Intelligent Protection Management Corp. (IPM) 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

+21.2%

$2.01

vs $1.66 price

Levered DCF

-$18.79

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.07

Distress zone

Rating

B-

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	-3.51×	-2.19×	-15.83×	-5.43×	11.18×	9.5×	-1.56×	-3.39×
P/B	0.38×	1.54×	0.87×	0.87×	0.59×	1.33×	1.6×	0.84×
P/S	0.29×	16.72×	18.21×	1.67×	1.11×	1.02×	0.85×	0.63×
EV / EBITDA	-1.04×	-2.24×	-2.23×	-1.29×	-3.84×	4.21×	-9.7×	2.64×
Gross margin	52.3%	76.1%	70.4%	74.3%	79.5%	79.9%	79.2%	82.2%
Operating margin	-16.9%	-466.3%	-384.4%	-33.3%	3.9%	9.7%	-56.4%	-6.6%
Net margin	-8.3%	-767.2%	-110.9%	-31.0%	10.0%	10.7%	-54.8%	-18.7%
Current ratio	1.57×	3.17×	4.7×	4.21×	6×	1.64×	1.08×	0.79×
Debt / equity	0.06×	0.01×	0×	0.01×	0.01×	0.06×	0.09×	0.02×
Interest coverage	0×	0×	0×	0×	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	-10.8%	-70.8%	-5.3%	-16.3%	5.3%	13.9%	-102.4%	-25.1%
Return on invested capital	-9.4%	-40.0%	-17.6%	-15.9%	2.0%	11.9%	-94.8%	-8.7%
Return on assets	-7.5%	-53.1%	-4.5%	-13.4%	4.6%	10.1%	-68.6%	-15.5%
Free cash flow yield	11.6%	-16.4%	-6.2%	-16.1%	8.6%	11.0%	-37.2%	18.7%
Earnings yield	-28.5%	-45.9%	-6.1%	-18.6%	9.0%	10.5%	-64.2%	-29.7%
Enterprise value	$1.4M	$7.8M	$4M	$3.7M	-$6.6M	$8.1M	$10.4M	$6.4M
Net debt / EBITDA	4.14×	3×	7.45×	5.03×	-12.37×	-2.61×	2.49×	-2.59×
Cash conversion cycle (days)	-27	-490	-84	-127	-175	-103	-113	-280