HydroGraph Clean Power Inc. (HG.CN) 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

-99.3%

CA$0.03

vs CA$4.10 price

Levered DCF

CA$0.04

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

193.9

Safe zone

Rating

C-

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
P/E	-52.28×	-3.37×	-1.83×	-4.13×	-37.53×	-500.27×
P/B	40.88×	3.85×	1.86×	1.64×	25.09×	67.71×
P/S	9,903.17×	2,915.76×	1,223.93×	2,408.85×	8,981.71×	0×
EV / EBITDA	-53.25×	-3.46×	-1.9×	-3.54×	-37.02×	-657.51×
Gross margin	-7468.0%	-837.5%	-258.0%	32.7%	100.0%	0.0%
Operating margin	-13999.1%	-84410.1%	-60029.5%	-56622.7%	-24249.2%	0.0%
Net margin	-18929.8%	-86389.9%	-67051.9%	-58492.1%	-23975.1%	0.0%
Current ratio	3.01×	1.81×	0.69×	16.61×	0.96×	0.32×
Debt / equity	0.01×	0.04×	0.05×	0.04×	0.17×	0.03×
Interest coverage	-517.77×	-295.66×	-201.84×	-103.36×	-214.84×	-73.23×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-78.1%	-114.1%	-101.9%	-39.8%	-67.0%	-13.2%
Return on invested capital	-56.8%	-105.0%	-86.8%	-37.0%	-73.1%	-13.8%
Return on assets	-60.5%	-98.7%	-84.3%	-37.6%	-23.1%	-11.4%
Free cash flow yield	-1.2%	-23.1%	-46.0%	-44.2%	-3.1%	-0.6%
Earnings yield	-1.9%	-29.6%	-54.8%	-24.3%	-2.7%	-0.2%
Enterprise value	CA$418.7M	CA$17.4M	CA$8.8M	CA$9.8M	CA$56.7M	CA$53.8M
Net debt / EBITDA	1.1×	0.12×	0.04×	0.9×	-0.11×	0.16×
Cash conversion cycle (days)	79	2,971	-7,188	-1,215	842	0