Hycroft Mining Holding Corporation (HYMC) 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

-74.6%

$4.15

vs $16.33 price

Levered DCF

$4.20

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

14.54

Safe zone

Rating

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	-25.29×	-0.84×	-0.94×	-1.49×	-0.42×	-2×	-0.03×	15.53×
P/B	4.81×	-1.53×	4.08×	1.43×	-0.54×	16.44×	-0.01×	-0.08×
P/S	0×	0×	0×	2.72×	0.33×	5.81×	0.23×	0×
EV / EBITDA	-30.53×	-3.26×	-2.58×	-2.05×	-2.5×	-4.09×	-16.83×	198.9×
Gross margin	0.0%	0.0%	0.0%	-47.1%	-47.5%	-133.0%	-123.7%	0.0%
Operating margin	0.0%	0.0%	0.0%	-161.0%	-75.8%	-190.0%	-247.6%	0.0%
Net margin	0.0%	0.0%	0.0%	-183.1%	-80.0%	-289.9%	-721.4%	0.0%
Current ratio	23.86×	9.42×	9.67×	12.66×	1.2×	5.17×	0.07×	0.13×
Debt / equity	0×	-3.74×	11.28×	2.1×	-2.09×	8.89×	-1.26×	-1.26×
Interest coverage	-4.03×	-2.19×	-2.44×	-2.89×	-4.07×	-2.06×	-0.52×	-0.21×
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	-19.0%	182.2%	-434.8%	-96.1%	129.3%	-820.8%	22.5%	-0.5%
Return on invested capital	-19.3%	-32.6%	-23.7%	-22.6%	-74.6%	-41.4%	-28.5%	-0.5%
Return on assets	-15.5%	-43.5%	-27.3%	-24.4%	-62.2%	-58.6%	-73.5%	1.7%
Free cash flow yield	-8.1%	-72.6%	-82.3%	-39.6%	-119.3%	-52.7%	-2324.8%	-6.1%
Earnings yield	-4.0%	-119.0%	-106.5%	-67.3%	-240.0%	-49.9%	-3190.3%	6.4%
Enterprise value	$846.6M	$126.6M	$88.2M	$81.2M	$168M	$364.5M	$547.6M	$444.5M
Net debt / EBITDA	6.55×	-1.94×	-1.07×	0.23×	-1.95×	-1.03×	-16.74×	187.23×
Cash conversion cycle (days)	-37	-31	5	31	9	5	-72	-127