Medalist Diversified REIT, Inc. (MDRR) 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

+117.1%

$23.84

vs $10.98 price

Levered DCF

-$23.80

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.16

Distress zone

Rating

A+

Overall 4 / 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	-6.47×	545.08×	-2.55×	-2.51×	-3.6×	-1.26×	-4.23×	-6.24×
P/B	1.64×	1×	0.95×	0.69×	0.73×	0.95×	0.7×	1.14×
P/S	1.49×	1.54×	1.13×	1.08×	1.37×	1.11×	1.54×	2.6×
EV / EBITDA	11.74×	8.11×	17.28×	21.01×	16.59×	-44.32×	49.71×	47.95×
Gross margin	73.3%	75.8%	74.7%	64.5%	56.7%	48.7%	47.5%	45.6%
Operating margin	9.6%	38.3%	-9.7%	-12.7%	7.1%	-61.9%	-15.1%	-16.2%
Net margin	-23.0%	0.3%	-44.5%	-43.0%	-38.0%	-88.2%	-36.4%	-41.6%
Current ratio	1.7×	6.34×	1.28×	5.92×	14.2×	4.58×	0.61×	2.84×
Debt / equity	3.48×	3.33×	4.2×	3.56×	3.09×	6.01×	3.27×	2.21×
Interest coverage	0.38×	1.24×	-0.28×	-0.4×	0.15×	-1.45×	-0.5×	-0.56×
Dividend yield	3.9%	5.2%	3.0%	9.9%	4.1%	5.5%	19.1%	7.1%
Payout ratio	-25.2%	2859.4%	-7.8%	-24.9%	-14.7%	-6.9%	-80.8%	-44.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-25.3%	0.2%	-37.1%	-27.6%	-20.3%	-75.3%	-16.6%	-18.2%
Return on invested capital	1.7%	5.0%	-1.4%	-1.6%	0.9%	-7.4%	-1.5%	-2.0%
Return on assets	-3.1%	0.0%	-5.5%	-5.4%	-4.7%	-10.3%	-3.6%	-5.2%
Free cash flow yield	0.5%	6.0%	-11.8%	1.5%	1.9%	-20.4%	-10.4%	-8.4%
Earnings yield	-15.4%	0.2%	-39.2%	-39.8%	-27.8%	-79.7%	-23.7%	-16.0%
Enterprise value	$45.7M	$60.2M	$61.2M	$69.4M	$77.7M	$72.6M	$71.7M	$49M
Net debt / EBITDA	7.76×	6.09×	13.99×	17.38×	13.23×	-38.05×	40.87×	31.21×
Cash conversion cycle (days)	58	54	50	47	-30	-50	-105	-64