SharkNinja, Inc. (SN) 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

-82.3%

$37.79

vs $213.20 price

Levered DCF

$43.46

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

9.09

Safe 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
P/E	22.52×	31.01×	42.64×	25.34×	17.78×	18×
P/B	5.89×	7.04×	4.81×	3.22×	3.34×	0×
P/S	2.47×	2.46×	1.67×	1.58×	1.58×	2.14×
EV / EBITDA	14.61×	18.7×	17.72×	14.91×	12.22×	0×
Gross margin	49.0%	48.1%	44.9%	37.9%	38.6%	45.5%
Operating margin	14.4%	11.7%	8.8%	8.6%	11.8%	16.9%
Net margin	11.0%	7.9%	3.9%	6.3%	8.9%	11.9%
Current ratio	2.04×	1.73×	1.69×	1.77×	1.78×	0×
Debt / equity	0.34×	0.49×	0.59×	0.28×	0.32×	0×
Interest coverage	18.95×	10.11×	8.32×	11.89×	26.91×	11.56×
Dividend yield	0.0%	0.0%	2.1%	0.8%	0.7%	0.0%
Payout ratio	0.0%	0.0%	89.9%	19.6%	12.7%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	26.2%	22.7%	11.3%	12.7%	18.8%	0.0%
Return on invested capital	19.7%	16.9%	8.9%	10.2%	14.4%	0.0%
Return on assets	13.1%	10.0%	4.8%	7.1%	9.9%	0.0%
Free cash flow yield	3.0%	2.2%	2.1%	1.9%	2.9%	4.0%
Earnings yield	4.4%	3.2%	2.3%	4.0%	5.6%	5.6%
Enterprise value	$15.9B	$14.2B	$7.8B	$6.2B	$6.2B	$0
Net debt / EBITDA	0.11×	0.76×	1.62×	0.77×	0.67×	0×
Cash conversion cycle (days)	138	120	122	117	114	0