverage	-0.3×	-0.66×	-0.62×	-1.98×	-3.05×	-6.55×	1.15×	3.52×
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	77.5%	808.9%	-92.7%	-57.6%	30.7%	-83.8%	-19.5%	8.2%
Return on invested capital	-1.5%	-3.5%	-2.6%	-4.9%	-5.8%	-9.0%	-16.7%	4.9%
Return on assets	-3.3%	-7.5%	-5.8%	-5.6%	4.6%	-9.4%	-3.9%	3.3%
Free cash flow yield	-12.2%	-31.7%	-35.5%	-58.6%	-30.6%	-44.6%	-8.3%	-9.2%
Earnings yield	-59.3%	-119.4%	-72.3%	-59.3%	36.2%	-59.7%	-10.4%	4.3%
Enterprise value	$374.3M	$407.4M	$448.3M	$469.6M	$491.9M	$606.5M	$698M	$483.9M
Net debt / EBITDA	19×	130.39×	45.39×	367.13×	4.02×	-13.05×	13.11×	3.18×
Cash conversion cycle (days)	-113	-93	-77	-80	-110	-110	-51	-43