Contango Silver & Gold Inc. (CTGO) 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

-83.7%

$2.34

vs $14.31 price

Levered DCF

$2.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.92

Distress zone

Rating

C+

Overall 2 / 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	-9.43×	-7.57×	-2.26×	-4.54×	-6.88×	5.76×	-7.34×	-8.85×
P/B	13.58×	226.12×	-6.32×	-37.83×	12.18×	3.98×	34.09×	12.99×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-11.05×	-12.82×	3.34×	-5.16×	-6.79×	4.06×	-11.61×	-25.48×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	0.9×	0.29×	1.29×	5.35×	15.8×	161.79×	2.83×	20.9×
Debt / equity	1.35×	54.19×	-3.07×	-5.33×	1.45×	0×	0×	0×
Interest coverage	9.09×	2.24×	-3.77×	-19.78×	-59.21×	0×	0×	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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-143.8%	-2988.3%	560.6%	832.6%	-177.1%	69.1%	-463.2%	-100.2%
Return on invested capital	69.3%	26.0%	-33.3%	-165.9%	-54.3%	-28.3%	-280.5%	-53.2%
Return on assets	-21.0%	-28.4%	-139.2%	-154.9%	-63.0%	66.4%	-299.6%	-95.4%
Free cash flow yield	7.5%	0.2%	-10.3%	-8.1%	-8.7%	-6.1%	-2.0%	-1.0%
Earnings yield	-10.6%	-13.2%	-88.6%	-22.0%	-14.5%	17.4%	-13.6%	-7.7%
Enterprise value	$309.8M	$336.7M	$121.2M	$194.4M	$157.8M	$102.3M	$65M	$99.8M
Net debt / EBITDA	1.1×	-1.86×	0.81×	-0.37×	0.17×	-1.4×	0.54×	2.2×
Cash conversion cycle (days)	-612	-215	-777	-122	-342	-46	0	0