CKX Lands, Inc. (CKX) 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

-18.2%

$8.76

vs $10.70 price

Levered DCF

$12.81

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

53.7

Safe 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	FY2019	FY2018
P/E	6.22×	105×	185.14×	-14.85×	26.67×	55.97×	71.68×	18.09×
P/B	0.87×	1.37×	1.4×	1.12×	1.31×	1.17×	1.17×	1.32×
P/S	22.32×	16.72×	17.22×	17.63×	29.22×	27.51×	22.31×	16.76×
EV / EBITDA	0.18×	617.88×	-776.96×	-6.65×	357.18×	433.08×	131.04×	37.11×
Gross margin	91.9%	95.4%	95.7%	91.7%	92.6%	93.7%	89.9%	88.7%
Operating margin	9.9%	7.7%	8.2%	-166.7%	142.8%	56.4%	23.6%	114.5%
Net margin	359.0%	16.4%	9.6%	-119.2%	110.0%	50.5%	30.8%	93.3%
Current ratio	24.73×	36.26×	18.95×	31.1×	30.62×	20.67×	29.11×	25.97×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	20.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.0%	1.3%	0.8%	-7.6%	4.9%	2.1%	1.6%	7.3%
Return on invested capital	0.3%	0.5%	0.3%	-7.7%	4.8%	1.8%	1.0%	6.8%
Return on assets	13.5%	1.3%	0.8%	-7.4%	4.8%	2.1%	1.6%	7.1%
Free cash flow yield	2.5%	0.8%	3.3%	2.0%	-1.3%	0.7%	0.9%	0.9%
Earnings yield	16.1%	1.0%	0.6%	-6.8%	3.8%	1.8%	1.4%	5.6%
Enterprise value	$707.3K	$22M	$18M	$12.3M	$14.3M	$12M	$14.8M	$18.2M
Net debt / EBITDA	-4.53×	-96.07×	324.98×	3.85×	-184.49×	-232.88×	-29.01×	-3.72×
Cash conversion cycle (days)	-455	-256	-890	-109	-707	-904	-232	-878