Chiron Real Estate Inc. (XRN) 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

-212.6%

-$34.31

vs $30.47 price

Levered DCF

-$93.84

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

0.4

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	-38.42×	112.77×	6.08×	34.27×	36.04×	-3.11×	13.87×	2.29×
P/B	0.92×	0.17×	0.16×	0.14×	0.14×	0.15×	0.11×	0.11×
P/S	2.9×	0.67×	0.65×	0.67×	0.73×	0.69×	0.67×	0.58×
EV / EBITDA	11.57×	8.08×	6.4×	7.7×	7.7×	12.58×	8.36×	7.2×
Gross margin	6.4%	78.9%	80.1%	81.6%	86.6%	88.4%	90.8%	93.0%
Operating margin	30.7%	23.6%	26.9%	28.2%	31.9%	0.0%	70.6%	41.8%
Net margin	-3.6%	4.8%	14.6%	14.0%	15.2%	-2.1%	13.1%	25.4%
Current ratio	0×	0.03×	0.02×	0.05×	0.05×	1.11×	1.3×	0.03×
Debt / equity	1.3×	1.22×	1.07×	1.11×	0.93×	1.37×	0.92×	1.17×
Interest coverage	1.11×	1.14×	1.23×	1.53×	1.88×	0×	2.86×	1.49×
Dividend yield	12.4%	71.2%	70.7%	70.2%	68.8%	70.8%	73.9%	80.7%
Payout ratio	-996.0%	990.4%	314.6%	335.6%	331.0%	-2377.5%	379.0%	183.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-1.1%	1.2%	3.5%	3.0%	2.8%	-0.4%	2.1%	5.0%
Return on invested capital	4.0%	2.7%	3.1%	2.8%	3.0%	0.0%	5.8%	3.6%
Return on assets	-0.5%	0.5%	1.6%	1.4%	1.4%	-0.2%	1.0%	2.1%
Free cash flow yield	-1.7%	-27.2%	63.7%	-87.0%	-156.5%	-284.9%	-465.4%	-507.8%
Earnings yield	-1.2%	7.2%	22.5%	20.9%	20.8%	-3.0%	19.5%	43.9%
Enterprise value	$1.1B	$739M	$714.6M	$792.2M	$657.4M	$666.8M	$439.7M	$342.1M
Net debt / EBITDA	6.73×	7.07×	5.58×	6.81×	6.71×	11.36×	7.46×	6.56×
Cash conversion cycle (days)	17	-185	-148	-178	-224	-144	-184	-280