Stanley Black & Decker, Inc. (SWK) 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

-66.3%

$36.20

vs $107.41 price

Levered DCF

$149.19

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.48

Grey 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	28.86×	41.11×	-47.39×	-79.91×	17.88×	22.72×	25.74×	27.65×
P/B	1.28×	1.39×	1.62×	1.15×	2.58×	2.49×	2.69×	2.26×
P/S	0.77×	0.79×	0.93×	0.66×	1.96×	2.11×	1.9×	1.28×
EV / EBITDA	12.4×	13.93×	26.84×	19.42×	15.57×	15.29×	14.55×	12.13×
Gross margin	29.9%	29.9%	26.0%	24.2%	33.2%	34.1%	33.1%	35.0%
Operating margin	7.6%	8.8%	5.8%	5.4%	13.5%	14.9%	13.7%	13.5%
Net margin	2.7%	1.9%	-1.8%	-0.8%	11.1%	9.5%	7.4%	4.3%
Current ratio	1.14×	1.3×	1.19×	1.21×	0.97×	1.32×	1.01×	1.16×
Debt / equity	0.66×	0.76×	0.81×	0.78×	0.58×	0.39×	0.4×	0.53×
Interest coverage	2.48×	2.71×	1.62×	2.7×	11.16×	8.74×	6.23×	6.78×
Dividend yield	4.3%	4.1%	3.3%	4.2%	1.6%	1.6%	1.6%	2.2%
Payout ratio	124.6%	171.6%	-171.3%	-352.7%	29.2%	36.5%	42.0%	63.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.4%	3.3%	-3.1%	-1.4%	14.6%	11.2%	10.5%	7.7%
Return on invested capital	6.4%	7.7%	3.6%	4.4%	9.2%	9.8%	9.4%	7.1%
Return on assets	1.9%	1.3%	-1.2%	-0.5%	6.0%	5.2%	4.6%	3.1%
Free cash flow yield	5.9%	6.2%	5.8%	-17.9%	0.5%	6.1%	4.4%	4.3%
Earnings yield	3.5%	2.4%	-1.9%	-1.2%	5.6%	4.5%	3.9%	3.4%
Enterprise value	$17.3B	$18.4B	$21.5B	$18.3B	$36.5B	$30.6B	$28B	$21.7B
Net debt / EBITDA	4.1×	4.76×	8.54×	7.61×	2.8×	1.55×	1.75×	2.17×
Cash conversion cycle (days)	91	99	106	126	107	46	48	48