The Simply Good Foods Company (SMPL) 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

+167.2%

$33.21

vs $12.43 price

Levered DCF

$57.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.97

Grey zone

Rating

Overall 3 / 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	-6.47×	27.8×	22.73×	25.72×	28.65×	82.21×	68.62×	-98.77×
P/B	0.7×	1.6×	1.83×	2.18×	2.16×	2.85×	2.09×	3.54×
P/S	0.74×	1.99×	2.37×	2.76×	2.66×	3.37×	2.92×	4.82×
EV / EBITDA	-8.32×	16.89×	14.42×	15.75×	17.64×	28.08×	22.14×	194.47×
Gross margin	32.6%	35.1%	37.2%	35.1%	36.6%	39.1%	37.8%	40.1%
Operating margin	-13.2%	15.1%	16.6%	16.5%	17.4%	18.0%	13.9%	15.3%
Net margin	-11.5%	7.1%	10.5%	10.7%	9.3%	4.1%	8.0%	-4.8%
Current ratio	5.57×	3.64×	4.05×	4.14×	3.44×	2.63×	3.64×	7.45×
Debt / equity	0.27×	0.17×	0.25×	0.21×	0.32×	0.42×	0.55×	0.27×
Interest coverage	-8.38×	9.4×	8.49×	6.82×	9.29×	5.73×	3.47×	5.89×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-10.7%	5.7%	8.1%	8.5%	7.5%	3.4%	5.8%	-3.5%
Return on invested capital	-7.2%	7.3%	7.0%	7.6%	7.2%	4.6%	4.8%	7.3%
Return on assets	-7.7%	4.3%	5.6%	6.3%	5.1%	2.0%	3.2%	-2.2%
Free cash flow yield	15.5%	5.5%	6.6%	4.6%	3.4%	3.7%	2.4%	2.9%
Earnings yield	-15.4%	3.6%	4.4%	3.9%	3.5%	1.2%	2.8%	-1.0%
Enterprise value	$1.3B	$3.1B	$3.5B	$3.7B	$3.5B	$3.8B	$2.9B	$2.5B
Net debt / EBITDA	-1.7×	1.13×	1.27×	1.03×	1.95×	3.13×	4.01×	-5.98×
Cash conversion cycle (days)	72	76	78	72	73	63	59	57