Gyrodyne, LLC

GYRO

Real EstateReal Estate - ServicesNASDAQ

$7.48

Market Cap: $16.45M

Gyrodyne, LLC (GYRO) Valuation Summary

Updated Apr 28, 2026 22:23

Model	Range	Fair Value	Upside
▸ Discounted Cash Flow
Revenue DCF 5Y	$0.08 – $4.19	$0.60	-92.1%
Revenue DCF 10Y	—	N/A	—
▸ Trading Multiples
EV/Revenue	$0.87 – $6.17	$4.18	-45.1%

Valuation History

DCF Analysis

Gyrodyne, LLC (GYRO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.60

Market Price

$7.48

Upside / Downside

-92.0%

Verdict

Overvalued

Using a Revenue DCF model with operating margin convergence from -126.7% to a target of 28.5% over 5 years, discounted at a WACC of 7.5%, Gyrodyne, LLC (GYRO) has an intrinsic value of $0.60 per share (range: $0.08 – $4.19).

Key Assumptions

Current Operating Margin

-126.7%

Target Operating Margin

28.5%

WACC

7.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

8.0%

Target CapEx/Rev

7.5%

D&A/Revenue

5.0%

Tax Rate

21.0%

Operating margin fades linearly from the current level to the industry target over the 5-year projection. CapEx intensity fades from the historical average to a maintenance level (D&A × 1.5). Tax is only applied when operating income is positive (NOL shield).

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	CapEx	ΔNWC	FCFF	PV(FCFF)
2016	2	-10.0%	-95.7%	-2	-2	(0)	0	-2	-2
2017	1	-10.0%	-64.7%	-1	-1	(0)	-0	-1	-1
2018	1	-10.0%	-33.6%	-0	-0	(0)	-0	-0	-0
2019	1	-10.0%	-2.6%	-0	-0	(0)	-0	-0	-0
2020	1	-8.0%	28.5%	0	0	(0)	-0	0	0

Enterprise Value Bridge

Sum of PV(FCFF)-3

Terminal Value (Gordon Growth at 3.0%)5

PV of Terminal Value4

Enterprise Value1

(–) Net Debt0

Equity Value1

(÷) Shares Outstanding1

Fair Value per Share$0.60

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	22.5%	25.5%	28.5%	31.5%	34.5%
5.5%	$2	$2	$3	$4	$4
6.6%	$1	$1	$1	$2	$2
7.5%	$-0	$0	$1	$1	$1
8.6%	$-0	$-0	$0	$0	$1
9.6%	$-1	$-1	$-0	$-0	$0

Current price: $7.48. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.18

Market Price

$7.48

Upside / Downside

-44.1%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Gyrodyne, LLC (GYRO) has a fair value of $4.18 based on 6 comparable companies in the Real Estate - Services industry.

EV/Revenue Valuation — Real Estate - Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Gyrodyne, LLCGYRO	11	6.1x	—
American Strategic Investment Co.NYC	22	8.6x	6.0x
Ashford Hospitality Trust, Inc.AHT	19	2.6x	2.3x
Lead Real Estate Co., Ltd American Depositary SharesLRE	17	0.7x	0.0x
Medalist Diversified REIT, Inc.MDRR	13	4.2x	—
reAlpha Tech Corp. Common StockAIRE	8	0.2x	0.2x
Avalon GloboCare Corp.ALBT	2	5.0x	—
Industry Median		3.4x	1.3x
(*) Revenue		2
= Enterprise Value		6
(-) Net Debt		0
Equity Value		6
(/) Outstanding shares		1
Fair Price		$4

Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.

Model

Range

Fair Value

Upside

▸ Discounted Cash Flow

Revenue DCF 5Y

$0.08 – $4.19

$0.60

-92.1%

Revenue DCF 10Y

—

N/A

—

▸ Trading Multiples

EV/Revenue

$0.87 – $6.17

$4.18

-45.1%

DCF Analysis

Gyrodyne, LLC (GYRO) Revenue DCF (5Y)

REVENUE DCF FAIR VALUE

$0.60

Market Price

$7.48

Upside / Downside

-92.0%

Verdict

Overvalued

Key Assumptions

Current Operating Margin

-126.7%

Target Operating Margin

28.5%

WACC

7.5%

Terminal Growth Rate

3.0%

Historical CapEx/Rev

8.0%

Target CapEx/Rev

7.5%

D&A/Revenue

5.0%

Tax Rate

21.0%

Margin Convergence Projection

USD in millions. Mid-year discounting convention.

Year	Revenue	Growth	Op Margin	Op Income	NOPAT	CapEx	ΔNWC	FCFF	PV(FCFF)
2016	2	-10.0%	-95.7%	-2	-2	(0)	0	-2	-2
2017	1	-10.0%	-64.7%	-1	-1	(0)	-0	-1	-1
2018	1	-10.0%	-33.6%	-0	-0	(0)	-0	-0	-0
2019	1	-10.0%	-2.6%	-0	-0	(0)	-0	-0	-0
2020	1	-8.0%	28.5%	0	0	(0)	-0	0	0

Enterprise Value Bridge

Sum of PV(FCFF)-3

Terminal Value (Gordon Growth at 3.0%)5

PV of Terminal Value4

Enterprise Value1

(–) Net Debt0

Equity Value1

(÷) Shares Outstanding1

Fair Value per Share$0.60

Sensitivity Analysis — WACC × Target Operating Margin

WACC \ Target Op. Margin	22.5%	25.5%	28.5%	31.5%	34.5%
5.5%	$2	$2	$3	$4	$4
6.6%	$1	$1	$1	$2	$2
7.5%	$-0	$0	$1	$1	$1
8.6%	$-0	$-0	$0	$0	$1
9.6%	$-1	$-1	$-0	$-0	$0

Current price: $7.48. Green = undervalued, Red = overvalued.

Working Capital Assumption

Net Working Capital is modeled at 10.0% of revenue (historical average of receivables + inventory − payables). Changes in NWC (ΔNWC) are computed year-over-year and subtracted from free cash flow.

Trading Multiples

Fair Value

$4.18

Market Price

$7.48

Upside / Downside

-44.1%

Verdict

Overvalued

Using the industry peer median EV/Revenue multiple (trailing + forward), Gyrodyne, LLC (GYRO) has a fair value of $4.18 based on 6 comparable companies in the Real Estate - Services industry.

EV/Revenue Valuation — Real Estate - Services

USD in millions except Fair Price. Subject company highlighted.

	Mkt Cap ($M)	Trailing EV/Revenue	Forward EV/Revenue
Gyrodyne, LLCGYRO	11	6.1x	—
American Strategic Investment Co.NYC	22	8.6x	6.0x
Ashford Hospitality Trust, Inc.AHT	19	2.6x	2.3x
Lead Real Estate Co., Ltd American Depositary SharesLRE	17	0.7x	0.0x
Medalist Diversified REIT, Inc.MDRR	13	4.2x	—
reAlpha Tech Corp. Common StockAIRE	8	0.2x	0.2x
Avalon GloboCare Corp.ALBT	2	5.0x	—
Industry Median		3.4x	1.3x
(*) Revenue		2
= Enterprise Value		6
(-) Net Debt		0
Equity Value		6
(/) Outstanding shares		1
Fair Price		$4