Willdan Group, Inc. (WLDN) 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

+90.7%

$137.38

vs $72.02 price

Levered DCF

$245.33

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.17

Safe zone

Rating

Overall 4 / 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	29.38×	23.56×	26.22×	-27.46×	-51.76×	-33.9×	72.58×	33.01×
P/B	5.06×	2.26×	1.44×	1.28×	2.45×	2.91×	2.08×	2.29×
P/S	2.26×	0.94×	0.56×	0.54×	1.24×	1.26×	0.79×	1.22×
EV / EBITDA	23.99×	11.46×	9.36×	30.52×	63.35×	144.5×	19.89×	20.3×
Gross margin	37.5%	35.8%	35.2%	33.5%	38.4%	33.1%	30.5%	34.1%
Operating margin	6.5%	5.5%	4.3%	-1.6%	-2.5%	-4.2%	2.1%	4.7%
Net margin	7.7%	4.0%	2.1%	-2.0%	-2.4%	-3.7%	1.1%	3.7%
Current ratio	1.56×	1.71×	1.67×	1.37×	1.27×	1.34×	1.33×	1.49×
Debt / equity	0.23×	0.46×	0.57×	0.68×	0.66×	0.8×	0.93×	0.49×
Interest coverage	7.68×	4.02×	2.35×	-1.33×	-2.25×	-3.2×	1.91×	18.24×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	17.2%	9.6%	5.5%	-4.7%	-4.7%	-8.6%	2.9%	7.0%
Return on invested capital	11.3%	7.7%	5.2%	-1.7%	-2.0%	-3.9%	2.9%	4.8%
Return on assets	9.7%	4.9%	2.6%	-2.1%	-2.1%	-3.6%	1.1%	3.3%
Free cash flow yield	4.6%	12.0%	10.2%	-0.1%	0.3%	8.5%	1.4%	1.7%
Earnings yield	3.4%	4.3%	3.8%	-3.6%	-1.9%	-2.9%	1.4%	3.0%
Enterprise value	$1.5B	$564.3M	$378.7M	$346.9M	$545.5M	$598.5M	$497.8M	$387.2M
Net debt / EBITDA	0.05×	0.68×	2.24×	10.08×	12.43×	25.77×	5.97×	2.94×
Cash conversion cycle (days)	56	67	81	103	76	56	95	79