Stewart Information Services Corporation (STC) 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

+63.7%

$73.47

vs $44.89 price

Levered DCF

$70.50

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.12

Grey zone

Rating

A-

Overall 4 / 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	17.22×	25.47×	52.93×	7.15×	6.62×	7.74×	12.25×	20.5×
P/B	1.24×	1.33×	1.17×	0.85×	1.67×	1.2×	1.29×	1.45×
P/S	0.7×	0.75×	0.71×	0.38×	0.65×	0.53×	0.5×	0.51×
EV / EBITDA	10.3×	11.3×	13.64×	4.89×	4.81×	4.13×	5.96×	8.79×
Gross margin	87.7%	96.8%	96.4%	96.7%	96.2%	95.0%	95.6%	96.3%
Operating margin	5.7%	4.6%	2.7%	7.6%	13.1%	9.5%	6.0%	3.8%
Net margin	4.0%	2.9%	1.3%	5.3%	9.8%	6.8%	4.1%	2.5%
Current ratio	0.72×	0.74×	0.72×	0.68×	1.04×	0×	0×	1.34×
Debt / equity	0.47×	0.4×	0.42×	0.44×	0.49×	0.22×	0.3×	0.16×
Interest coverage	8.1×	5.74×	3.08×	12.64×	86.26×	83.27×	26.94×	18.72×
Dividend yield	2.9%	2.9%	3.2%	3.9%	1.7%	2.5%	2.9%	2.9%
Payout ratio	50.6%	73.5%	166.0%	27.5%	11.3%	19.5%	36.1%	59.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.0%	5.2%	2.2%	11.9%	25.2%	15.4%	10.5%	7.1%
Return on invested capital	4.9%	4.0%	2.1%	8.4%	15.3%	171.6%	91.3%	6.7%
Return on assets	3.6%	2.7%	1.1%	5.9%	11.5%	7.8%	4.9%	3.5%
Free cash flow yield	6.5%	5.1%	2.8%	12.4%	16.4%	21.7%	15.5%	7.5%
Earnings yield	5.7%	3.9%	1.9%	14.0%	15.1%	12.9%	8.2%	4.9%
Enterprise value	$2.5B	$2.2B	$2B	$1.5B	$2.3B	$992.6M	$857M	$890.6M
Net debt / EBITDA	1.85×	1.78×	2.43×	1.12×	0.31×	-0.88×	-0.74×	-0.83×
Cash conversion cycle (days)	24	21	20	14	13	14	14	14