Brand Engagement Network, Inc. (BNAI) 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

-542.7%

-$16.91

vs $3.82 price

Levered DCF

-$38.11

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-3

Distress zone

Rating

C+

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
P/E	-1.18×	-0.95×	-13.18×	-440.59×	-312.08×
P/B	2.93×	12.12×	14.33×	0.97×	0.87×
P/S	36.9×	321.2×	7,201.55×	18,521.97×	34,078.99×
EV / EBITDA	-2.85×	-1.14×	-22.95×	-483.23×	-306.88×
Gross margin	-2778.2%	100.0%	100.0%	100.0%	100.0%
Operating margin	-4589.3%	-36550.7%	-33173.9%	-7826.6%	-11063.0%
Net margin	-3135.2%	-33786.4%	-33318.0%	-4321.9%	-11067.1%
Current ratio	0.15×	0.09×	0.6×	0.05×	1.22×
Debt / equity	0.7×	1.25×	0.08×	0×	0×
Interest coverage	-30.76×	-179.72×	-206.68×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-249.2%	-1274.9%	-66.3%	-0.2%	-0.3%
Return on invested capital	-191.5%	-531.1%	-61.2%	-0.4%	-0.3%
Return on assets	-56.4%	-185.8%	-53.3%	-0.2%	-0.3%
Free cash flow yield	-50.3%	-47.4%	-2.5%	-0.2%	-0.7%
Earnings yield	-85.0%	-105.2%	-4.6%	-0.2%	-0.3%
Enterprise value	$12.4M	$35.2M	$253.3M	$289.5M	$251.7M
Net debt / EBITDA	-0.51×	-0.1×	0.03×	0.35×	1.05×
Cash conversion cycle (days)	99	124	104	35	2,709