XPLR Infrastructure, LP (XIFR) 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

-3811.9%

-$354.85

vs $9.56 price

Levered DCF

$324.38

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.16

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	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-33.33×	-74.88×	8.59×	3.33×	10.58×	-23.11×	-12.4×	6.14×
P/B	0.29×	0.54×	0.48×	0.48×	0.49×	0.54×	0.5×	0.44×
P/S	0.79×	1.42×	1.59×	1.64×	2×	1.39×	1.29×	1.33×
EV / EBITDA	10.18×	19.61×	10.01×	11.45×	13.98×	6.18×	8.49×	5.96×
Gross margin	10.6%	59.0%	51.8%	45.6%	48.2%	60.4%	60.7%	66.7%
Operating margin	4.9%	-37.3%	-2.6%	4.5%	8.9%	27.6%	27.3%	57.5%
Net margin	-2.4%	-1.9%	18.6%	49.2%	19.0%	-5.5%	-8.3%	24.9%
Current ratio	0.91×	0.79×	1.33×	1.4×	1.12×	1.18×	1.44×	0.4×
Debt / equity	1.94×	1.66×	1.76×	1.59×	1.79×	1.44×	1.9×	1.46×
Interest coverage	0.13×	-2.7×	-0.07×	0.05×	0×	0.41×	0.33×	1.79×
Dividend yield	44.8%	46.6%	43.2%	40.0%	42.8%	35.3%	34.8%	29.5%
Payout ratio	-1503.6%	-3547.8%	370.5%	133.3%	451.8%	-898.0%	-539.4%	157.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.9%	-0.7%	5.6%	14.3%	4.6%	-2.1%	-3.3%	8.2%
Return on invested capital	0.3%	-2.1%	-0.1%	0.2%	0.3%	1.9%	1.8%	4.7%
Return on assets	-0.1%	-0.1%	0.9%	2.1%	0.7%	-0.4%	-0.6%	2.0%
Free cash flow yield	-23.3%	31.9%	-31.4%	-36.2%	39.0%	26.0%	23.0%	32.8%
Earnings yield	-3.0%	-1.3%	11.7%	30.0%	9.5%	-3.9%	-6.5%	18.7%
Enterprise value	$6.2B	$6.8B	$7.7B	$6.7B	$6.6B	$4.6B	$5.1B	$4.3B
Net debt / EBITDA	8.64×	14.54×	7.79×	8.71×	10.93×	4.45×	6.66×	4.54×
Cash conversion cycle (days)	-83	17	540	-143	-415	-80	-59	-8