WaterBridge Infrastructure LLC (WBI) 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

-796.5%

-$203.62

vs $29.24 price

Levered DCF

-$220.29

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.72

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023
P/E	-200.1×	-34.59×	60.08×
P/B	1.44×	1.33×	0×
P/S	1.65×	1.33×	4.41×
EV / EBITDA	3.58×	28.05×	0×
Gross margin	27.1%	17.7%	27.5%
Operating margin	15.0%	7.4%	20.2%
Net margin	0.0%	-3.8%	7.3%
Current ratio	1.38×	1.44×	0×
Debt / equity	0.02×	0.9×	0×
Interest coverage	1.14×	0.31×	1.55×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	0.0%	-3.8%	0.0%
Return on invested capital	-0.0%	3.6%	0.0%
Return on assets	0.0%	-1.9%	0.0%
Free cash flow yield	-13.7%	0.0%	-11.2%
Earnings yield	0.0%	-2.9%	1.7%
Enterprise value	$826.7M	$1.5B	$0
Net debt / EBITDA	-0.17×	11.18×	0×
Cash conversion cycle (days)	77	47	0