Femasys Inc. (FEMY) 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

-203.0%

-$1.36

vs $1.32 price

Levered DCF

-$8.46

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-18.41

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	-1.23×	-1.31×	-1.05×	-0.93×	-6.09×	-20.34×	-12.5×
P/B	3.88×	10.63×	0.82×	0.7×	1.75×	40.01×	-3.11×
P/S	9.93×	15.03×	13.99×	8.81×	39.02×	135.98×	151.91×
EV / EBITDA	-1.15×	-1.74×	0×	0.17×	-3.4×	-24.12×	-13.42×
Gross margin	62.0%	66.6%	64.5%	63.4%	68.6%	70.5%	75.9%
Operating margin	-767.0%	-1091.8%	-1353.4%	-961.7%	-706.7%	-668.0%	-1252.6%
Net margin	-812.3%	-1155.0%	-1329.1%	-944.6%	-639.0%	-666.2%	-1213.3%
Current ratio	4.53×	0.93×	7.59×	9.25×	15.15×	1.34×	6.25×
Debt / equity	0.8×	3.23×	0.37×	0.04×	0.04×	0.58×	-0.04×
Interest coverage	-9.3×	-11.09×	-87.72×	-861.58×	-433.62×	-552.31×	-1,166.99×
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	-317.4%	-816.5%	-77.6%	-74.8%	-28.6%	-196.0%	24.8%
Return on invested capital	-100.1%	-181.7%	-57.8%	-73.0%	-30.3%	-119.9%	-98.4%
Return on assets	-89.9%	-151.2%	-51.3%	-67.4%	-26.4%	-90.9%	-89.1%
Free cash flow yield	-84.4%	-82.5%	-76.2%	-104.9%	-17.9%	-3.5%	-8.3%
Earnings yield	-81.8%	-76.8%	-95.0%	-107.3%	-16.4%	-4.9%	-8.0%
Enterprise value	$18.2M	$28.5M	-$15.4K	-$1.8M	$22.2M	$139.9M	$136.4M
Net debt / EBITDA	0.29×	-0.24×	1.14×	1.18×	3.63×	0.22×	0.46×
Cash conversion cycle (days)	1,734	1,199	-418	-38	-208	-602	-471