RCI Hospitality Holdings, Inc. (RICK) 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

+51.8%

$44.16

vs $29.09 price

Levered DCF

$42.55

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.45

Distress 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	24.8×	135×	19.38×	13.31×	20.33×	-29.57×	9.85×	13.73×
P/B	1.03×	1.56×	2.01×	2.54×	3.43×	1.23×	1.18×	1.87×
P/S	0.96×	1.39×	1.93×	2.29×	3.16×	1.42×	1.1×	1.73×
EV / EBITDA	10.71×	18.8×	12.28×	9.69×	13.98×	28.76×	7.57×	11.54×
Gross margin	56.9%	57.7%	59.7%	61.0%	58.7%	55.8%	58.7%	59.3%
Operating margin	13.0%	6.4%	17.5%	26.7%	19.7%	2.1%	19.2%	16.6%
Net margin	3.9%	1.0%	10.0%	17.2%	15.5%	-4.6%	11.2%	12.6%
Current ratio	0.81×	0.98×	0.78×	1.62×	2.3×	0.84×	1.05×	1.09×
Debt / equity	1.02×	1.03×	0.99×	1×	0.84×	1.1×	0.85×	0.92×
Interest coverage	2.21×	1.13×	3.23×	5.98×	3.86×	0.28×	3.4×	2.77×
Dividend yield	0.9%	0.6%	0.4%	0.3%	0.2%	0.7%	0.6%	0.4%
Payout ratio	22.8%	76.5%	7.3%	3.9%	4.7%	-21.1%	6.2%	5.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.1%	1.1%	10.4%	19.1%	16.9%	-4.0%	12.0%	13.6%
Return on invested capital	4.5%	3.4%	7.1%	10.7%	9.7%	0.7%	8.7%	8.8%
Return on assets	1.8%	0.5%	4.8%	8.7%	8.3%	-1.7%	5.7%	6.3%
Free cash flow yield	13.0%	7.6%	3.3%	6.6%	4.6%	5.3%	8.2%	0.2%
Earnings yield	4.0%	0.7%	5.2%	7.5%	4.9%	-3.2%	10.2%	7.3%
Enterprise value	$501.9M	$652M	$823.2M	$818.4M	$732.3M	$340.6M	$329.1M	$409.9M
Net debt / EBITDA	4.96×	6.92×	3.83×	2.43×	2.2×	12.91×	2.98×	3.46×
Cash conversion cycle (days)	2	4	7	6	7	4	11	14