Azimut Exploration Inc. (AZM.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

-92.5%

CA$0.03

vs CA$0.44 price

Levered DCF

-CA$0.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.8

Safe zone

Rating

A-

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	-27.64×	1,020×	-48.26×	45.18×	-293.59×	-359.18×	-20.54×	-675×
P/B	1.21×	0.87×	2.03×	1.55×	3.65×	7.46×	3.21×	2.19×
P/S	188.37×	97.98×	633.69×	678.79×	514.11×	602.14×	49.59×	74.44×
EV / EBITDA	-19.5×	-35.83×	-49.06×	-34.75×	-90.1×	-55.05×	-16.38×	-22.13×
Gross margin	72.2%	69.4%	43.0%	42.3%	80.8%	66.5%	97.8%	97.5%
Operating margin	-543.2%	-491.7%	-1097.8%	-1768.5%	-405.9%	-1074.0%	-32.3%	-304.2%
Net margin	-682.5%	9.6%	-1312.0%	1505.1%	-175.1%	-168.4%	-241.0%	-11.0%
Current ratio	3.11×	2.99×	3.23×	3.67×	4.85×	1.88×	1.14×	1.8×
Debt / equity	0.01×	0×	0×	0×	0×	0.03×	0×	0×
Interest coverage	-100.73×	-125.48×	-104.1×	-79.62×	-52.08×	-205.86×	-116.36×	-467.23×
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	-4.4%	0.1%	-4.2%	3.4%	-1.2%	-2.1%	-15.6%	-0.3%
Return on invested capital	-2.4%	0.2%	-3.4%	3.5%	-1.0%	-2.0%	-1.9%	-0.3%
Return on assets	-3.8%	0.1%	-3.9%	3.0%	-1.1%	-1.7%	-10.2%	-0.2%
Free cash flow yield	-11.3%	-26.4%	-19.9%	-20.6%	-8.3%	-8.2%	-30.0%	-45.8%
Earnings yield	-3.6%	0.1%	-2.1%	2.2%	-0.3%	-0.3%	-4.9%	-0.1%
Enterprise value	CA$64.2M	CA$31.7M	CA$85.2M	CA$59M	CA$134.2M	CA$102.9M	CA$16.7M	CA$10.4M
Net debt / EBITDA	1.28×	13.22×	1.85×	8.23×	18.48×	2.92×	2.92×	5.32×
Cash conversion cycle (days)	4,084	-7,475	-1,149	-14,213	-10,055	-8,300	-84,293	-63,735