Bluerock Homes Trust, Inc. (BHM) 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

+7028.6%

$545.34

vs $7.65 price

Levered DCF

$330.44

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.26

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
P/E	18.4×	-12.06×	-10.76×	-81.96×	-1.09×	-4.71×
P/B	0.15×	0.21×	0.35×	0.51×	0.19×	0.46×
P/S	0.6×	1.02×	1.31×	1.92×	4.68×	11.32×
EV / EBITDA	13.46×	11.24×	8.45×	8.78×	1.27×	22.24×
Gross margin	-56.9%	24.4%	23.3%	55.1%	78.8%	86.8%
Operating margin	-33.8%	-36.6%	-35.9%	35.3%	2.2%	-6.9%
Net margin	3.3%	0.1%	-10.6%	-2.3%	192.6%	-240.7%
Current ratio	6.35×	1.37×	2.99×	1.46×	11×	0.42×
Debt / equity	1.58×	1.55×	1.07×	0.96×	0.14×	0.3×
Interest coverage	-1.08×	-1.02×	-1.13×	2.64×	0.13×	-0.16×
Dividend yield	5.9%	14.3%	0.1%	83.6%	0.0%	0.0%
Payout ratio	108.0%	22925.0%	-1.8%	-6847.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	0.8%	0.0%	-2.8%	-0.6%	7.8%	-9.9%
Return on invested capital	-2.1%	-1.9%	-2.2%	2.3%	0.1%	-0.2%
Return on assets	0.2%	0.0%	-0.7%	-0.2%	6.3%	-3.6%
Free cash flow yield	25.1%	-0.5%	8.1%	-18.5%	9.7%	15.7%
Earnings yield	5.4%	0.1%	-8.1%	-1.2%	41.2%	-21.3%
Enterprise value	$300.3M	$309.7M	$140.3M	$156.7M	$17M	$88.5M
Net debt / EBITDA	11.6×	9.38×	5.21×	4.19×	-4.94×	1.29×
Cash conversion cycle (days)	116	484	340	120	708	176