Wealthfront Corporation (WLTH) 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

-28.0%

$7.52

vs $10.44 price

Levered DCF

$18.99

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.24

Distress zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023
P/E	-11.73×	10.67×	26.77×
P/B	0.8×	8.56×	44.79×
P/S	1.35×	6.72×	9.58×
EV / EBITDA	-0.55×	13.06×	23.9×
Gross margin	22.6%	90.0%	89.4%
Operating margin	-30.5%	39.3%	37.6%
Net margin	-11.5%	63.0%	35.5%
Current ratio	1.55×	2×	1.43×
Debt / equity	0.02×	0.06×	1.89×
Interest coverage	-124.77×	43.23×	40.79×
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	-6.8%	80.2%	166.1%
Return on invested capital	-7.4%	45.7%	56.4%
Return on assets	-3.0%	44.7%	33.3%
Free cash flow yield	30.7%	5.9%	3.5%
Earnings yield	-8.5%	9.4%	3.7%
Enterprise value	$51.3M	$1.9B	$2.1B
Net debt / EBITDA	4.74×	-0.93×	-0.06×
Cash conversion cycle (days)	212	98	63