America's Car-Mart, Inc. (CRMT) 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

-605.4%

-$4.61

vs $0.91 price

Levered DCF

$378.53

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.2

Distress zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-0.73×	19.92×	-11.66×	24.8×	5.54×	9.61×	8.52×	14.17×
P/B	0.23×	0.63×	0.78×	1.01×	1.1×	2.46×	1.44×	2.59×
P/S	0.08×	0.26×	0.26×	0.36×	0.43×	1.09×	0.59×	1.01×
EV / EBITDA	-8.28×	11.79×	36.77×	17.17×	7.55×	8.83×	8.61×	11.53×
Gross margin	48.2%	47.8%	45.1%	42.7%	45.3%	47.8%	47.8%	48.6%
Operating margin	-8.4%	6.7%	1.8%	4.6%	10.8%	15.4%	9.7%	8.9%
Net margin	-10.9%	1.3%	-2.3%	1.5%	7.8%	11.4%	6.9%	7.1%
Current ratio	7.96×	3.83×	3.7×	3.89×	6.32×	8.76×	26.62×	22.99×
Debt / equity	1.73×	1.48×	1.74×	1.41×	1.05×	0.71×	0.92×	0.59×
Interest coverage	-1.45×	1.33×	0.39×	1.68×	12.04×	20.71×	8.98×	7.58×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-0.0%	0.2%	-0.1%	0.2%	0.0%	0.0%	0.1%	0.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-31.2%	3.1%	-6.7%	4.1%	19.9%	25.8%	16.9%	18.3%
Return on invested capital	-8.6%	5.1%	1.5%	4.1%	9.9%	14.7%	8.9%	10.0%
Return on assets	-9.8%	1.1%	-2.1%	1.4%	8.2%	12.7%	7.7%	9.7%
Free cash flow yield	62.4%	-14.8%	-21.9%	-31.7%	-25.7%	-6.3%	3.5%	3.1%
Earnings yield	-137.5%	5.0%	-8.6%	4.0%	18.1%	10.5%	11.7%	7.1%
Enterprise value	$826.4M	$1.2B	$1.2B	$1.2B	$1B	$1.3B	$656.1M	$827.1M
Net debt / EBITDA	-7.27×	8.26×	25.37×	9.91×	3.66×	1.97×	2.87×	2.13×
Cash conversion cycle (days)	322	351	331	317	314	299	252	254