Heidmar Maritime Holdings Corp. (HMR) 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

+3266.3%

$48.47

vs $1.44 price

Levered DCF

$81.10

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.64

Distress zone

Rating

B-

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
P/E	-2.01×	177.61×	17.5×	21.25×	319.89×
P/B	4.26×	18.65×	20.7×	15.59×	87.09×
P/S	0.82×	11.74×	6.92×	11.3×	71.26×
EV / EBITDA	-3.15×	83.62×	15.99×	19.87×	183.97×
Gross margin	95.0%	59.0%	60.6%	73.1%	93.1%
Operating margin	-15.6%	14.1%	40.0%	56.3%	13.5%
Net margin	-40.4%	6.6%	39.8%	53.8%	22.3%
Current ratio	6.34×	1.54×	1.31×	1.52×	1.62×
Debt / equity	0×	0.28×	0.86×	1.02×	0.07×
Interest coverage	0×	2.14×	14.3×	22.52×	0×
Dividend yield	17.5%	0.0%	7.4%	0.0%	1.4%
Payout ratio	-35.5%	0.0%	127.8%	0.0%	446.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-210.7%	10.5%	119.2%	74.3%	27.3%
Return on invested capital	-13.0%	17.5%	62.5%	37.6%	15.2%
Return on assets	-31.7%	5.0%	41.4%	25.7%	11.1%
Free cash flow yield	21.5%	1.9%	3.5%	4.3%	1.7%
Earnings yield	-49.5%	0.6%	5.8%	4.8%	0.3%
Enterprise value	$26.9M	$324.8M	$334.9M	$336.8M	$332.2M
Net debt / EBITDA	2.18×	-3.85×	-0.23×	-0.17×	-4.19×
Cash conversion cycle (days)	-549	109	74	122	-5,296