Clarke Inc. (CKI.TO) 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

+33.8%

CA$32.29

vs CA$24.14 price

Levered DCF

-CA$46.41

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.24

Distress zone

Rating

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	22.03×	8.71×	59.5×	54.26×	9.21×	-5.52×	4.29×	-279.64×
P/B	1×	1.19×	0.87×	0.83×	0.73×	0.63×	0.66×	1.05×
P/S	3.53×	4.32×	2.45×	2.96×	2.52×	5.3×	1.46×	23.25×
EV / EBITDA	14.14×	16.77×	14.14×	15.76×	7.08×	-34.95×	11.29×	380.68×
Gross margin	41.9%	56.8%	42.5%	46.1%	57.8%	-34.7%	64.8%	37.7%
Operating margin	15.3%	26.3%	37.8%	19.7%	32.9%	-111.7%	28.7%	1.1%
Net margin	16.0%	49.6%	4.2%	5.4%	27.3%	-95.9%	34.1%	-8.3%
Current ratio	0.06×	0.01×	0.55×	0.75×	6.08×	7.6×	1.79×	73.31×
Debt / equity	1×	0.67×	0.55×	0.74×	0.65×	0.74×	0.54×	0.03×
Interest coverage	1.15×	2.66×	4.29×	1.82×	3.28×	-3.24×	4.07×	0.6×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.4%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.5%	13.7%	1.5%	1.5%	7.9%	-11.4%	15.4%	-0.4%
Return on invested capital	1.5%	3.4%	5.5%	2.2%	6.7%	-7.7%	8.7%	0.0%
Return on assets	2.1%	7.3%	0.9%	0.8%	4.3%	-6.2%	9.6%	-0.3%
Free cash flow yield	1.5%	1.3%	-0.6%	-8.8%	-9.5%	-7.4%	3.8%	7.0%
Earnings yield	4.5%	11.5%	1.7%	1.8%	10.8%	-18.1%	23.3%	-0.4%
Enterprise value	CA$572.5M	CA$513.8M	CA$325.2M	CA$335.7M	CA$269.5M	CA$227.6M	CA$296.9M	CA$155.3M
Net debt / EBITDA	7.03×	6.02×	5.45×	7.42×	3.1×	-18.64×	5.03×	-6.27×
Cash conversion cycle (days)	-98	-68	-77	717	-4	96	14	11,080