Hyperfine, Inc. (HYPR) 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

-270.1%

-$1.23

vs $0.72 price

Levered DCF

-$1.44

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-6.81

Distress 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	FY2019
P/E	-2.28×	-1.57×	-1.81×	-0.81×	-7.88×	-10.76×	-2.47×
P/B	2.25×	1.3×	0.95×	0.48×	2.74×	3.75×	1.61×
P/S	6.8×	4.94×	7.24×	8.68×	340.85×	858×	0×
EV / EBITDA	-1.67×	-0.66×	-0.11×	0.82×	-5.01×	-8.18×	-1×
Gross margin	49.8%	45.7%	43.1%	13.3%	-78.0%	-162.2%	0.0%
Operating margin	-273.4%	-335.3%	-436.1%	-1084.2%	-4336.1%	-7990.1%	0.0%
Net margin	-262.3%	-315.9%	-401.0%	-1073.7%	-4333.8%	-7944.6%	0.0%
Current ratio	4.34×	6.15×	10.14×	14.62×	12.55×	16.6×	15.63×
Debt / equity	0.01×	0.01×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×
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	-86.8%	-83.0%	-52.4%	-59.1%	-34.8%	-34.7%	-65.3%
Return on invested capital	-84.7%	-85.7%	-56.2%	-59.0%	-34.7%	-34.8%	-69.4%
Return on assets	-64.4%	-69.1%	-47.0%	-54.6%	-32.0%	-32.7%	-61.4%
Free cash flow yield	-31.6%	-61.4%	-53.4%	-123.2%	-9.8%	-9.2%	-40.2%
Earnings yield	-38.6%	-63.9%	-55.4%	-123.6%	-12.7%	-9.3%	-40.6%
Enterprise value	$57.5M	$26.3M	$4.9M	-$59.1M	$321.4M	$189.8M	$19.9M
Net debt / EBITDA	1.01×	0.94×	1.74×	1.64×	2.94×	2.69×	1.33×
Cash conversion cycle (days)	338	456	449	411	440	581	0