SITE Centers Corp. (SITC) 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

+80.9%

$6.65

vs $3.68 price

Levered DCF

$3.51

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-10.59

Distress zone

Rating

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	1.89×	1.56×	11.24×	18.46×	31.04×	54.7×	25.49×	-18.68×
P/B	1.01×	1.55×	1.31×	1.39×	1.62×	1.01×	1.3×	0.99×
P/S	2.73×	2.89×	6.31×	6.07×	6.18×	4.25×	5.06×	3.12×
EV / EBITDA	1.23×	1.52×	7.49×	10.95×	12.67×	13.83×	12.5×	11.87×
Gross margin	-5.7%	65.5%	68.2%	67.7%	71.3%	69.9%	72.5%	68.2%
Operating margin	-1.3%	12.0%	17.1%	21.1%	26.1%	21.4%	28.4%	14.7%
Net margin	144.4%	191.7%	58.7%	35.2%	23.4%	7.8%	19.9%	-16.7%
Current ratio	36.38×	0.88×	2.59×	0.42×	0.47×	0.69×	0.37×	6.42×
Debt / equity	0.22×	0.58×	0.75×	0.82×	0.82×	1.07×	0.94×	0.96×
Interest coverage	-0.1×	0.56×	0.94×	1.3×	1.82×	1.27×	1.7×	0.68×
Dividend yield	105.7%	16.0%	4.2%	4.1%	3.0%	5.0%	7.0%	13.8%
Payout ratio	200.0%	24.1%	45.4%	71.1%	79.7%	275.3%	179.4%	-257.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	53.1%	102.9%	12.2%	8.1%	6.1%	1.8%	5.1%	-5.3%
Return on invested capital	-0.4%	4.1%	2.0%	2.6%	3.7%	2.4%	3.7%	2.3%
Return on assets	42.5%	57.0%	6.5%	4.2%	3.1%	0.9%	2.5%	-2.6%
Free cash flow yield	5.8%	7.0%	8.4%	8.8%	8.6%	9.7%	7.0%	13.0%
Earnings yield	52.8%	66.4%	9.3%	5.8%	3.8%	1.8%	3.9%	-5.4%
Enterprise value	$291.9M	$1B	$3.9B	$4.6B	$4.9B	$4B	$4.4B	$4B
Net debt / EBITDA	-0.19×	0.36×	2.05×	4.02×	4.2×	6.99×	5.21×	5.83×
Cash conversion cycle (days)	-194	-405	-444	-453	-481	-509	-528	-309