Sezzle Inc. (SEZL) 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

-105.2%

-$6.74

vs $128.32 price

Levered DCF

-$5.52

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

15.34

Safe zone

Rating

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	16.15×	18.3×	16.29×	-0.45×	-1.76×	-12.14×	-6.06×	-8.89×
P/B	12.68×	17.42×	5.27×	1.92×	3.52×	5.02×	2.58×	7.09×
P/S	4.78×	5.64×	0.73×	0.14×	1.16×	5.12×	0×	22.99×
EV / EBITDA	8.33×	19.03×	5.89×	-0.45×	-1.97×	-8.02×	-3.43×	-8.85×
Gross margin	85.4%	62.0%	46.3%	26.7%	61.5%	61.7%	0.0%	43.9%
Operating margin	39.3%	30.3%	13.9%	-22.6%	-59.8%	-47.7%	0.0%	-247.1%
Net margin	29.6%	29.0%	4.5%	-30.3%	-65.5%	-55.1%	0.0%	-256.9%
Current ratio	3.92×	2.44×	1.12×	1.72×	2.06×	2.53×	4.03×	4.25×
Debt / equity	0.83×	1.19×	4.33×	7.25×	2.07×	0.03×	0.04×	0.83×
Interest coverage	12.61×	5.98×	1.39×	-3.31×	-17.98×	-8.5×	-4.17×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	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	78.4%	89.4%	32.1%	-430.8%	-198.9%	-54.0%	-60.7%	-79.3%
Return on invested capital	46.5%	42.7%	17.1%	-38.7%	-59.2%	-26.5%	-33.6%	-41.7%
Return on assets	33.3%	26.3%	3.3%	-22.1%	-33.6%	-18.6%	-25.7%	-33.5%
Free cash flow yield	9.7%	2.6%	-23.2%	44.1%	-54.8%	-8.4%	-28.4%	-17.6%
Earnings yield	6.2%	5.1%	6.1%	-223.9%	-56.6%	-10.8%	-23.6%	-11.2%
Enterprise value	$2.2B	$1.6B	$144.6M	$12.8M	$134.1M	$218.2M	$36.6M	$35.4M
Net debt / EBITDA	0.29×	0.39×	1.14×	0.15×	-0.02×	3.04×	3.17×	0.53×
Cash conversion cycle (days)	-100	-18	-13	-51	-354	-479	-857	202