RF Industries, Ltd. (RFIL) 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

-177.0%

-$5.94

vs $7.71 price

Levered DCF

$0.48

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.34

Safe zone

Rating

C+

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	1,117.14×	-6.57×	-9.87×	38.64×	12.31×	-509.52×	15.63×	12.72×
P/B	2.37×	1.27×	0.77×	1.31×	1.92×	1.29×	1.76×	2.67×
P/S	1.03×	0.67×	0.42×	0.64×	1.33×	0.96×	1×	1.48×
EV / EBITDA	19.85×	-56.26×	-33.18×	25.23×	8.09×	52.87×	8.41×	7.23×
Gross margin	33.2%	24.8%	22.7%	25.4%	28.4%	22.2%	25.6%	31.1%
Operating margin	2.2%	-4.0%	-4.0%	4.1%	7.7%	-0.8%	8.2%	14.8%
Net margin	0.1%	-10.2%	-4.3%	1.7%	10.8%	-0.2%	6.4%	13.2%
Current ratio	1.67×	1.61×	2.88×	2.37×	4.34×	4.63×	5.54×	6.05×
Debt / equity	0.76×	0.84×	0.87×	0.78×	0.04×	0.13×	0×	0×
Interest coverage	0×	0×	0×	5.8×	0×	0×	0×	55.99×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.9%	1.3%	1.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-479.0%	21.2%	11.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.2%	-19.4%	-7.7%	3.5%	15.6%	-0.3%	11.2%	23.9%
Return on invested capital	0.2%	-4.2%	-2.6%	4.1%	9.0%	-0.2%	11.1%	21.0%
Return on assets	0.1%	-9.3%	-3.5%	1.6%	12.2%	-0.2%	9.3%	20.0%
Free cash flow yield	5.2%	5.6%	5.6%	0.4%	-4.4%	10.4%	-5.8%	8.0%
Earnings yield	0.1%	-15.2%	-10.1%	2.6%	8.1%	-0.2%	6.3%	8.9%
Enterprise value	$104.8M	$71.3M	$60.3M	$82.7M	$64.6M	$29.9M	$43.1M	$57.9M
Net debt / EBITDA	4.08×	-22.01×	-16.43×	8.53×	-1.45×	-20.32×	-2.45×	-2.04×
Cash conversion cycle (days)	139	150	154	152	154	126	132	92