Venture Global, Inc. (VG) 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

-1667.1%

-$209.53

vs $13.37 price

Levered DCF

-$297.55

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.17

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
P/E	7.33×	39.34×	21.05×	25.53×	-160×
P/B	2.45×	20.04×	32.9×	-303.17×	0×
P/S	1.2×	11.68×	6.29×	8.75×	0×
EV / EBITDA	8.53×	27.28×	12.34×	15.54×	0×
Gross margin	49.3%	66.4%	78.7%	65.1%	0.0%
Operating margin	36.6%	35.5%	61.4%	55.1%	0.0%
Net margin	19.6%	31.0%	33.9%	28.8%	0.0%
Current ratio	0.93×	1.29×	2.57×	0.81×	0×
Debt / equity	5.18×	10.29×	14.02×	-58.84×	0×
Interest coverage	3.46×	3.02×	7.57×	6.01×	-6.48×
Dividend yield	2.8%	0.2%	0.3%	0.0%	0.0%
Payout ratio	17.2%	9.0%	6.1%	0.3%	-2.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	40.0%	53.3%	177.5%	-998.9%	0.0%
Return on invested capital	8.2%	3.5%	15.0%	23.0%	0.0%
Return on assets	5.0%	3.5%	9.4%	12.3%	0.0%
Free cash flow yield	-41.1%	-19.9%	-7.1%	-1.6%	-4.6%
Earnings yield	16.3%	2.7%	5.4%	3.3%	-0.6%
Enterprise value	$49.1B	$84.3B	$66B	$66.7B	$0
Net debt / EBITDA	5.65×	8.48×	3.06×	2.4×	0×
Cash conversion cycle (days)	-1	-271	-73	-26	0