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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
-117.5%
-CA$0.06
vs CA$0.32 price
Levered DCF
-CA$0.08
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
8.01
Safe zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021
P/E-2.14×-1.2×-17.56×-21.12×-121.88×
P/B10.48×-2.19×-210.88×112.51×17.35×
P/S196×98.58×102.1×41.01×310.28×
EV / EBITDA-4.07×-1.18×-17.79×-27.77×-118.67×
Gross margin-139.1%56.6%-11.5%7.1%-98.2%
Operating margin-4529.9%-7545.5%-575.4%-154.8%-432.0%
Net margin-9104.3%-8450.2%-581.4%-194.1%-252.9%
Current ratio3.32×0.25×0.53×1.66×10.97×
Debt / equity0×-0.03×0×0×0×
Interest coverage0×0×0×-1.91×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021
Return on equity-486.9%187.3%1200.7%-532.6%-14.1%
Return on invested capital-242.3%172.9%1188.4%-411.1%-24.2%
Return on assets-340.1%-565.6%-866.0%-181.8%-12.9%
Free cash flow yield-23.9%-36.5%-3.4%-3.0%-2.8%
Earnings yield-46.4%-85.7%-5.7%-4.7%-0.8%
Enterprise valueCA$8.8MCA$1.1MCA$29.1MCA$23.7MCA$20.4M
Net debt / EBITDA0.44×0.13×0.03×0.09×4.69×
Cash conversion cycle (days)-330-33,222-13960387