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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
-98.0%
CA$0.01
vs CA$0.46 price
Levered DCF
CA$0.01
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
50.84
Safe zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-15.06×-14.74×-14.42×-17.65×-18.31×-15.53×-5.86×-30.97×
P/B48.76×27.07×10.13×5.61×7.13×13.94×4.72×8.39×
P/S0×0×0×0×0×21.84×0×0×
EV / EBITDA-14.67×-15.15×-13.85×-15.58×-17.06×-14.65×-4.7×-28.7×
Gross margin0.0%0.0%0.0%0.0%0.0%-0.4%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%-138.5%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%-140.6%0.0%0.0%
Current ratio4.58×6.2×18.55×29.39×70.53×125.28×92.93×49.1×
Debt / equity0.09×0.06×0.03×0.02×0×0×0×0×
Interest coverage-436.23×-325.77×-131.97×-54.83×0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-323.4%-183.7%-70.2%-31.9%-39.0%-89.7%-80.6%-27.1%
Return on invested capital-309.0%-163.0%-64.3%-29.4%-36.1%-88.4%-36.8%-26.7%
Return on assets-260.3%-156.3%-66.5%-30.8%-38.4%-89.0%-79.8%-26.7%
Free cash flow yield-2.0%-2.7%-4.7%-5.3%-3.5%-1.2%-4.6%-1.6%
Earnings yield-6.6%-6.8%-6.9%-5.7%-5.5%-6.4%-17.1%-3.2%
Enterprise valueCA$85.5MCA$66.9MCA$41MCA$31.3MCA$53.1MCA$133.5MCA$32.4MCA$110.1M
Net debt / EBITDA0.24×0.49×1.37×3.15×2.71×1.11×1.22×2.68×
Cash conversion cycle (days)-573-626-223-302-1,510-4-1,572-3,830