XBP Global Holdings, Inc. (XBP) 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

+2581.6%

$72.94

vs $2.72 price

Levered DCF

-$63.95

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

5.19

Safe zone

Rating

A-

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
P/E	0.07×	-0.15×	-10.82×	-28.6×	-184.81×	-10.85×	-423.04×
P/B	0.92×	-1.54×	-9.5×	-8.43×	-11.96×	-15.99×	0×
P/S	0.1×	0.23×	0.77×	1.26×	1.54×	1.41×	11.67×
EV / EBITDA	0.37×	8.76×	23.16×	123.08×	-174.19×	-24.13×	0×
Gross margin	15.6%	26.8%	25.7%	24.2%	19.9%	19.3%	20.2%
Operating margin	1.5%	2.4%	0.7%	-1.1%	-1.8%	-8.8%	-0.7%
Net margin	139.5%	-8.7%	-7.1%	-4.4%	-6.2%	-13.0%	-2.8%
Current ratio	0.74×	0.6×	0.61×	0.69×	0.65×	0.8×	0×
Debt / equity	4.94×	-1.66×	-1.88×	-1.4×	-1.73×	-2.92×	0×
Interest coverage	0.12×	0.55×	0.16×	-0.64×	0×	-6.71×	-0.53×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1263.5%	57.9%	87.9%	29.4%	48.0%	147.4%	0.0%
Return on invested capital	1.9%	13.4%	4.3%	-6.8%	-7.9%	-26.1%	0.0%
Return on assets	122.3%	-14.0%	-10.8%	-6.5%	-10.0%	-17.5%	0.0%
Free cash flow yield	-188.1%	-19.7%	-3.2%	1.6%	-1.6%	1.0%	-0.3%
Earnings yield	1378.5%	-37.6%	-9.2%	-3.5%	-4.0%	-9.2%	-0.2%
Enterprise value	$474.1M	$56.2M	$136.5M	$257.2M	$360.2M	$354.6M	$0
Net debt / EBITDA	0.3×	3.63×	2.9×	14.49×	-20.77×	-3.19×	0×
Cash conversion cycle (days)	36	23	46	74	72	88	0