Silgan Holdings Inc. (SLGN) 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

+196.4%

$125.32

vs $42.29 price

Levered DCF

$150.63

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.51

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	14.9×	20.1×	15.08×	16.78×	13.18×	13.29×	17.76×	11.64×
P/B	1.89×	2.8×	2.61×	3.33×	3.03×	3.28×	3.37×	2.96×
P/S	0.66×	0.95×	0.82×	0.89×	0.83×	0.83×	0.77×	0.59×
EV / EBITDA	8.55×	11.53×	9.25×	10.17×	9.86×	9.81×	10.07×	8.06×
Gross margin	17.7%	17.3%	16.6%	16.3%	16.2%	17.6%	15.9%	15.5%
Operating margin	10.2%	9.8%	10.1%	9.4%	10.1%	0.0%	8.0%	9.3%
Net margin	4.4%	4.7%	5.4%	5.3%	6.3%	6.3%	4.3%	5.0%
Current ratio	1.22×	1.12×	1.02×	1.48×	1.52×	1.51×	1.38×	1.42×
Debt / equity	2.03×	2.19×	1.94×	2.12×	2.58×	2.77×	2.38×	2.62×
Interest coverage	3.48×	3.45×	3.48×	4.76×	5.31×	0×	3.4×	3.54×
Dividend yield	2.0%	1.5%	1.6%	1.3%	1.3%	1.3%	1.5%	1.7%
Payout ratio	29.7%	29.7%	24.2%	21.1%	17.4%	17.4%	26.2%	19.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.7%	13.9%	17.3%	19.8%	23.0%	24.6%	18.9%	25.4%
Return on invested capital	6.0%	6.4%	7.5%	7.2%	7.0%	0.0%	6.9%	8.2%
Return on assets	3.1%	3.2%	4.3%	4.6%	4.6%	4.7%	3.9%	4.9%
Free cash flow yield	9.8%	8.2%	5.2%	9.3%	6.9%	9.2%	8.0%	12.1%
Earnings yield	6.7%	5.0%	6.6%	6.0%	7.6%	7.5%	5.6%	8.6%
Enterprise value	$7.8B	$9.1B	$7.9B	$8.8B	$8.1B	$7.2B	$5.7B	$4.8B
Net debt / EBITDA	3.86×	4.47×	3.51×	3.54×	4.12×	4.19×	3.96×	3.71×
Cash conversion cycle (days)	21	23	27	24	20	35	32	34