Atlantic American Corporation (AAME) 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

+585.1%

$7.19

vs $1.05 price

Levered DCF

$9.32

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.34

Distress 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	10.11×	-6.7×	-87.81×	42.39×	12.89×	3.55×	-103.14×	-69.45×
P/B	0.48×	0.32×	0.47×	0.47×	0.35×	0.29×	0.34×	0.48×
P/S	0.27×	0.17×	0.27×	0.25×	0.25×	0.22×	0.2×	0.26×
EV / EBITDA	0.47×	-22.72×	17.42×	11.06×	7.67×	3.12×	22.34×	34.09×
Gross margin	37.0%	7.6%	9.7%	9.4%	10.2%	14.7%	6.8%	7.5%
Operating margin	5.1%	-2.8%	-0.3%	1.1%	2.7%	7.9%	-0.2%	-0.5%
Net margin	2.9%	-2.3%	-0.1%	0.8%	2.1%	6.2%	-0.2%	-0.4%
Current ratio	0×	8.84×	0×	14.37×	186.96×	0×	5.89×	0.06×
Debt / equity	0×	0.38×	0.34×	0.35×	0.24×	0.23×	0.28×	0.33×
Interest coverage	3.51×	-1.54×	-0.17×	1.07×	3.82×	9.63×	-0.19×	-0.48×
Dividend yield	0.7%	2.6%	1.6%	1.7%	1.6%	0.9%	2.0%	1.6%
Payout ratio	6.6%	-18.9%	-471.9%	52.9%	18.9%	3.3%	-207.8%	-114.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.0%	-4.3%	-0.2%	1.5%	3.0%	8.4%	-0.3%	-0.7%
Return on invested capital	18.2%	-11.2%	-5.7%	3.4%	0.7%	0.0%	-0.1%	0.7%
Return on assets	1.4%	-1.1%	-0.0%	0.4%	1.1%	3.0%	-0.1%	-0.2%
Free cash flow yield	56.1%	14.6%	5.1%	13.3%	2.0%	20.8%	-4.7%	8.5%
Earnings yield	10.4%	-13.6%	-0.3%	3.2%	8.6%	28.9%	-1.0%	-1.4%
Enterprise value	$14.1M	$33.6M	$58.4M	$54.6M	$59M	$56.5M	$60.8M	$70M
Net debt / EBITDA	-1.45×	-1.48×	2.52×	1.39×	1.17×	0.8×	7.67×	10.28×
Cash conversion cycle (days)	0	98	88	-80	-59	106	-15	0