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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
-95.3%
CA$0.04
vs CA$0.95 price
Levered DCF
CA$0.05
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
38.28
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.5×-1.66×-0.11×-0.78×-2.34×-1.91×-2.41×-11.43×
P/B7.26×618.86×3,380.34×3,702.89×3,598.82×4,858.41×4,937.59×2,297.35×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-3.42×-204.28×-116.46×-778.93×-2,247.23×-1,725.18×-2,148.37×-14,964.23×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio2.21×2.37×0.34×0.53×5.08×2.22×2.48×5.88×
Debt / equity0.35×0.04×1.98×0.11×0.03×0.12×0.15×0×
Interest coverage0×0×-120.46×-342×-619.49×-380.51×-261.52×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-201.2%-308.6%-2954.9%-472.8%-154.2%-255.5%-205.2%-20.0%
Return on invested capital-142.2%-287.5%-712.7%-399.7%-160.0%-226.3%-177.3%-19.9%
Return on assets-132.0%-218.7%-314.0%-347.4%-135.6%-196.4%-166.0%-18.8%
Free cash flow yield-24.8%-0.4%-0.5%-0.1%-0.0%-0.1%-0.0%-0.0%
Earnings yield-27.7%-0.5%-0.9%-0.1%-0.0%-0.1%-0.0%-0.0%
Enterprise valueCA$51.2MCA$1.7BCA$866.6MCA$10.8BCA$23.7BCA$10.4BCA$8.7BCA$4B
Net debt / EBITDA0.39×0.23×-0×-0.02×0.3×0.1×0.01×1.55×
Cash conversion cycle (days)-3,057-1,727-1,057-544-887-467-518-45,504