CVRx, Inc. (CVRX) 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

-11723.2%

-$159.24

vs $1.37 price

Levered DCF

-$131.63

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-9.03

Distress zone

Rating

D+

Overall 1 / 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
P/E	-3.48×	-4.78×	-15.8×	-9.08×	-5.8×	-38.36×	-36.84×
P/B	4.71×	4.03×	8.57×	3.45×	1.74×	-0.04×	-0.05×
P/S	3.27×	5.58×	16.56×	16.75×	19.44×	1.79×	2.16×
EV / EBITDA	-3.43×	-4.2×	-15.26×	-6.8×	-2.74×	2.53×	-0.53×
Gross margin	85.3%	83.8%	84.1%	77.8%	72.1%	76.2%	73.1%
Operating margin	-90.5%	-116.0%	-109.7%	-189.3%	-199.2%	-190.2%	-162.9%
Net margin	-94.1%	-116.9%	-104.8%	-184.4%	-330.5%	-233.1%	-233.9%
Current ratio	7.63×	12.06×	14.25×	15.19×	25.57×	8.07×	3.36×
Debt / equity	1.29×	0.71×	0.4×	0.06×	0×	-0.07×	-0.07×
Interest coverage	-8.8×	-13.53×	-23.96×	-257.74×	-11.7×	-4.66×	-5.93×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-135.6%	-84.4%	-54.2%	-37.9%	-29.5%	4.8%	5.2%
Return on invested capital	-56.0%	-48.4%	-40.1%	-36.3%	-17.7%	-20.3%	-49.7%
Return on assets	-50.9%	-44.9%	-35.8%	-33.2%	-28.2%	-21.8%	-50.3%
Free cash flow yield	-22.0%	-14.1%	-6.1%	-11.5%	-11.4%	-151.4%	-95.4%
Earnings yield	-28.8%	-20.9%	-6.3%	-11.0%	-17.0%	-130.2%	-108.3%
Enterprise value	$160.3M	$230.8M	$590.9M	$277.2M	$111.3M	-$29M	$6.8M
Net debt / EBITDA	0.53×	1.01×	1.55×	2.43×	3.5×	3.47×	0.53×
Cash conversion cycle (days)	436	483	601	472	410	802	397