Renasant Corporation (RNST) 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

+14.8%

$47.09

vs $41.02 price

Levered DCF

$68.69

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.37

Distress zone

Rating

B+

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	16.85×	10.87×	13.05×	12.66×	12.12×	22.6×	12.26×	10.78×
P/B	0.86×	0.79×	0.82×	0.98×	0.96×	0.89×	0.97×	0.78×
P/S	2.3×	2.04×	2.08×	3.04×	3.06×	2.59×	2.95×	2.62×
EV / EBITDA	13.63×	5.66×	8.6×	10.49×	2.73×	12.73×	11.2×	8.67×
Gross margin	60.8%	62.9%	67.7%	87.8%	93.9%	78.4%	84.8%	88.1%
Operating margin	15.7%	23.6%	19.5%	30.6%	32.0%	14.1%	31.0%	31.1%
Net margin	12.6%	18.8%	15.9%	24.0%	25.3%	11.4%	24.1%	24.3%
Current ratio	1.93×	0.14×	0.13×	0.16×	0.31×	0.17×	0.17×	0.18×
Debt / equity	0.27×	0.2×	0.32×	0.53×	0.22×	0.23×	0.41×	0.32×
Interest coverage	0.49×	0.65×	0.64×	3.49×	4.99×	1.45×	2.18×	2.89×
Dividend yield	2.4%	2.5%	2.7%	2.4%	2.3%	2.6%	2.5%	2.8%
Payout ratio	43.4%	27.5%	34.8%	30.1%	28.4%	59.9%	30.4%	29.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.7%	7.3%	6.3%	7.8%	8.0%	3.9%	7.9%	7.2%
Return on invested capital	0.7%	5.6%	4.4%	4.7%	6.1%	2.9%	5.3%	5.2%
Return on assets	0.7%	1.1%	0.8%	1.0%	1.0%	0.6%	1.3%	1.1%
Free cash flow yield	7.1%	5.5%	6.7%	26.6%	5.7%	2.8%	6.3%	3.8%
Earnings yield	5.4%	9.2%	7.7%	7.9%	8.3%	4.4%	8.2%	9.3%
Enterprise value	$3.3B	$1.6B	$1.8B	$2.7B	$736.7M	$1.8B	$2.5B	$1.7B
Net debt / EBITDA	-0.06×	-2×	-0.3×	2.22×	-5.16×	-0.99×	2.01×	0.43×
Cash conversion cycle (days)	0	31	46	59	39	37	44	39