Vitesse Energy, Inc. (VTS) 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

+75.6%

$30.58

vs $17.42 price

Levered DCF

$43.70

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.13

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
P/E	28.75×	35.71×	-29.99×	67.31×	423.73×	-56.45×	13.78×
P/B	1.15×	1.5×	1.18×	0.87×	15.8×	1×	0×
P/S	2.65×	3.1×	2.77×	1.75×	41.45×	5.08×	2.91×
EV / EBITDA	4.88×	6.25×	5.65×	2.86×	94.18×	10.95×	0×
Gross margin	18.9%	30.0%	38.9%	57.8%	68.4%	-12.3%	65.9%
Operating margin	6.3%	16.9%	14.9%	54.6%	29.1%	-34.8%	21.5%
Net margin	9.2%	8.7%	-9.2%	42.2%	9.8%	-9.1%	21.0%
Current ratio	1.02×	0.51×	0.97×	1.48×	0.9×	1.3×	0×
Debt / equity	0.21×	0.24×	0.15×	0.09×	0.14×	0.2×	0×
Interest coverage	1.68×	4.11×	6.61×	37.05×	16.81×	-7.23×	7.64×
Dividend yield	12.7%	8.5%	9.0%	7.3%	0.2%	0.0%	5.0%
Payout ratio	364.5%	301.8%	-268.8%	30.3%	66.2%	0.0%	69.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.0%	4.2%	-3.9%	20.9%	3.7%	-1.8%	0.0%
Return on invested capital	1.5%	4.2%	-2.3%	24.6%	9.4%	-5.6%	0.0%
Return on assets	2.8%	2.6%	-2.8%	18.0%	3.0%	-1.4%	0.0%
Free cash flow yield	23.5%	5.3%	3.3%	12.7%	0.6%	1.1%	-0.6%
Earnings yield	3.5%	2.8%	-3.3%	24.1%	0.2%	-1.8%	7.2%
Enterprise value	$853M	$869.3M	$730.7M	$534.3M	$7.7B	$592.6M	$0
Net debt / EBITDA	0.73×	0.85×	0.65×	0.22×	0.76×	1.83×	0×
Cash conversion cycle (days)	21	-14	-1	31	11	29	0