Simmons First National Corporation (SFNC) 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

-102.3%

-$0.54

vs $23.82 price

Levered DCF

$8.03

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.5

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	-6.39×	18.18×	14.38×	10.43×	11.98×	9.31×	11.07×	10.31×
P/B	0.74×	0.79×	0.72×	0.84×	1×	0.8×	1.02×	0.99×
P/S	4.05×	1.92×	1.85×	2.69×	3.83×	2.42×	3.13×	2.75×
EV / EBITDA	-5.9×	14.92×	13.18×	9.69×	9.23×	2.5×	11.45×	10.81×
Gross margin	5.8%	49.5%	55.9%	84.5%	94.3%	80.1%	76.9%	79.5%
Operating margin	-84.2%	11.8%	15.0%	30.1%	39.2%	32.6%	31.1%	32.8%
Net margin	-63.4%	10.6%	13.0%	25.1%	32.0%	26.0%	24.5%	26.6%
Current ratio	0.86×	0.1×	0.17×	0.2×	0.45×	0.4×	0.26×	0.24×
Debt / equity	0.19×	0.33×	0.41×	0.42×	0.59×	0.68×	0.61×	0.8×
Interest coverage	-1.01×	0.25×	0.36×	2.12×	4.18×	2.67×	1.67×	2.08×
Dividend yield	4.5%	3.8%	4.1%	3.4%	2.4%	3.1%	2.1%	2.5%
Payout ratio	-28.9%	69.1%	57.7%	36.7%	29.1%	29.3%	27.0%	25.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-11.6%	4.3%	5.1%	7.8%	8.3%	8.6%	8.0%	9.6%
Return on invested capital	-28.7%	3.1%	3.4%	5.5%	5.3%	4.9%	4.8%	5.3%
Return on assets	-1.6%	0.6%	0.6%	0.9%	1.1%	1.1%	1.1%	1.3%
Free cash flow yield	16.7%	13.7%	20.4%	10.5%	7.1%	8.0%	6.2%	8.9%
Earnings yield	-15.7%	5.5%	7.0%	9.4%	8.3%	10.7%	7.8%	9.7%
Enterprise value	$2.8B	$3.2B	$3.3B	$3.4B	$3.5B	$922.2M	$3.9B	$3.2B
Net debt / EBITDA	-0.55×	2.12×	3.19×	1.98×	0.67×	-3.93×	2.46×	3.25×
Cash conversion cycle (days)	61	31	33	-557	-1,493	-380	-245	-203