Firan Technology Group Corporation (FTG.TO) 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

-115.3%

-CA$5.04

vs CA$32.89 price

Levered DCF

CA$7.39

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

9.6

Safe zone

Rating

A-

Overall 4 / 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	21.69×	16.22×	9.16×	64.81×	340.58×	33.33×	13.85×	18.75×
P/B	2.94×	2.42×	1.8×	0.94×	1.15×	0.92×	1.82×	1.31×
P/S	1.48×	1.08×	0.79×	0.5×	0.73×	0.45×	0.75×	0.49×
EV / EBITDA	10.26×	7.76×	6.1×	5.45×	5.94×	4.31×	5.55×	5.15×
Gross margin	31.7%	27.3%	33.9%	23.8%	21.6%	25.8%	26.9%	23.1%
Operating margin	11.4%	10.1%	16.1%	2.8%	0.9%	7.4%	9.6%	6.6%
Net margin	6.8%	6.7%	8.6%	0.8%	0.2%	1.4%	5.4%	2.6%
Current ratio	2.48×	2.54×	2.24×	2.33×	3.33×	2.96×	2.18×	2.32×
Debt / equity	0.55×	0.49×	0.59×	0.28×	0.26×	0.38×	0.12×	0.18×
Interest coverage	7.99×	7.39×	16.38×	5.36×	1.29×	9.91×	37.25×	13.78×
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	13.6%	15.0%	19.5%	1.4%	0.3%	2.8%	13.0%	7.0%
Return on invested capital	11.1%	11.0%	18.7%	1.3%	0.1%	2.9%	12.3%	6.4%
Return on assets	7.6%	8.0%	9.2%	0.8%	0.2%	1.6%	8.3%	4.0%
Free cash flow yield	4.5%	3.9%	4.4%	-2.3%	8.2%	27.1%	10.4%	16.2%
Earnings yield	4.6%	6.2%	10.8%	1.5%	0.3%	3.0%	7.1%	5.3%
Enterprise value	CA$325.9M	CA$199.6M	CA$135.9M	CA$43.2M	CA$50.3M	CA$46.2M	CA$82.7M	CA$56.3M
Net debt / EBITDA	1.34×	0.99×	1.28×	-0.26×	-0.86×	-0.02×	-0.15×	0.22×
Cash conversion cycle (days)	123	114	133	100	96	91	91	99