ACRES Commercial Realty Corp. (ACR) 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

+9122.3%

$1,282.36

vs $13.91 price

Levered DCF

$343.72

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-0.21

Distress zone

Rating

B-

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	637.01×	13.57×	27.49×	-8.26×	6.74×	-0.62×	14.4×	41.89×
P/B	0.36×	0.28×	0.19×	0.17×	0.27×	0.39×	0.67×	0.52×
P/S	0.92×	1.48×	0.89×	1.16×	1.14×	-1.59×	6.57×	7.85×
EV / EBITDA	13.35×	10.85×	11.08×	20×	16.44×	-10.29×	0×	18.87×
Gross margin	96.0%	43.8%	57.3%	46.2%	94.2%	107.5%	100.0%	69.1%
Operating margin	61.7%	13.9%	22.7%	140.5%	95.7%	177.2%	0.0%	88.1%
Net margin	12.8%	35.1%	24.6%	16.9%	31.9%	244.5%	63.7%	74.9%
Current ratio	0×	0×	0×	90.37×	122.15×	135.46×	4.59×	0.63×
Debt / equity	3.78×	3.2×	3.95×	4.39×	4.06×	3.91×	3.37×	2.81×
Interest coverage	1.19×	0.1×	0.16×	1.07×	1.65×	-2.47×	0×	0.48×
Dividend yield	14.0%	16.2%	24.0%	26.7%	11.8%	14.8%	10.1%	9.2%
Payout ratio	99.6%	68.5%	86.7%	182.8%	42.3%	-9.7%	104.0%	96.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.1%	6.7%	5.1%	2.4%	7.6%	-59.1%	6.5%	5.0%
Return on invested capital	4.7%	0.6%	0.9%	3.6%	4.5%	-8.7%	0.0%	3.4%
Return on assets	1.0%	1.6%	1.0%	0.4%	1.5%	-12.0%	1.5%	1.3%
Free cash flow yield	2.6%	15.6%	56.3%	43.9%	33.4%	24.7%	11.7%	16.8%
Earnings yield	14.0%	23.6%	27.7%	14.6%	27.9%	-153.5%	9.7%	9.5%
Enterprise value	$1.7B	$1.5B	$1.7B	$1.9B	$1.9B	$1.4B	$2.2B	$1.8B
Net debt / EBITDA	12.13×	9.93×	10.56×	19.24×	15.39×	-9.35×	0×	15.79×
Cash conversion cycle (days)	-319	20	-29	11,791	6,173	-6,979	11,695	268