Universal Technical Institute, Inc. (UTI) 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

+47.0%

$32.63

vs $22.21 price

Levered DCF

-$0.20

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.78

Grey zone

Rating

Overall 2 / 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	28.06×	21.12×	64.46×	13.95×	39.76×	94.07×	-10.46×	-1.75×
P/B	5.39×	3.09×	1.26×	0.84×	1.17×	0.86×	1.21×	0.53×
P/S	2.12×	1.1×	0.47×	0.43×	0.66×	0.5×	0.42×	0.21×
EV / EBITDA	13.08×	8.01×	6.56×	5.89×	6.34×	6.94×	9.92×	-3.02×
Gross margin	49.7%	47.5%	45.7%	50.5%	50.2%	48.2%	46.2%	42.4%
Operating margin	10.0%	8.0%	3.5%	5.3%	4.5%	-1.3%	-2.4%	-11.1%
Net margin	7.5%	5.7%	2.0%	6.2%	4.4%	2.7%	-2.4%	-10.3%
Current ratio	1.07×	1.08×	1.11×	0.99×	1.38×	1.48×	1.22×	1.26×
Debt / equity	0.85×	1.13×	1.55×	0.97×	1.05×	0.89×	0.36×	0.33×
Interest coverage	14.82×	6.22×	2.22×	11.18×	40.95×	-387.1×	-2.42×	-10.66×
Dividend yield	0.0%	0.1%	1.8%	2.9%	2.4%	3.5%	3.8%	7.9%
Payout ratio	0.0%	2.6%	41.1%	20.0%	36.0%	65.7%	-66.7%	-16.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.2%	16.1%	5.5%	12.0%	7.7%	4.5%	-6.9%	-25.8%
Return on invested capital	10.1%	7.8%	2.5%	5.2%	3.6%	3.5%	-4.5%	-16.9%
Return on assets	7.6%	5.6%	1.7%	4.7%	2.8%	1.8%	-2.9%	-11.6%
Free cash flow yield	3.1%	7.7%	-2.6%	-18.5%	-2.9%	1.2%	11.1%	-51.7%
Earnings yield	3.6%	5.2%	4.3%	14.3%	6.6%	5.3%	-5.7%	-49.1%
Enterprise value	$1.9B	$936.6M	$482.9M	$324.1M	$285.8M	$232.4M	$113.7M	$50.5M
Net debt / EBITDA	1.03×	1.14×	2.69×	2.6×	1.43×	2.42×	-2.16×	0.96×
Cash conversion cycle (days)	-11	-6	3	-2	-5	20	50	61