Ryerson Holding Corporation (RYZ) 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

+147.0%

$81.40

vs $32.96 price

Levered DCF

$26.57

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.79

Grey zone

Rating

B-

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	-14.3×	-71.19×	8.14×	2.91×	3.4×	-7.88×	5.4×	2.23×
P/B	1.07×	0.75×	1.31×	1.28×	1.86×	3.74×	2.58×	3.23×
P/S	0.18×	0.13×	0.23×	0.18×	0.18×	0.15×	0.1×	0.05×
EV / EBITDA	40.83×	15.64×	7.87×	3.14×	4.07×	12.36×	6.38×	6.79×
Gross margin	16.8%	17.8%	19.6%	20.7%	20.9%	17.6%	18.6%	17.3%
Operating margin	-0.7%	0.6%	4.3%	9.2%	8.5%	1.8%	4.4%	3.4%
Net margin	-1.2%	-0.2%	2.9%	6.2%	5.2%	-1.9%	1.8%	2.4%
Current ratio	1.83×	2.08×	2.18×	2.33×	2.12×	2.09×	2.6×	2.48×
Debt / equity	1.53×	1.45×	1.28×	0.95×	1.98×	6.99×	7.3×	15.76×
Interest coverage	-0.83×	0.6×	6.27×	16.92×	9.86×	0.82×	2.12×	1.49×
Dividend yield	3.0%	4.0%	2.1%	1.8%	0.6%	0.0%	0.0%	0.0%
Payout ratio	-42.7%	-288.4%	17.0%	5.1%	2.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-7.5%	-1.1%	16.1%	44.2%	54.8%	-47.4%	47.7%	144.8%
Return on invested capital	-1.3%	1.2%	8.3%	24.8%	21.8%	3.4%	8.9%	8.7%
Return on assets	-2.2%	-0.3%	5.7%	16.8%	12.4%	-3.7%	4.1%	5.1%
Free cash flow yield	4.4%	17.1%	20.5%	34.9%	-2.4%	48.6%	33.0%	8.0%
Earnings yield	-7.0%	-1.4%	12.3%	34.4%	29.4%	-12.7%	18.5%	44.8%
Enterprise value	$1.9B	$1.8B	$2.3B	$1.9B	$2B	$1.4B	$1.6B	$1.4B
Net debt / EBITDA	23.74×	10.21×	3.79×	1.3×	2.04×	7.86×	4.65×	5.62×
Cash conversion cycle (days)	51	59	-6	57	70	72	77	85