SandRidge Energy, Inc. (SD) 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%

$36.84

vs $13.30 price

Levered DCF

$38.13

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.38

Grey zone

Rating

Overall 4 / 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	7.55×	6.89×	8.28×	2.58×	3.26×	-0.4×	-0.33×	-29.27×
P/B	1.04×	0.94×	1.08×	1.28×	1.55×	0.86×	0.37×	0.31×
P/S	3.39×	3.47×	3.4×	2.46×	2.25×	0.96×	0.56×	0.76×
EV / EBITDA	3.89×	4.59×	2.6×	1.97×	2.14×	-0.5×	-0.71×	1.86×
Gross margin	43.1%	36.7%	49.6%	70.5%	63.7%	3.3%	-0.8%	28.0%
Operating margin	34.7%	26.5%	43.2%	69.0%	67.6%	-237.9%	-167.4%	-3.0%
Net margin	44.9%	50.3%	40.9%	95.2%	69.1%	-241.2%	-168.4%	-2.6%
Current ratio	2.17×	2.11×	5.63×	4.82×	2.53×	0.74×	0.44×	0.53×
Debt / equity	0×	0×	0×	0×	0×	0.16×	0.14×	0×
Interest coverage	117.42×	253.63×	617.1×	812.27×	489.64×	-156.2×	-145.76×	-3.3×
Dividend yield	3.0%	16.6%	16.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	22.6%	114.8%	133.9%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.7%	13.7%	13.0%	49.6%	47.6%	-216.6%	-111.6%	-1.1%
Return on invested capital	9.4%	6.4%	9.9%	32.7%	39.5%	-142.2%	-86.0%	-1.2%
Return on assets	10.9%	10.8%	10.6%	40.3%	33.1%	-106.3%	-73.9%	-0.9%
Free cash flow yield	6.1%	10.9%	15.4%	19.0%	25.9%	21.4%	-46.8%	-15.6%
Earnings yield	13.2%	14.5%	12.1%	38.7%	30.7%	-250.7%	-299.1%	-3.4%
Enterprise value	$419.6M	$336.4M	$252.5M	$370M	$243.4M	$108.5M	$203.4M	$248M
Net debt / EBITDA	-1.03×	-1.34×	-2.6×	-1.36×	-1.21×	0.01×	-0.18×	-0.13×
Cash conversion cycle (days)	-43	-20	-8	-38	-35	-13	-1	-29