Twin Disc, Incorporated (TWIN) 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

-192.3%

-$22.84

vs $24.75 price

Levered DCF

$24.65

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.39

Safe zone

Rating

A+

Overall 4 / 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	12.08×	-63.07×	15.18×	14.62×	11.62×	-6.35×	-1.84×	17.28×
P/B	1.49×	0.75×	1.07×	1.05×	0.93×	1.45×	0.52×	1.01×
P/S	0.86×	0.36×	0.56×	0.55×	0.5×	0.86×	0.3×	0.61×
EV / EBITDA	11.72×	8.05×	7.25×	6.44×	6.41×	58.78×	-3.92×	8.83×
Gross margin	26.9%	27.2%	28.2%	26.8%	28.3%	23.3%	22.6%	29.6%
Operating margin	4.7%	2.9%	3.9%	5.8%	4.5%	-5.6%	-16.3%	6.1%
Net margin	7.1%	-0.6%	3.7%	3.7%	4.3%	-13.6%	-16.1%	3.5%
Current ratio	2.35×	1.96×	2.21×	2.19×	2.52×	2.44×	2.61×	2.77×
Debt / equity	0.2×	0.3×	0.31×	0.2×	0.36×	0.35×	0.4×	0.31×
Interest coverage	5.83×	3.74×	7.95×	7.13×	5.19×	-5.2×	-23.83×	9.6×
Dividend yield	0.7%	1.9%	1.0%	0.2%	0.2%	0.1%	0.0%	0.0%
Payout ratio	8.4%	-120.6%	15.4%	2.3%	2.0%	-0.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.3%	-1.2%	7.1%	7.2%	8.0%	-22.8%	-28.6%	5.9%
Return on invested capital	6.2%	-3.8%	3.9%	6.2%	4.8%	-6.2%	-15.7%	5.0%
Return on assets	6.7%	-0.5%	3.5%	3.6%	3.8%	-10.8%	-13.5%	3.1%
Free cash flow yield	2.8%	7.2%	15.1%	9.9%	-10.8%	1.1%	-2.2%	-9.4%
Earnings yield	8.3%	-1.5%	6.6%	6.8%	8.7%	-15.8%	-54.6%	5.8%
Enterprise value	$356.6M	$155.4M	$194.3M	$167.8M	$155.6M	$221.1M	$117.5M	$228M
Net debt / EBITDA	0.95×	1.71×	1.05×	0.62×	1.43×	8.67×	-1.49×	1.68×
Cash conversion cycle (days)	257	230	233	244	275	249	227	215