Clene Inc. (CLNN) 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

-148.3%

-$1.74

vs $3.61 price

Levered DCF

-$1.81

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-23.05

Distress zone

Rating

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	FY2020	FY2019	FY2018
P/E	-2.22×	-0.94×	-0.63×	-4.26×	-25.95×	-32.7×	-44.69×	-2,227.22×
P/B	-3.29×	-4.17×	2.32×	20.14×	20.04×	1,849.98×	148.89×	123.56×
P/S	289.36×	107.97×	47.58×	137.85×	349.09×	3,062.35×	0×	0×
EV / EBITDA	-3.38×	-1.35×	-0.8×	-3.07×	-27.11×	-33.96×	-47.42×	-73.07×
Gross margin	78.5%	79.5%	81.5%	94.5%	60.0%	68.4%	0.0%	0.0%
Operating margin	-11541.5%	-9676.3%	-6198.8%	-10234.5%	-6912.6%	-9812.6%	0.0%	0.0%
Net margin	-13086.5%	-11520.5%	-7569.4%	-6325.2%	-1347.2%	-9357.8%	0.0%	0.0%
Current ratio	0.83×	1.57×	1.53×	2.11×	9.06×	5.4×	2.2×	3.56×
Debt / equity	-1.23×	-2.35×	2.4×	9.83×	1.91×	12.68×	0.59×	0.64×
Interest coverage	-8.61×	-8.14×	-8.89×	-14.69×	-57.45×	-21.28×	-185.59×	0×
Dividend yield	0.0%	0.0%	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%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	148.8%	444.8%	-369.7%	-924.3%	-77.3%	-5653.1%	-330.6%	-5.5%
Return on invested capital	-188.6%	-180.5%	-86.0%	-128.7%	-83.2%	-35.5%	-148.8%	-0.6%
Return on assets	-144.4%	-144.1%	-94.6%	-67.2%	-15.4%	-28.2%	-108.6%	-0.6%
Free cash flow yield	-32.1%	-57.8%	-98.0%	-67.8%	-14.2%	-3.1%	-1.9%	-0.2%
Earnings yield	-45.2%	-106.7%	-159.1%	-45.9%	-3.9%	-3.1%	-2.2%	-0.0%
Enterprise value	$74.4M	$45.6M	$34.5M	$78.7M	$226.1M	$575.9M	$721.7M	$620.3M
Net debt / EBITDA	-0.75×	-0.26×	-0.08×	-0.53×	3.15×	3.24×	0.39×	-0.29×
Cash conversion cycle (days)	-6,181	-5,694	-3,679	-39,419	-1,563	-1,396	-349	0