Largo Inc. (LGO) 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

-250.1%

-$0.51

vs $0.34 price

Levered DCF

-$0.75

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-1.08

Distress zone

Rating

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	-0.93×	-2.21×	-4.91×	-237×	26.46×	84.62×	-14.48×	4.66×
P/B	0.49×	0.67×	0.6×	1.31×	2.23×	2.51×	1.95×	4.62×
P/S	0.58×	0.88×	0.74×	1.51×	2.99×	5.17×	3.92×	4.74×
EV / EBITDA	-3.27×	-3.19×	47.3×	11.54×	9.51×	20.62×	112.36×	6.06×
Gross margin	-20.7%	-16.7%	12.0%	26.0%	32.9%	26.3%	11.6%	74.0%
Operating margin	-41.9%	-37.0%	-8.2%	6.8%	18.5%	0.0%	-7.0%	69.9%
Net margin	-62.3%	-39.9%	-15.3%	-0.6%	11.4%	5.6%	-25.7%	60.6%
Current ratio	0.51×	0.82×	3.23×	3.96×	3.84×	3.1×	2×	1.39×
Debt / equity	0×	0.11×	0.31×	0.16×	0.07×	0.1×	0×	0.22×
Interest coverage	-3.5×	-4.89×	-1.69×	9.53×	32.55×	0×	-0.7×	9.18×
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	-52.6%	-30.2%	-12.3%	-0.5%	8.5%	2.7%	-12.8%	59.1%
Return on invested capital	-27.9%	-16.1%	-4.2%	-2.7%	9.1%	0.0%	-3.3%	70.4%
Return on assets	-21.5%	-15.6%	-7.7%	-0.4%	7.2%	2.3%	-9.4%	57.2%
Free cash flow yield	-59.0%	-28.2%	-22.0%	-12.2%	2.1%	-13.0%	12.5%	13.5%
Earnings yield	-107.4%	-45.2%	-20.5%	-0.4%	3.8%	1.1%	-6.6%	12.8%
Enterprise value	$54.1M	$105.7M	$180.9M	$334.3M	$526.8M	$566.1M	$406.4M	$1.7B
Net debt / EBITDA	0.59×	0.14×	8.61×	-0.43×	-1.2×	-1.98×	-35.43×	-0.23×
Cash conversion cycle (days)	124	93	109	114	129	153	-147	18