Ideal Power Inc. (IPWR) 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

-75.9%

$0.59

vs $2.43 price

Levered DCF

$0.62

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.59

Safe zone

Rating

B-

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	-2.66×	-5.9×	-4.83×	-9.55×	-14.89×	-3.71×	-0.97×	-0.44×
P/B	3.58×	3.45×	4.78×	3.68×	2.97×	7.55×	0.98×	0.75×
P/S	748.2×	716.59×	241.88×	324.15×	124.23×	67.54×	0×	0×
EV / EBITDA	-2.22×	-4.63×	-4.14×	-7.17×	-10.6×	-3.38×	-0.34×	-0.05×
Gross margin	-60.1%	-8.6%	19.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	-28979.0%	-12868.7%	-5205.4%	-3612.4%	-841.3%	-950.2%	0.0%	0.0%
Net margin	-28038.6%	-12109.2%	-5005.3%	-3536.9%	-827.6%	-1820.5%	0.0%	0.0%
Current ratio	6.72×	29.06×	9.79×	37.62×	43.19×	5.23×	4.82×	4.11×
Debt / equity	0.05×	0.03×	0.02×	0.01×	0.01×	0.05×	0.07×	0×
Interest coverage	0×	0×	0×	0×	-381.78×	-805.7×	-730.08×	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	-134.3%	-58.3%	-98.9%	-40.1%	-19.8%	-203.5%	-101.1%	-171.9%
Return on invested capital	-119.3%	-57.2%	-90.9%	-38.6%	-19.1%	-89.3%	-65.4%	-85.8%
Return on assets	-105.3%	-52.5%	-81.3%	-37.1%	-18.4%	-151.9%	-74.7%	-128.2%
Free cash flow yield	-32.8%	-15.0%	-15.3%	-10.0%	-6.3%	-10.7%	-87.3%	-114.3%
Earnings yield	-37.5%	-16.9%	-20.7%	-10.9%	-6.7%	-27.0%	-103.4%	-227.7%
Enterprise value	$22.5M	$46.3M	$39.8M	$49.8M	$48.8M	$25.9M	$1M	$213.3K
Net debt / EBITDA	0.57×	1.54×	0.86×	2.32×	4.97×	0.39×	0.93×	0.79×
Cash conversion cycle (days)	-2,177	-27	-607	-116	65	58	-605	-250