InvenTrust Properties Corp. (IVT) 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

+924.6%

$321.87

vs $31.42 price

Levered DCF

$135.88

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-0.48

Distress zone

Rating

B-

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	19.59×	158.58×	324.87×	30.74×	-361.54×	-78.57×	17.61×	14.09×
P/B	1.22×	1.21×	1.1×	0.99×	1.23×	0.46×	0.62×	0.64×
P/S	7.32×	7.74×	6.62×	6.74×	9.14×	4×	4.99×	4.86×
EV / EBITDA	10.84×	16.82×	15.83×	13.14×	25.96×	11.39×	8.15×	11.37×
Gross margin	-14.1%	70.9%	70.0%	69.1%	69.8%	70.3%	70.8%	71.1%
Operating margin	17.2%	17.2%	13.8%	14.9%	1.3%	9.2%	12.2%	13.7%
Net margin	37.2%	5.0%	2.0%	22.1%	-2.5%	-5.1%	17.0%	34.6%
Current ratio	1.17×	1.99×	2.28×	3.04×	1.5×	6.03×	6.76×	6.37×
Debt / equity	0.46×	0.42×	0.52×	0.47×	0.34×	0.32×	0.32×	0.3×
Interest coverage	1.49×	1.27×	0.94×	1.32×	0.17×	0.97×	1.21×	1.33×
Dividend yield	3.3%	3.0%	3.4%	3.5%	2.9%	6.8%	4.7%	4.6%
Payout ratio	65.4%	459.7%	1091.1%	105.9%	-1036.6%	-532.9%	138.7%	64.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.2%	0.8%	0.3%	3.3%	-0.3%	-0.6%	2.1%	4.5%
Return on invested capital	1.9%	1.8%	1.5%	1.5%	0.1%	0.8%	1.1%	1.3%
Return on assets	4.0%	0.5%	0.2%	2.1%	-0.2%	-0.4%	1.5%	3.3%
Free cash flow yield	5.1%	4.8%	5.5%	6.4%	3.6%	9.5%	4.7%	6.4%
Earnings yield	5.1%	0.6%	0.3%	3.3%	-0.3%	-1.3%	3.4%	7.1%
Enterprise value	$3B	$2.8B	$2.4B	$2.2B	$2.4B	$1.1B	$1.4B	$1.5B
Net debt / EBITDA	2.86×	3.94×	4.68×	3.66×	5.29×	3.38×	1.8×	2.31×
Cash conversion cycle (days)	-6	-164	-160	-160	-154	-122	-116	-139