Vivmark Residential (VMRK) 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

+49.9%

$93.55

vs $62.41 price

Levered DCF

$46.32

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.83

Grey 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	21.23×	26.29×	27.8×	28.64×	25.42×	25.12×	31×	36.88×
P/B	2.16×	2.46×	2.09×	1.99×	3.09×	2.09×	2.91×	2.39×
P/S	7.71×	9.12×	8.06×	8.12×	13.73×	8.57×	11.1×	9.43×
EV / EBITDA	13.9×	19.34×	17.32×	17.51×	28.78×	18.76×	22.44×	20.21×
Gross margin	46.3%	63.3%	63.6%	64.1%	61.5%	64.4%	66.4%	65.9%
Operating margin	36.3%	61.2%	61.5%	61.9%	68.0%	51.2%	50.2%	43.2%
Net margin	36.1%	34.8%	29.1%	28.4%	54.1%	35.5%	35.9%	25.5%
Current ratio	0.05×	0.16×	0.17×	0.26×	0.5×	0.12×	0.08×	0.13×
Debt / equity	0.8×	0.76×	0.69×	0.69×	0.79×	0.8×	0.91×	0.87×
Interest coverage	4.75×	6.38×	0×	0×	0×	0×	0×	0×
Dividend yield	4.4%	3.8%	4.3%	4.2%	2.7%	4.0%	2.8%	3.2%
Payout ratio	93.5%	98.6%	118.9%	120.2%	67.8%	97.1%	86.0%	119.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.1%	9.4%	7.5%	7.0%	12.2%	8.7%	9.4%	6.5%
Return on invested capital	219.3%	8.9%	9.0%	8.5%	8.1%	6.6%	6.5%	5.6%
Return on assets	5.4%	5.0%	4.2%	3.8%	6.3%	4.5%	4.6%	3.2%
Free cash flow yield	5.4%	4.6%	5.2%	5.5%	3.2%	5.0%	4.2%	4.8%
Earnings yield	4.7%	3.8%	3.6%	3.5%	3.9%	4.1%	3.2%	2.7%
Enterprise value	$32.6B	$35.5B	$30.8B	$29.9B	$42.4B	$30.4B	$39.3B	$33.1B
Net debt / EBITDA	3.72×	4.55×	4.3×	4.5×	5.8×	5.15×	5.32×	5.36×
Cash conversion cycle (days)	2	-33	-30	-36	-41	-43	-38	-43