Investar Holding Corporation (ISTR) 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

-84.6%

$4.37

vs $28.29 price

Levered DCF

$7.38

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.58

Distress 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	12.04×	10.66×	8.82×	6.08×	23.91×	13.02×	14.29×	17.59×
P/B	0.87×	0.89×	0.65×	1.01×	0.79×	0.74×	0.98×	1.31×
P/S	1.71×	1.38×	1.04×	1.76×	1.78×	1.69×	2.49×	3.06×
EV / EBITDA	12.71×	10.49×	8.25×	12.64×	15.5×	14.57×	15.45×	22.98×
Gross margin	61.0%	54.9%	59.8%	85.6%	67.9%	70.3%	72.3%	75.6%
Operating margin	18.1%	15.6%	14.5%	36.0%	9.2%	16.4%	21.9%	22.1%
Net margin	14.9%	12.9%	11.8%	29.0%	7.4%	13.1%	17.6%	17.4%
Current ratio	0.31×	0.02×	0.18×	0.22×	0.22×	0.17×	0.18×	0.2×
Debt / equity	0.51×	0.42×	0.38×	2.04×	0.56×	0.72×	0.76×	1.28×
Interest coverage	0.44×	0.33×	0.35×	3×	0.84×	0.86×	0.85×	1.04×
Dividend yield	1.8%	1.8%	2.6%	1.6%	1.6%	1.5%	0.9%	0.6%
Payout ratio	20.8%	19.6%	23.0%	9.9%	38.6%	19.3%	12.9%	10.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.6%	8.4%	7.4%	16.5%	3.3%	5.7%	7.0%	7.5%
Return on invested capital	-2.8%	5.4%	3.0%	5.3%	2.0%	3.3%	4.0%	3.2%
Return on assets	0.8%	0.7%	0.6%	1.3%	0.3%	0.6%	0.8%	0.8%
Free cash flow yield	6.4%	7.2%	17.2%	19.2%	15.7%	5.7%	4.5%	4.8%
Earnings yield	8.7%	9.4%	11.4%	16.4%	4.2%	7.7%	7.1%	5.7%
Enterprise value	$389M	$288.6M	$199.8M	$616.8M	$230.9M	$319.1M	$377.4M	$454.7M
Net debt / EBITDA	4.12×	2.66×	2.19×	8.19×	2.63×	6.37×	5.69×	10.89×
Cash conversion cycle (days)	34	34	37	38	38	45	30	26