Winchester Bancorp, Inc. Common Stock (WSBK) 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

-138.7%

-$5.20

vs $13.44 price

Levered DCF

-$10.13

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.63

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023
P/E	26.82×	-99.44×	111.78×	21.14×
P/B	0.98×	0.72×	1.09×	1.14×
P/S	2.28×	1.86×	2.42×	3.41×
EV / EBITDA	37.76×	-255.52×	115.16×	20.34×
Gross margin	49.3%	38.8%	42.2%	67.0%
Operating margin	11.1%	-3.4%	2.1%	21.8%
Net margin	8.6%	-2.0%	2.2%	16.1%
Current ratio	0.01×	0.09×	0.12×	0.14×
Debt / equity	1.31×	1.27×	1.61×	1.19×
Interest coverage	0.23×	-0.06×	0.04×	0.79×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023
Return on equity	3.7%	-0.8%	1.0%	5.4%
Return on invested capital	1.6%	0.1%	0.3%	2.4%
Return on assets	0.4%	-0.1%	0.1%	0.6%
Free cash flow yield	0.0%	2.6%	-1.2%	5.4%
Earnings yield	3.8%	-1.1%	0.9%	4.7%
Enterprise value	$216M	$174.5M	$173.2M	$127.4M
Net debt / EBITDA	17.15×	-134.34×	56.75×	6.31×
Cash conversion cycle (days)	29	27	32	32