AMCON Distributing Company (DIT) 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

+1939.9%

$1,274.95

vs $62.50 price

Levered DCF

$311.65

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

9.7

Safe zone

Rating

Overall 3 / 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	82.43×	13.35×	6.92×	4.77×	3.52×	4.36×	9.48×	10.36×
P/B	0.41×	0.52×	0.77×	0.86×	0.7×	0.37×	0.5×	0.58×
P/S	0.02×	0.02×	0.03×	0.04×	0.03×	0.02×	0.02×	0.03×
EV / EBITDA	19.3×	8.26×	7.69×	7.29×	5.76×	8.53×	10.42×	7.6×
Gross margin	6.7%	6.7%	6.7%	6.4%	6.0%	7.8%	6.0%	5.8%
Operating margin	0.4%	0.7%	1.0%	1.1%	1.1%	0.8%	0.7%	0.4%
Net margin	0.0%	0.2%	0.5%	0.8%	0.9%	0.5%	0.2%	0.3%
Current ratio	2.14×	2.46×	3.21×	2.93×	2.9×	3.25×	4.27×	3.37×
Debt / equity	1.54×	1.51×	1.7×	1.3×	0.87×	1.31×	1.05×	0.62×
Interest coverage	1.2×	1.73×	3.04×	10.05×	13.31×	5.36×	5.81×	4.96×
Dividend yield	1.4%	1.1%	4.4%	4.3%	6.1%	2.5%	2.1%	1.9%
Payout ratio	113.5%	14.5%	30.5%	20.6%	21.6%	10.7%	19.9%	19.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.5%	3.9%	11.1%	18.0%	20.0%	8.6%	5.3%	5.6%
Return on invested capital	1.6%	3.6%	5.9%	7.2%	9.4%	4.3%	4.9%	4.2%
Return on assets	0.1%	1.2%	3.2%	5.8%	8.3%	2.9%	2.0%	2.6%
Free cash flow yield	20.7%	82.0%	10.2%	10.3%	35.5%	49.0%	-52.3%	7.1%
Earnings yield	1.2%	7.5%	14.5%	21.0%	28.4%	22.9%	10.5%	9.7%
Enterprise value	$220M	$226.1M	$257M	$199.5M	$121.6M	$108.2M	$94.1M	$77.1M
Net debt / EBITDA	15.2×	6.14×	5.29×	4.39×	3.17×	6.63×	7.06×	3.91×
Cash conversion cycle (days)	21	23	28	30	24	38	30	26