Maui Land & Pineapple Company, Inc. (MLP) 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

-195.1%

-$13.76

vs $14.47 price

Levered DCF

$0.39

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

7.2

Safe zone

Rating

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	FY2020	FY2019	FY2018
P/E	-31.37×	-57.84×	-99.31×	104.67×	-58.59×	-96.08×	-30.41×	545.05×
P/B	10.24×	12.98×	8.97×	5.41×	8.19×	11.08×	9.52×	6.13×
P/S	17.4×	37.25×	33.53×	8.72×	15.53×	29.49×	21.51×	17.16×
EV / EBITDA	-38×	-72.76×	-203.02×	44.19×	-104.59×	-121.45×	-684.72×	-64.69×
Gross margin	29.0%	34.4%	29.5%	70.6%	55.0%	34.7%	45.8%	37.3%
Operating margin	-23.4%	-63.6%	-53.5%	45.8%	13.2%	-33.8%	-7.9%	-40.7%
Net margin	-54.4%	-63.9%	-33.2%	8.5%	-27.5%	-34.5%	-103.2%	3.1%
Current ratio	1.24×	1.35×	4.03×	6.6×	4.25×	3.31×	3.24×	0.91×
Debt / equity	0.14×	0.1×	0×	0×	0×	0.01×	0.05×	0.04×
Interest coverage	-8.22×	-9.24×	-6.3×	1,601.17×	13.42×	-19.04×	-4.02×	-28.82×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-32.0%	-22.3%	-8.9%	5.3%	-14.5%	-13.0%	-45.7%	1.1%
Return on invested capital	-11.1%	-17.5%	-12.5%	24.0%	4.6%	-7.1%	-2.2%	0.8%
Return on assets	-22.1%	-14.7%	-7.3%	4.2%	-9.0%	-6.8%	-26.5%	0.7%
Free cash flow yield	-0.1%	-0.3%	-0.6%	3.4%	0.7%	1.0%	0.5%	0.3%
Earnings yield	-3.1%	-1.7%	-1.0%	1.0%	-1.8%	-1.2%	-4.8%	0.2%
Enterprise value	$337.9M	$427.2M	$305.7M	$174.2M	$187.6M	$221.7M	$216.4M	$190M
Net debt / EBITDA	0.07×	0.61×	3.78×	-2.16×	3.12×	0.37×	-1.11×	-0.21×
Cash conversion cycle (days)	-48	47	-19	-19	-5	-1	-48	-63