Clipper Realty Inc. (CLPR) 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

+10920.0%

$368.07

vs $3.34 price

Levered DCF

$175.26

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.12

Distress zone

Rating

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	-2.77×	-18.32×	-9.82×	-17.78×	-19.49×	-22.74×	-4.88×	-65.35×
P/B	-2.01×	-13.65×	25.94×	7.29×	6.02×	3.15×	3.3×	3.57×
P/S	0.4×	0.5×	0.52×	0.79×	1.3×	1.01×	1.63×	2.12×
EV / EBITDA	20.33×	18.78×	21.54×	22.9×	26.84×	20.79×	22.35×	28.72×
Gross margin	80.2%	57.0%	54.7%	52.3%	51.6%	52.6%	53.6%	54.9%
Operating margin	2.7%	27.2%	24.0%	21.3%	19.7%	26.2%	28.8%	29.5%
Net margin	-13.0%	-1.7%	-4.3%	-3.7%	-6.2%	-4.0%	-1.4%	-3.3%
Current ratio	7.48×	2.82×	2.6×	2.89×	3.99×	9.14×	5.8×	5.01×
Debt / equity	-41.6×	-234.12×	439.37×	82.42×	42.67×	27.36×	17.46×	14.02×
Interest coverage	0.08×	0.86×	0.74×	0.69×	0.59×	0.8×	0.95×	0.99×
Dividend yield	29.9%	8.3%	24.4%	16.6%	3.8%	13.9%	3.6%	2.9%
Payout ratio	-92.7%	-244.3%	-294.8%	-358.4%	-80.5%	-351.5%	-406.5%	-186.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	64.8%	46.2%	-215.0%	-33.8%	-28.6%	-12.4%	-2.9%	-5.6%
Return on invested capital	9.3%	3.2%	2.7%	2.3%	2.0%	2.7%	2.9%	3.0%
Return on assets	-1.6%	-0.2%	-0.5%	-0.4%	-0.6%	-0.4%	-0.1%	-0.3%
Free cash flow yield	36.6%	43.2%	36.8%	19.6%	-15.5%	12.9%	-10.6%	-5.4%
Earnings yield	-32.3%	-3.4%	-8.3%	-4.6%	-4.8%	-3.9%	-0.9%	-1.6%
Enterprise value	$1.3B	$1.3B	$1.3B	$1.2B	$1.3B	$1.1B	$1.1B	$1.1B
Net debt / EBITDA	19.37×	17.73×	20.32×	21.01×	23.43×	18.5×	18.67×	22.69×
Cash conversion cycle (days)	21	-86	-103	14	31	21	13	-15