Earthworks Industries Inc. (EWK.V) 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

-408.4%

-CA$0.06

vs CA$0.02 price

Levered DCF

-CA$0.06

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-2,981.6

Distress zone

Rating

C+

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	-0.88×	-0.36×	18.67×	-7.5×	-37×	-25×	-10×	-2.89×
P/B	-0.29×	-0.79×	5.57×	5.71×	14.2×	10.74×	3.24×	1.3×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-8.1×	-0.49×	-55.44×	-10.35×	-50.27×	-38.97×	-13.27×	-5.88×
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	0.03×	0×	0.26×	0.1×	0.21×	0.06×	0.02×	0.06×
Debt / equity	-0.82×	-0.22×	0.52×	0.38×	0.4×	0.41×	0.32×	0.26×
Interest coverage	-1.05×	-1.44×	-2.14×	-2.33×	-1.38×	-1.07×	-1.22×	-1.33×
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	32.7%	221.0%	29.8%	-77.3%	-49.6%	-55.3%	-42.5%	-45.0%
Return on invested capital	113.8%	27.8%	-5.8%	-13.2%	-4.7%	-4.3%	-5.8%	-6.5%
Return on assets	-1747.4%	-57541.9%	17.3%	-15.2%	-9.3%	-9.3%	-8.5%	-10.5%
Free cash flow yield	-46.7%	-24.4%	-3.1%	-5.9%	-2.3%	-2.8%	-6.6%	-19.1%
Earnings yield	-113.6%	-280.0%	5.4%	-13.5%	-3.5%	-5.2%	-13.1%	-34.6%
Enterprise value	CA$9.6M	CA$6.9M	CA$45.4M	CA$14.3M	CA$30.5M	CA$20.5M	CA$7.8M	CA$3.9M
Net debt / EBITDA	-5.98×	-0.1×	-3.73×	-0.5×	-0.93×	-1.3×	-1.16×	-0.86×
Cash conversion cycle (days)	-267,448	-299,494	0	-56,627	-66,084	-77,462	-59,182	-49,150