Univest Financial Corporation (UVSP) 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

-36.5%

$26.20

vs $41.29 price

Levered DCF

$36.66

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.31

Distress 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	10.36×	11.31×	9.1×	9.82×	9.59×	12.86×	11.96×	12.47×
P/B	1×	0.97×	0.77×	0.99×	1.14×	0.87×	1.16×	1.01×
P/S	1.81×	1.72×	1.45×	2.33×	3×	2.13×	2.8×	2.51×
EV / EBITDA	6.19×	9.22×	9.63×	10.78×	2.01×	11.8×	11.43×	14.37×
Gross margin	61.0%	58.6%	63.8%	86.0%	96.2%	75.1%	80.9%	79.0%
Operating margin	21.9%	19.0%	19.8%	29.5%	39.0%	20.2%	28.6%	24.2%
Net margin	17.5%	15.2%	15.9%	23.7%	31.3%	16.6%	23.5%	20.2%
Current ratio	0.08×	0.09×	0.14×	0.12×	0.23×	0.12×	0.12×	0.15×
Debt / equity	0.37×	0.47×	0.6×	0.61×	0.32×	0.5×	0.48×	0.69×
Interest coverage	0.6×	0.47×	0.58×	2.87×	5.36×	1.92×	1.78×	1.87×
Dividend yield	2.7%	2.9%	3.9%	3.2%	2.7%	2.9%	3.0%	3.7%
Payout ratio	27.9%	32.7%	35.2%	31.5%	25.7%	37.4%	35.7%	46.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.6%	8.6%	8.5%	10.1%	11.9%	6.8%	9.8%	8.1%
Return on invested capital	6.9%	5.8%	5.2%	6.1%	9.1%	4.5%	6.7%	4.8%
Return on assets	1.1%	0.9%	0.9%	1.1%	1.3%	0.7%	1.2%	1.0%
Free cash flow yield	10.3%	8.4%	12.8%	13.6%	11.0%	7.9%	8.9%	13.0%
Earnings yield	9.6%	8.8%	11.0%	10.2%	10.4%	7.8%	8.4%	8.0%
Enterprise value	$738.9M	$947.8M	$898.5M	$1.1B	$236.8M	$730.1M	$976.6M	$949.6M
Net debt / EBITDA	-1.69×	0.86×	2.68×	3.18×	-5.47×	2.09×	2.28×	4.85×
Cash conversion cycle (days)	-16	148	161	150	-1,242	-27	-82	-76