Champion Homes, Inc. (SKY) 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

-0.6%

$88.25

vs $88.80 price

Levered DCF

$94.90

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

7.75

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.71×	27.27×	33.34×	10.67×	12.71×	31.61×	14.97×	-17.43×
P/B	2.59×	3.51×	3.44×	3.48×	3.82×	4.72×	1.84×	2.46×
P/S	1.53×	2.18×	2.42×	1.64×	1.43×	1.89×	0.64×	0.75×
EV / EBITDA	10.87×	16.15×	18.93×	6.35×	7.83×	18.81×	7.28×	-49.05×
Gross margin	26.4%	26.2%	23.5%	31.0%	26.3%	19.9%	20.0%	17.7%
Operating margin	9.5%	9.5%	8.7%	19.9%	15.1%	7.7%	6.7%	-1.5%
Net margin	7.8%	8.0%	7.2%	15.4%	11.2%	6.0%	4.2%	-4.3%
Current ratio	2.65×	2.41×	2.36×	4.19×	2.23×	1.9×	2.14×	1.54×
Debt / equity	0.07×	0.11×	0.11×	0.03×	0.07×	0.13×	0.27×	0.21×
Interest coverage	33.36×	27.99×	37.98×	158.31×	102.59×	28.8×	19.7×	-3.83×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	6.4%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-112.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.2%	12.8%	10.3%	32.6%	30.1%	14.9%	12.2%	-14.1%
Return on invested capital	11.1%	10.5%	8.1%	29.6%	27.0%	12.2%	9.8%	-3.6%
Return on assets	9.7%	9.4%	7.6%	25.7%	20.1%	9.2%	7.4%	-8.3%
Free cash flow yield	6.6%	3.5%	3.5%	8.5%	6.1%	5.4%	7.0%	5.2%
Earnings yield	5.1%	3.7%	3.0%	9.4%	7.9%	3.2%	6.7%	-5.7%
Enterprise value	$3.5B	$5B	$4.6B	$3.6B	$2.8B	$2.5B	$788.1M	$975.7M
Net debt / EBITDA	-1.62×	-1.45×	-1.42×	-1.25×	-1.06×	-1.4×	-0.77×	1.96×
Cash conversion cycle (days)	66	71	75	41	48	50	41	41