Crexendo, Inc. (CXDO) 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

-143.9%

-$2.49

vs $5.67 price

Levered DCF

$9.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.99

Safe zone

Rating

Overall 3 / 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	38.06×	83.41×	-346.43×	-1.23×	-41.67×	13.86×	53.13×	-128.21×
P/B	3.01×	2.72×	2.82×	1.05×	1.54×	4.24×	14.12×	14.33×
P/S	2.82×	2.3×	2.37×	1.16×	3.61×	6.67×	4.29×	2.41×
EV / EBITDA	18.63×	23.54×	34.37×	-1.28×	-80.58×	41.97×	46.29×	-259.76×
Gross margin	62.9%	62.0%	59.5%	63.6%	62.1%	69.8%	69.9%	67.9%
Operating margin	6.9%	3.0%	-3.2%	-99.6%	-10.0%	6.0%	7.9%	-1.7%
Net margin	7.4%	2.8%	-0.7%	-94.3%	-8.7%	48.5%	7.9%	-1.9%
Current ratio	3.4×	2.22×	1.65×	1.19×	1.09×	7.72×	1.99×	1.66×
Debt / equity	0.02×	0.04×	0.05×	0.11×	0.04×	0.08×	0.04×	0.1×
Interest coverage	246.84×	43.43×	-14.69×	-479.38×	-33.45×	13.04×	94.58×	-17.17×
Dividend yield	0.0%	0.0%	0.1%	1.1%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-35.9%	-1.3%	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	7.9%	3.3%	-0.8%	-85.4%	-3.7%	30.8%	26.0%	-11.2%
Return on invested capital	6.7%	3.0%	-3.6%	-79.4%	-3.4%	3.5%	22.7%	-7.9%
Return on assets	6.5%	2.6%	-0.6%	-63.7%	-3.2%	25.9%	14.6%	-4.9%
Free cash flow yield	4.8%	4.5%	2.7%	-1.6%	-1.1%	-0.3%	2.5%	1.6%
Earnings yield	2.6%	1.2%	-0.3%	-81.3%	-2.4%	7.3%	1.8%	-0.8%
Enterprise value	$161.8M	$123.9M	$117.7M	$42.5M	$96.7M	$93.7M	$57.9M	$27M
Net debt / EBITDA	-3.48×	-3.05×	-2.38×	0.03×	3.9×	-6.96×	-3.21×	15.86×
Cash conversion cycle (days)	32	-2	1	1	7	18	-9	26