MDB Capital Holdings, LLC Class A common (MDBH) 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

-17.1%

$1.03

vs $1.24 price

Levered DCF

-$11.56

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.25

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
P/E	-1.53×	2.39×	-13.41×	-19.84×	-7.02×	-146.54×
P/B	0.54×	0.4×	2.5×	4.67×	16.95×	4.29×
P/S	7.61×	12.55×	22.07×	94.87×	0×	0×
EV / EBITDA	-1.18×	0.66×	-9.19×	-17.13×	-17.67×	-22.23×
Gross margin	-249.6%	-803.2%	-103.8%	-153.2%	0.0%	0.0%
Operating margin	-408.5%	-1289.4%	-200.9%	-547.3%	0.0%	0.0%
Net margin	-496.1%	526.5%	-164.6%	-476.6%	0.0%	0.0%
Current ratio	7.1×	19.8×	2.78×	5.2×	0×	0×
Debt / equity	0.01×	0.01×	0.06×	0.06×	0.12×	0.01×
Interest coverage	0×	-399.73×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	2.6%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	-51.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-35.0%	16.7%	-18.7%	-23.5%	-242.0%	-2.9%
Return on invested capital	-28.6%	-40.4%	-21.4%	-24.9%	-2209.9%	-490.6%
Return on assets	-33.3%	16.2%	-16.2%	-20.7%	-183.0%	-2.6%
Free cash flow yield	-17.6%	-30.5%	-8.1%	-6.4%	-5.9%	8.9%
Earnings yield	-65.2%	41.9%	-7.5%	-5.0%	-14.3%	-0.7%
Enterprise value	$20M	$8.1M	$89.7M	$102.2M	$100.3M	$93.5M
Net debt / EBITDA	0.74×	-1.6×	0.38×	0.59×	0.97×	2.91×
Cash conversion cycle (days)	-48	-9	52	175	0	0