QCR Holdings, Inc. (QCRH) 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

-29.6%

$72.78

vs $103.44 price

Levered DCF

$241.68

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.35

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	11.05×	11.91×	8.6×	8.36×	8.89×	10.31×	12.02×	10.99×
P/B	1.25×	1.36×	1.1×	1.07×	1.3×	1.04×	1.29×	1×
P/S	2.34×	2.31×	1.82×	2.26×	2.99×	2.01×	2.48×	2.15×
EV / EBITDA	13.07×	12.63×	10.79×	12.31×	7.28×	7.99×	9.37×	11.33×
Gross margin	57.7%	54.5%	61.0%	80.9%	91.4%	71.6%	75.7%	75.9%
Operating margin	22.8%	20.9%	23.7%	31.1%	41.3%	23.9%	25.9%	23.7%
Net margin	21.3%	19.4%	21.2%	27.1%	33.7%	19.8%	20.6%	19.6%
Current ratio	28.87×	0.08×	0.08×	0.08×	0.1×	0.12×	0.13×	0.15×
Debt / equity	0.56×	0.57×	0.81×	1.07×	0.25×	0.3×	0.52×	0.86×
Interest coverage	0.58×	0.49×	0.66×	1.85×	5.54×	2.33×	1.19×	1.29×
Dividend yield	0.3%	0.3%	0.4%	0.5%	0.4%	0.6%	0.5%	0.7%
Payout ratio	3.2%	3.5%	3.5%	4.0%	3.8%	6.2%	6.6%	7.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.4%	11.4%	12.8%	12.8%	14.6%	10.2%	10.7%	9.1%
Return on invested capital	57.0%	5.8%	5.6%	5.0%	8.4%	5.5%	5.8%	4.4%
Return on assets	1.3%	1.3%	1.3%	1.2%	1.6%	1.1%	1.2%	0.9%
Free cash flow yield	25.4%	29.5%	37.0%	10.3%	8.4%	17.5%	9.3%	11.1%
Earnings yield	9.1%	8.4%	11.6%	12.0%	11.2%	9.8%	8.3%	9.1%
Enterprise value	$1.9B	$1.7B	$1.5B	$1.5B	$937.7M	$645.7M	$744.7M	$660.2M
Net debt / EBITDA	3.65×	2.49×	3.72×	5.63×	0.45×	0.36×	0.69×	3.2×
Cash conversion cycle (days)	20	10	21	31	54	76	115	196