Armlogi Holding Corp. common stock (BTOC) 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

-1088.0%

-$27.57

vs $2.79 price

Levered DCF

-$59.22

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.58

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	-0.64×	-4.38×	26×	14×	97.06×	481.25×
P/B	1.67×	2.7×	5.06×	7.59×	18.18×	25.86×
P/S	0.07×	0.36×	1.19×	1.42×	3.43×	21.52×
EV / EBITDA	-6.83×	-14.58×	24.61×	11.42×	65.18×	252.02×
Gross margin	0.2%	-1.6%	10.8%	18.9%	11.1%	18.1%
Operating margin	-11.6%	-9.3%	4.9%	13.3%	4.0%	5.7%
Net margin	-11.2%	-8.1%	4.5%	10.3%	3.5%	4.5%
Current ratio	0.44×	0.82×	1.15×	1.23×	0.79×	4.55×
Debt / equity	13.95×	5.35×	3×	1.99×	4.78×	0.03×
Interest coverage	-33.15×	-24.74×	55.02×	296.83×	60.62×	41.16×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-260.4%	-61.2%	19.0%	55.0%	18.7%	5.4%
Return on invested capital	-18.0%	-10.1%	3.7%	14.5%	2.6%	2.2%
Return on assets	-16.0%	-9.0%	4.5%	15.7%	3.2%	4.5%
Free cash flow yield	-52.0%	-2.1%	-1.1%	5.2%	-1.8%	-2.3%
Earnings yield	-155.7%	-22.7%	3.7%	7.2%	1.0%	0.2%
Enterprise value	$123M	$192.8M	$308.4M	$236M	$240.5M	$192.3M
Net debt / EBITDA	-6.09×	-9.46×	8.76×	2.12×	13.09×	-2.33×
Cash conversion cycle (days)	11	33	45	29	34	107