Intellicheck, Inc. (IDN) 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

-256.5%

-$3.55

vs $2.27 price

Levered DCF

-$0.49

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.66

Safe zone

Rating

Overall 3 / 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	102.61×	-58.95×	-19×	-9.09×	-11.55×	-81.46×	-46.81×	-8.23×
P/B	6.31×	3.05×	2.12×	2.04×	4.39×	8.9×	10.07×	2.53×
P/S	5.76×	2.71×	1.93×	2.36×	5.24×	18.41×	15.43×	7.36×
EV / EBITDA	59.45×	-110.13×	-18.51×	-8.81×	-9.89×	-59.09×	-48×	-7.34×
Gross margin	89.5%	90.8%	92.7%	92.0%	78.6%	86.7%	87.0%	91.3%
Operating margin	4.8%	-5.8%	-12.0%	-25.2%	-45.7%	-30.8%	-34.5%	-92.3%
Net margin	5.6%	-4.6%	-10.5%	-26.0%	-45.6%	-23.1%	-33.3%	-89.4%
Current ratio	3.68×	3.11×	2.2×	3.37×	2.69×	7.35×	2.44×	3.82×
Debt / equity	0×	0×	0×	0×	0×	0×	0.01×	0×
Interest coverage	0×	0×	0×	-806×	0×	0×	0×	0×
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	6.2%	-5.2%	-11.5%	-22.5%	-38.2%	-11.2%	-21.7%	-30.7%
Return on invested capital	5.0%	-6.6%	-12.8%	-21.8%	-38.3%	-14.8%	-22.2%	-31.6%
Return on assets	5.2%	-4.4%	-8.3%	-18.5%	-29.1%	-10.2%	-18.2%	-27.4%
Free cash flow yield	3.4%	-5.1%	-3.1%	-9.7%	0.5%	-0.2%	-1.6%	-13.4%
Earnings yield	1.0%	-1.7%	-5.4%	-11.0%	-8.7%	-1.3%	-2.2%	-12.1%
Enterprise value	$120.9M	$49.4M	$32.6M	$32.5M	$72.3M	$184.5M	$115.1M	$28.2M
Net debt / EBITDA	-4.74×	10.39×	2.26×	1.41×	1.87×	4.19×	1.33×	1.14×
Cash conversion cycle (days)	19	-3	-144	-42	11	60	47	92