Amprius Technologies, Inc. (AMPX) 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

-955.7%

-$73.89

vs $8.64 price

Levered DCF

-$85.97

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

31.4

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	-22.54×	-6.22×	-12.3×	-39.65×	-84.87×	-112.31×
P/B	9.47×	4.11×	7.63×	9.19×	60.49×	717.07×
P/S	13.47×	11.8×	51.87×	152.18×	302.4×	179.15×
EV / EBITDA	-23.52×	-6.55×	-12.75×	-38.26×	-97.78×	-135.83×
Gross margin	11.3%	-75.8%	-169.9%	-123.4%	-156.2%	-43.1%
Operating margin	-63.9%	-183.7%	-440.3%	-409.2%	-383.2%	-159.2%
Net margin	-60.3%	-184.8%	-418.3%	-393.1%	-357.0%	-158.5%
Current ratio	7.08×	4×	3.75×	10.87×	3.4×	0.3×
Debt / equity	0.38×	0.54×	0.59×	0.04×	0×	0.64×
Interest coverage	0×	0×	0×	0×	-663.94×	-1,489.8×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-42.4%	-64.3%	-61.5%	-23.7%	-71.4%	-634.6%
Return on invested capital	-32.5%	-41.4%	-40.6%	-23.5%	-74.0%	-215.5%
Return on assets	-28.1%	-36.9%	-34.1%	-20.8%	-53.4%	-111.4%
Free cash flow yield	-3.6%	-12.8%	-9.5%	-2.3%	-1.0%	-0.7%
Earnings yield	-4.5%	-15.7%	-8.1%	-2.6%	-1.2%	-0.9%
Enterprise value	$932.8M	$267.8M	$445.8M	$604.3M	$826.8M	$839M
Net debt / EBITDA	1.28×	0.43×	0.29×	4.22×	1.36×	-0.12×
Cash conversion cycle (days)	119	77	12	37	42	-69