Karnalyte Resources Inc. (KRN.TO) 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

-100.7%

-CA$0.00

vs CA$0.26 price

Levered DCF

CA$0.01

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-31.13

Distress zone

Rating

D+

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	FY2018
P/E	-13.98×	-3.38×	-6.74×	-3.81×	-7.5×	-3.21×	-2.31×	-1×
P/B	3.82×	1.15×	1.48×	1.31×	3.23×	1.43×	0.68×	0.43×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-9.19×	-2.87×	-5.17×	-3.85×	-7.86×	-1.96×	-0.09×	0.73×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	1.27×	1.7×	4.75×	6.7×	2.83×	3.53×	9.26×	12.36×
Debt / equity	0×	0×	0×	0×	0×	0×	0.01×	0×
Interest coverage	-27.98×	-30.8×	-43.89×	-18.97×	-61.52×	-128.44×	-64.91×	-179.43×
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	-27.4%	-34.1%	-21.9%	-34.2%	-43.1%	-44.7%	-29.5%	-42.0%
Return on invested capital	-27.6%	-25.0%	-24.7%	-7.8%	-22.1%	-23.6%	-15.9%	-25.8%
Return on assets	-16.8%	-24.1%	-17.0%	-27.3%	-29.6%	-31.5%	-24.1%	-35.6%
Free cash flow yield	-13.9%	-30.2%	-5.7%	-21.4%	-16.6%	-23.4%	-39.5%	-65.6%
Earnings yield	-7.2%	-29.7%	-14.8%	-26.2%	-13.3%	-31.2%	-43.3%	-98.0%
Enterprise value	CA$13.5M	CA$4.7M	CA$7.3M	CA$6.6M	CA$16.8M	CA$6.6M	CA$272.1K	-CA$4.4M
Net debt / EBITDA	0.24×	0.53×	1.63×	2.15×	0.84×	1.43×	2.48×	1.76×
Cash conversion cycle (days)	-3,047	-4,785	-3,728	-4,495	-4,033	-5,792	-3,697	-5,220