Avalon Holdings Corporation

AI-generated fair value estimate for this company.

Method: Asset-based valuation using reported book value per share (not an income DCF): $36.48M total stockholders' equity divided by 3.90 million shares outstanding = $9.75 book value per share, taken as a NAV proxy.

Reasoning: Avalon Holdings is a small, leveraged, diversified holding company (waste management services plus golf-course/real-estate operations) whose thin and volatile free cash flow (averaging roughly $1.5M/year against $34.3M of debt) does not support a meaningful income-based DCF, and a straightforward DCF on that cash flow would imply a negative equity value that ignores the company's substantial physical assets (waste facilities, golf courses, land); book value provides a more defensible floor-value proxy for a company whose earnings power understates its asset base.