Binah Capital Group, Inc. (BCG) 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

+402.8%

$5.48

vs $1.09 price

Levered DCF

$2.84

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.52

Grey 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
P/E	57.6×	-9.19×	268.36×	168.14×	55.88×	-45.24×
P/B	18.46×	39.63×	30.03×	31.29×	24.67×	28.9×
P/S	0.26×	0.3×	0.96×	0.89×	0.92×	1.39×
EV / EBITDA	11.88×	36.94×	27.64×	29.13×	29.55×	176×
Gross margin	7.6%	7.2%	6.4%	7.3%	7.3%	8.2%
Operating margin	3.7%	0.9%	0.5%	1.2%	1.2%	-1.5%
Net margin	1.3%	-3.2%	0.4%	0.5%	1.7%	-3.1%
Current ratio	0.9×	0.9×	0.91×	0.29×	0.96×	0.87×
Debt / equity	10.09×	23.41×	8.34×	7.98×	7.51×	7.67×
Interest coverage	3.22×	0.37×	0.14×	0.63×	0.7×	-0.63×
Dividend yield	1.7%	1.3%	0.1%	0.0%	1.5%	0.7%
Payout ratio	36.0%	-11.9%	35.0%	0.0%	80.0%	-33.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	88.8%	-429.9%	11.2%	18.6%	44.9%	-64.0%
Return on invested capital	13.5%	3.3%	1.5%	2.9%	3.8%	-3.2%
Return on assets	3.3%	-7.9%	0.8%	1.3%	3.8%	-5.3%
Free cash flow yield	10.6%	-1.4%	1.6%	3.3%	1.4%	1.0%
Earnings yield	4.8%	-10.8%	0.4%	0.6%	1.8%	-2.2%
Enterprise value	$64.5M	$70.1M	$188.6M	$184.4M	$192.5M	$187.2M
Net debt / EBITDA	3.04×	11.24×	5.18×	4.93×	6.03×	31.93×
Cash conversion cycle (days)	-31	-27	2	2	-22	-35