Franklin Wireless Corp. (FKWL) 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

-1074.3%

-$21.77

vs $2.24 price

Levered DCF

-$44.65

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

2.86

Grey 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	-6.35×	-202.91×	-10.59×	-15.54×	-9.91×	5.88×	10.62×	-15.43×
P/B	1.02×	1.43×	1.21×	1.12×	0.9×	2.33×	2.87×	1.54×
P/S	0.82×	1.07×	1.38×	0.95×	1.53×	0.57×	0.78×	0.63×
EV / EBITDA	-8.5×	53.23×	-6.47×	-28.34×	-2.81×	2.47×	3.97×	-11.81×
Gross margin	17.1%	17.2%	11.4%	15.3%	15.9%	17.6%	19.3%	15.7%
Operating margin	-7.3%	-6.2%	-19.3%	-5.1%	-20.7%	12.4%	9.4%	-5.6%
Net margin	-13.0%	-0.5%	-12.9%	-6.2%	-15.7%	9.6%	7.4%	-4.0%
Current ratio	2.67×	3.64×	4.43×	3.14×	5.21×	4.92×	1.43×	2.89×
Debt / equity	0.04×	0.04×	0.04×	0×	0.01×	0.02×	0.08×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	1.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-9.9%	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	-16.2%	-0.7%	-11.3%	-7.4%	-9.2%	39.6%	27.3%	-10.0%
Return on invested capital	-8.5%	-5.5%	-12.8%	-4.4%	-9.0%	38.2%	25.2%	-10.4%
Return on assets	-10.2%	-0.5%	-8.5%	-5.0%	-7.2%	30.6%	8.5%	-7.0%
Free cash flow yield	-21.1%	3.7%	-2.3%	-8.2%	-22.1%	10.9%	36.4%	0.6%
Earnings yield	-15.8%	-0.5%	-9.3%	-6.5%	-10.2%	17.0%	9.5%	-6.5%
Enterprise value	$17.6M	$35.9M	$31.7M	$31.7M	$11M	$59.1M	$31.9M	$16.4M
Net debt / EBITDA	5.98×	-19.78×	2.2×	10.8×	6.6×	-1.89×	-3.3×	4.65×
Cash conversion cycle (days)	4	-39	-64	-15	-51	-16	-105	-13