Service Corporation International (SCI) 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

-31.7%

$52.20

vs $76.46 price

Levered DCF

$30.89

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.76

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	20.36×	22.36×	19.17×	19.31×	14.82×	16.82×	22.67×	16.43×
P/B	6.74×	6.91×	6.69×	6.52×	6.23×	4.95×	4.6×	4.47×
P/S	2.56×	2.77×	2.51×	2.65×	2.87×	2.47×	2.6×	2.3×
EV / EBITDA	12.02×	12.92×	11.82×	11.9×	10.87×	11.24×	13.47×	12.45×
Gross margin	26.5%	26.1%	26.6%	28.1%	31.9%	27.8%	23.5%	23.8%
Operating margin	22.6%	22.2%	23.0%	22.6%	28.7%	24.0%	20.6%	19.8%
Net margin	12.6%	12.4%	13.1%	13.8%	19.4%	14.7%	11.4%	14.0%
Current ratio	0.55×	0.52×	0.67×	0.45×	0.61×	0.46×	0.67×	0.6×
Debt / equity	3.14×	2.93×	3.12×	2.65×	2.13×	2.19×	2.01×	2.19×
Interest coverage	3.81×	3.6×	3.94×	5.39×	7.91×	5.17×	3.59×	3.47×
Dividend yield	1.7%	1.5%	1.6%	1.5%	1.2%	1.6%	1.6%	1.7%
Payout ratio	33.8%	33.6%	31.3%	28.3%	18.3%	26.6%	35.6%	27.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	33.1%	30.9%	34.9%	33.8%	42.1%	29.4%	20.3%	27.2%
Return on invested capital	4.0%	4.2%	4.6%	4.8%	6.1%	4.7%	4.0%	5.1%
Return on assets	2.9%	3.0%	3.3%	3.8%	5.1%	3.6%	2.7%	3.5%
Free cash flow yield	5.0%	4.8%	4.9%	4.2%	5.2%	6.7%	4.6%	5.0%
Earnings yield	4.9%	4.5%	5.2%	5.2%	6.8%	5.9%	4.4%	6.1%
Enterprise value	$15.9B	$16.3B	$14.9B	$15.1B	$15.7B	$12.3B	$11.8B	$10.7B
Net debt / EBITDA	3.69×	3.73×	3.64×	3.33×	2.63×	3.29×	3.9×	3.94×
Cash conversion cycle (days)	13	-11	-1	-9	-13	-13	-12	-14