Lightwave Logic, Inc. (LWLG) 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

-88.7%

$0.52

vs $4.61 price

Levered DCF

$0.46

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

108.62

Safe 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	-20.25×	-11.05×	-27.67×	-28.73×	-87.53×	-12.72×	-8.66×	-9.39×
P/B	5.58×	7.6×	15.78×	17.49×	62.12×	14.79×	11.88×	11.05×
P/S	1,759.55×	2,655.65×	14,197.5×	0×	0×	0×	0×	0×
EV / EBITDA	-19.24×	-11.08×	-27.69×	-28.62×	-87.73×	-13.96×	-9.44×	-9.81×
Gross margin	-793.2%	92.3%	93.8%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	-8765.5%	-24150.6%	-52405.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	-8576.5%	-23571.0%	-51943.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	32.69×	15.75×	12.66×	16.86×	14.92×	4.15×	2.62×	7.3×
Debt / equity	0.03×	0.08×	0.08×	0.01×	0.02×	0.12×	0.18×	0×
Interest coverage	0×	0×	0×	-186.99×	0×	0×	0×	-22,404.06×
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	-27.2%	-67.4%	-57.7%	-62.5%	-73.9%	-116.3%	-137.1%	-117.6%
Return on invested capital	-26.0%	-63.8%	-53.9%	-61.3%	-65.8%	-100.0%	-105.6%	-114.1%
Return on assets	-24.9%	-59.6%	-50.3%	-58.9%	-68.4%	-91.2%	-98.6%	-109.9%
Free cash flow yield	-3.6%	-7.2%	-2.8%	-2.5%	-0.7%	-6.0%	-8.7%	-10.8%
Earnings yield	-4.9%	-8.9%	-3.7%	-3.6%	-1.2%	-7.9%	-11.5%	-10.6%
Enterprise value	$350.3M	$229M	$546.5M	$458.2M	$1.5B	$82.8M	$56.9M	$52.1M
Net debt / EBITDA	3.65×	1.21×	1.45×	1.48×	1.3×	0.44×	0.23×	0.41×
Cash conversion cycle (days)	202	-25,292	-209,942	-311	-90	-79	-46	-82