Lite Strategy, Inc. (LITS) 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

-83.7%

$0.16

vs $0.97 price

Levered DCF

$0.17

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

0.13

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-0.45×	-1.9×	1.7×	-0.95×	-0.45×	-0.37×	-0.44×	-0.96×
P/B	0.77×	1.78×	0.91×	1.23×	0.54×	0.52×	0.27×	0.34×
P/S	0×	0×	0.46×	0.62×	0.69×	0.73×	0.71×	3.28×
EV / EBITDA	-2.13×	-0.71×	1.03×	-0.71×	-0.29×	-0.62×	-0.34×	-0.14×
Gross margin	0.0%	0.0%	100.0%	100.0%	100.0%	96.0%	90.8%	13.3%
Operating margin	0.0%	0.0%	22.3%	-75.3%	-185.5%	-173.7%	-84.9%	-940.9%
Net margin	0.0%	0.0%	27.2%	-65.2%	-133.8%	-118.7%	-159.2%	-342.2%
Current ratio	5.74×	13.5×	4.88×	5.29×	6.84×	8.15×	15.17×	5.75×
Debt / equity	0×	0×	0×	0.52×	0.18×	0.17×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	38.6%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	65.6%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-170.9%	-94.2%	53.8%	-129.3%	-103.9%	-83.5%	-59.7%	-35.1%
Return on invested capital	-29.5%	-103.1%	44.0%	-36.1%	-48.9%	-39.0%	-12.5%	-67.6%
Return on assets	-166.7%	-87.2%	43.0%	-26.4%	-30.6%	-23.7%	-21.9%	-20.3%
Free cash flow yield	-28.6%	-69.1%	-167.2%	-174.0%	-174.6%	-128.2%	161.7%	-184.0%
Earnings yield	-223.2%	-52.8%	58.9%	-105.5%	-193.1%	-162.1%	-223.1%	-104.4%
Enterprise value	$26.2M	$12.2M	$26.5M	$26M	$22.1M	$25.2M	$8.3M	$6.5M
Net debt / EBITDA	0.47×	1.05×	-0.14×	0.11×	0.08×	0.01×	0.5×	0.21×
Cash conversion cycle (days)	0	-175	0	1	90	-1,568	-296	-359