Arrow Exploration Corp. (AXL.V) 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

+383.7%

CA$3.39

vs CA$0.70 price

Levered DCF

-CA$28.50

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.21

Safe zone

Rating

Overall 4 / 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	37.11×	6.32×	-53.27×	133.71×	1.58×	-0.2×	-1.86×	-28.18×
P/B	1.02×	1.7×	1.43×	2.31×	0.37×	0.51×	0.25×	0.37×
P/S	0.77×	1.11×	1.17×	2.12×	1.25×	1.16×	0.39×	2.76×
EV / EBITDA	1.26×	1.53×	3.1×	3.37×	0.22×	-0.22×	4.4×	12.47×
Gross margin	36.0%	68.9%	64.2%	69.1%	68.2%	58.5%	60.2%	59.3%
Operating margin	18.8%	36.3%	27.1%	23.5%	-41.5%	-88.6%	-15.0%	-22.4%
Net margin	2.0%	16.2%	-2.2%	1.2%	79.5%	-576.1%	-21.2%	-9.8%
Current ratio	1.06×	1.81×	1.67×	0.93×	2.67×	0.89×	0.73×	0.5×
Debt / equity	0×	0×	0.01×	0.08×	0.14×	0.46×	0.13×	0.1×
Interest coverage	462.01×	930.73×	97.2×	14.36×	-3.72×	-20.81×	-4.36×	-6.03×
Dividend yield	0.0%	0.0%	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%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.7%	24.9%	-2.7%	1.3%	23.8%	-252.0%	-13.2%	-1.3%
Return on invested capital	4.6%	19.9%	-10.1%	0.7%	-7.8%	-21.9%	-6.4%	-2.4%
Return on assets	1.4%	16.2%	-1.8%	0.7%	13.8%	-96.1%	-8.2%	-0.9%
Free cash flow yield	-5.7%	9.3%	-17.8%	7.3%	-69.3%	-49.3%	-44.5%	-22.1%
Earnings yield	2.7%	14.6%	-1.9%	0.6%	63.5%	-498.4%	-53.9%	-3.5%
Enterprise value	CA$43.9M	CA$71.8M	CA$47.6M	CA$48.7M	CA$1.5M	CA$868.9K	CA$16M	CA$21.8M
Net debt / EBITDA	-0.32×	-0.4×	-0.77×	-0.77×	-1.1×	1.43×	1.35×	1.72×
Cash conversion cycle (days)	-136	-91	-170	-172	-392	-374	-71	285