Upbound Group, Inc. (UPBD) 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

+1993.1%

$478.05

vs $22.84 price

Levered DCF

$51.67

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.62

Grey zone

Rating

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	13.51×	12.91×	-360.62×	98.04×	20.27×	9.97×	9.04×	101.19×
P/B	1.43×	2.53×	3.33×	2.31×	5.34×	3.5×	3.41×	3.02×
P/S	0.21×	0.37×	0.47×	0.29×	0.6×	0.74×	0.59×	0.33×
EV / EBITDA	1.57×	1.82×	2.31×	1.81×	2.72×	2.58×	2.15×	1.6×
Gross margin	48.4%	48.1%	50.7%	49.0%	48.8%	59.4%	61.6%	63.5%
Operating margin	4.8%	6.7%	4.1%	3.5%	6.1%	8.4%	9.5%	2.1%
Net margin	1.6%	2.9%	-0.1%	0.3%	2.9%	7.4%	6.5%	0.3%
Current ratio	2.52×	2.91×	2.46×	2.43×	0.55×	0.68×	0.52×	0.85×
Debt / equity	2.67×	2.52×	2.86×	3.19×	3.64×	0.8×	1.12×	1.88×
Interest coverage	1.98×	2.64×	1.44×	1.69×	3.96×	15.49×	8.18×	1.31×
Dividend yield	8.9%	5.2%	4.4%	6.5%	2.6%	3.0%	0.9%	0.0%
Payout ratio	120.0%	66.7%	-1603.7%	640.8%	53.0%	30.3%	7.9%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.5%	19.6%	-0.9%	2.4%	26.3%	35.1%	37.8%	3.0%
Return on invested capital	5.7%	9.1%	-0.7%	1.3%	7.6%	17.0%	16.6%	3.2%
Return on assets	2.2%	4.7%	-0.2%	0.4%	4.5%	11.9%	11.0%	0.6%
Free cash flow yield	24.1%	3.0%	7.9%	33.5%	12.0%	9.7%	12.4%	23.1%
Earnings yield	7.4%	7.7%	-0.3%	1.0%	4.9%	10.0%	11.1%	1.0%
Enterprise value	$2.7B	$3.1B	$3.4B	$2.7B	$4.5B	$2.4B	$2B	$1.3B
Net debt / EBITDA	1×	0.89×	1.03×	1.01×	1.07×	0.34×	0.48×	0.49×
Cash conversion cycle (days)	192	-6	207	174	-10	-46	-47	-32