Cineverse Corp. (CNVS) 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

-492.2%

-$6.20

vs $1.58 price

Levered DCF

-$9.46

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

-4.93

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	FY2020	FY2019
P/E	-4.9×	17.56×	-0.8×	-7.43×	77.14×	-3.38×	-1.07×	-4.37×
P/B	1.02×	1.29×	0.53×	1.85×	3.27×	12.38×	-0.88×	-2.01×
P/S	0.69×	0.64×	0.36×	1.1×	2.47×	6.79×	0.4×	1.32×
EV / EBITDA	-9.71×	3.03×	-1.19×	-16.54×	19.66×	-3.99×	23.01×	14.31×
Gross margin	44.3%	50.4%	61.1%	46.5%	62.7%	48.7%	56.4%	69.9%
Operating margin	-19.1%	10.1%	-3.4%	-9.5%	1.9%	-42.9%	-11.1%	-10.5%
Net margin	-13.4%	4.6%	-43.6%	-14.3%	3.9%	-199.9%	-37.5%	-30.3%
Current ratio	0.81×	1.11×	1.05×	0.83×	0.92×	0.75×	0.48×	0.57×
Debt / equity	0.5×	0.01×	0.22×	0.15×	0.02×	0.7×	-2.77×	-1.77×
Interest coverage	-27.5×	1.82×	-1.57×	-5×	2.93×	-3.3×	-0.6×	-0.55×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-19.9%	9.3%	-64.3%	-24.1%	5.2%	-364.3%	81.8%	46.0%
Return on invested capital	-12.3%	20.1%	-4.2%	-13.4%	2.2%	-48.1%	-13.7%	-19.8%
Return on assets	-6.8%	5.0%	-33.3%	-11.1%	2.1%	-83.3%	-13.3%	-16.4%
Free cash flow yield	-68.5%	32.5%	-66.6%	-13.7%	3.1%	-10.6%	41.1%	12.9%
Earnings yield	-19.6%	7.2%	-122.2%	-13.0%	1.6%	-29.4%	-93.0%	-22.9%
Enterprise value	$64.1M	$36.5M	$19.5M	$73.7M	$125.9M	$208.5M	$51.5M	$115.5M
Net debt / EBITDA	-2.88×	-1.12×	-0.12×	0.21×	-1.92×	0.09×	15.93×	5.52×
Cash conversion cycle (days)	141	5	14	-15	-361	-406	-1,129	-1,085