Explain this page
Arphra AIPlain-English read on TKO Group Holdings, Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $11.56B | $16.89B | — | — | — | — |
| Enterprise value | — | — | — | $14.07B | $20.12B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 5.02 | 4.25 | — | — | — | — |
| EV / FCF | — | — | — | 27.67 | 17.37 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +0.08% | +1.16% | — | — | — | — |
| Free cash flow yield | — | — | — | +4.40% | +6.86% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +40.73% | +66.18% | +59.45% | +53.90% | +49.57% | +53.49% | +55.11% | +55.83% | +55.79% |
| Operating margin | +23.38% | +47.81% | +35.00% | +27.64% | +20.30% | +28.39% | +27.60% | +28.01% | +27.59% |
| EBITDA margin | +31.17% | +52.90% | +36.48% | +24.12% | +27.62% | +30.06% | +28.57% | +29.97% | +30.14% |
| EBIT margin | +24.06% | +47.64% | +26.66% | +10.11% | +17.38% | +17.87% | +18.55% | +18.40% | +17.69% |
| Pre-tax margin | +20.99% | +35.38% | +12.37% | +1.14% | +13.09% | +8.67% | +8.69% | +8.66% | +8.69% |
| Net margin | +16.20% | +33.97% | -2.10% | +0.34% | +4.13% | +0.77% | +0.80% | +0.80% | +0.78% |
| Cost structure | |||||||||
| Cost of revenue / sales | +59.27% | +33.82% | +40.55% | +46.10% | +50.43% | +45.53% | +45.41% | +44.80% | +45.21% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +17.36% | +18.37% | +24.45% | +26.27% | +33.32% | +27.46% | +28.53% | +28.15% | +27.20% |
| Effective tax rate | +22.82% | +3.55% | +15.18% | +80.12% | +11.90% | +13.62% | +13.41% | +13.55% | +14.01% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +14.10% | +66.91% | -0.40% | +0.11% | +2.11% | +0.23% | +0.23% | +0.23% | +0.23% |
| Return on assets (ROA) | +4.13% | +10.82% | -0.28% | +0.07% | +1.26% | +0.15% | +0.15% | +0.16% | +0.15% |
| Return on capital (ROC) | +6.23% | +16.21% | +4.94% | +6.59% | +7.22% | +6.05% | +5.93% | +5.99% | +6.04% |
| Return on invested capital (ROIC) | +4.32% | +11.52% | +3.70% | +0.08% | +1.47% | +0.16% | +0.17% | +0.17% | +0.17% |
| Asset turnover | +25.49% | +31.84% | +13.20% | +22.08% | +30.56% | +19.00% | +18.99% | +19.97% | +19.43% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +16.20% | +33.97% | -2.10% | +0.34% | +4.13% | +0.77% | +0.80% | +0.80% | +0.78% |
| Asset turnover (× revenue / assets) | +25.49% | +31.84% | +13.20% | +22.08% | +30.56% | +19.00% | +18.99% | +19.97% | +19.43% |
| Equity multiplier (× assets / equity) | +341.35% | +618.62% | +143.39% | +145.67% | +167.52% | +154.49% | +155.01% | +145.77% | +155.23% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.25 | 0.32 | 0.13 | 0.22 | 0.31 | 0.19 | 0.19 | 0.20 | 0.19 |
| Fixed-asset turnover | 5.67 | 5.75 | 1.86 | 3.48 | 5.11 | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 18.46 | 25.09 | 11.39 | 12.67 | 8.48 | — | — | — | — |
| Payables turnover | 55.78 | 22.90 | 16.16 | 43.55 | 12.26 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 19.78 | 14.55 | 32.04 | 28.82 | 43.04 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 6.54 | 15.94 | 22.59 | 8.38 | 29.77 | — | — | — | — |
| Cash conversion cycle | 13.23 | -1.39 | 9.45 | 20.44 | 13.26 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.01 | 1.30 | -13.30 | 62.01 | 6.58 | 33.74 | 31.12 | 32.15 | 31.96 |
| FCF / Net income | 0.79 | 1.26 | -11.92 | 54.05 | 5.93 | 28.75 | 28.89 | 28.59 | 28.97 |
| FCF margin | +12.73% | +42.92% | +25.06% | +18.13% | +24.47% | +22.14% | +23.02% | +22.98% | +22.46% |
| OCF margin | +16.31% | +44.01% | +27.96% | +20.80% | +27.15% | +25.98% | +24.80% | +25.85% | +24.78% |
| CapEx / Revenue | +3.58% | +1.09% | +2.90% | +2.67% | +2.68% | +2.80% | +2.69% | +2.80% | +2.69% |
| CapEx / D&A | 0.50 | 0.21 | 0.30 | 0.19 | 0.26 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | +2.08% | +3.41% | +3.37% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.27 | 4.66 | -0.43 | 0.05 | 2.26 | 4.69 | 5.30 | 6.79 | 7.77 |
| EPS · basic | 3.27 | 4.66 | -0.43 | 0.12 | 2.42 | 6.61 | 7.45 | 9.80 | 11.05 |
| Book value / share | 15.13 | 6.96 | 106.88 | 50.73 | 47.68 | 102.46 | 102.28 | 130.60 | 116.50 |
| Tangible BV / share | -22.44 | -30.06 | -28.74 | -12.85 | -13.00 | 102.46 | 102.28 | 130.60 | 116.50 |
| Sales / share | 13.17 | 13.71 | 20.23 | 16.32 | 24.41 | 30.08 | 30.11 | 38.02 | 35.13 |
| Operating CF / share | 2.15 | 6.03 | 5.66 | 3.39 | 6.63 | 7.82 | 7.47 | 9.83 | 8.71 |
| Free cash flow / share | 1.68 | 5.88 | 5.07 | 2.96 | 5.97 | 6.66 | 6.93 | 8.74 | 7.89 |
| Dividends / share | 0.44 | 13.18 | 3.58 | 0.39 | 3.30 | 3.34 | 3.36 | 4.25 | 4.00 |
| Payout ratio | +20.53% | +282.98% | -841.93% | +714.88% | +327.90% | +1441.42% | +1400.79% | +1389.39% | +1467.17% |
| Retention ratio | +79.47% | -182.98% | +941.93% | -614.88% | -227.90% | -1341.42% | -1300.79% | -1289.39% | -1367.17% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +4.11% | +46.91% | +67.43% | +68.85% | +22.27% | +0.63% | +26.47% | -7.69% | +25.64% |
| Gross profit · YoY | — | +69.14% | +31.97% | +51.81% | +55.26% | +31.96% | +3.67% | +28.12% | -7.75% | +30.68% |
| Profit | ||||||||||
| Operating income · YoY | — | +112.93% | +7.53% | +32.21% | +24.04% | +70.99% | -2.19% | +28.39% | -9.08% | +28.27% |
| EBITDA · YoY | — | +76.67% | +1.32% | +10.67% | +93.37% | +33.10% | -4.37% | +32.66% | -7.16% | +25.12% |
| Net income · YoY | — | +118.30% | -109.10% | +126.71% | +1976.99% | -77.18% | +4.12% | +27.59% | -10.96% | -14.07% |
| Operating | ||||||||||
| EBIT · YoY | — | +106.14% | -17.79% | -36.51% | +190.26% | +25.76% | +4.43% | +25.48% | -11.25% | +20.91% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +42.51% | -109.23% | +112.72% | +4031.63% | +107.36% | +13.11% | +28.12% | +14.41% | +11.43% |
| EPS · basic · YoY | — | +42.51% | -109.23% | +127.91% | +1916.67% | +173.26% | +12.69% | +31.45% | +12.81% | +16.44% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $2.85B | $2.78B | $3.03B | $3.04B | $4.06B | $7.44B | $7.31B | $9.17B | $8.52B |
| Net debt | $1.98B | $2.6B | $2.79B | $2.51B | $3.23B | $6.45B | $6.32B | $7.91B | $7.4B |
| Net debt / EBITDA | 5.79 | 4.32 | 4.57 | 3.71 | 2.47 | 3.70 | 3.80 | 3.58 | 3.61 |
| Debt / equity | 2.27 | 4.81 | 0.34 | 0.35 | 0.44 | 0.38 | 0.37 | 0.36 | 0.38 |
| Debt / assets | +66.38% | +77.73% | +23.85% | +23.90% | +26.22% | +24.42% | +23.84% | +24.87% | +24.34% |
| Equity / assets | +29.30% | +16.16% | +69.74% | +68.65% | +59.69% | +64.73% | +64.51% | +68.60% | +64.42% |
| Coverage | |||||||||
| EBITDA / interest expense | 10.16 | 4.32 | 2.56 | 2.71 | 6.45 | 3.26 | 3.08 | 3.30 | 3.22 |
| Operating income / interest | 7.62 | 3.91 | 2.45 | 3.11 | 4.74 | 3.08 | 2.98 | 3.09 | 2.95 |
| Interest expense | $33.61M | $139.57M | $239.04M | $249.12M | $202.72M | $533.94M | $539.64M | $668.57M | $636.59M |
| Liquidity | |||||||||
| Current ratio | 5.06 | 1.17 | 1.04 | 1.30 | 1.26 | — | — | — | — |
| Quick ratio | 4.99 | 0.98 | 0.81 | 1.11 | 0.75 | — | — | — | — |
| Cash ratio | 4.67 | 0.78 | 0.50 | 0.78 | 0.45 | — | — | — | — |
| Working capital | $760.94M | $38.12M | $20.29M | $198.91M | $482M | — | — | — | — |
| Working capital / revenue | +69.48% | +3.34% | +1.21% | +7.09% | +10.18% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 4.25x | 5.02x |
| Earnings yield | 1.2% | 0.1% |
| FCF yield | 6.9% | 4.4% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 5.2% | 0.2% |
| ROA | 1.3% | 0.1% |
| ROIC | 6.2% | 1.3% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 2.47 | 3.71 |
| Interest coverage | — | — |
| Current ratio | 1.26x | 1.30x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).