Majestic Gold Corp. (MJS.V) 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

+640.8%

CA$0.59

vs CA$0.08 price

Levered DCF

CA$1.43

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.61

Distress zone

Rating

Overall 4 / 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	16.55×	5.85×	7.85×	7.38×	6.94×	3.54×	21.37×	13.54×
P/B	0.76×	0.54×	0.56×	0.88×	0.65×	0.7×	0.62×	0.85×
P/S	1.25×	0.82×	1.07×	1.21×	1.4×	1.02×	1.25×	1.78×
EV / EBITDA	-0.07×	1.15×	1.82×	2.25×	2.87×	0.81×	2.3×	2.95×
Gross margin	52.3%	51.3%	48.3%	53.4%	56.5%	53.8%	53.6%	38.6%
Operating margin	37.1%	38.9%	34.2%	43.9%	33.0%	46.0%	42.3%	46.3%
Net margin	7.6%	14.0%	13.7%	17.5%	11.7%	18.0%	5.9%	23.5%
Current ratio	3.06×	5.42×	3.96×	2.73×	1.57×	1.21×	1.23×	0.92×
Debt / equity	0.33×	0×	0.04×	0.05×	0.06×	0.06×	0.2×	0.24×
Interest coverage	29.05×	107.56×	52.72×	80.84×	26.01×	36.31×	0×	18.22×
Dividend yield	4.9%	8.8%	0.0%	0.0%	0.0%	0.0%	0.4%	0.0%
Payout ratio	81.2%	51.1%	0.0%	0.0%	0.0%	0.0%	8.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.6%	9.2%	7.1%	12.7%	5.5%	12.3%	2.9%	11.3%
Return on invested capital	6.1%	11.1%	7.2%	14.8%	6.7%	15.3%	9.9%	11.2%
Return on assets	2.0%	5.3%	4.0%	7.9%	3.5%	7.4%	1.9%	6.4%
Free cash flow yield	10.1%	35.5%	23.2%	29.7%	12.1%	36.2%	13.7%	-7.8%
Earnings yield	6.0%	17.1%	12.8%	14.4%	8.4%	17.6%	4.7%	13.2%
Enterprise value	-CA$3.2M	CA$46.3M	CA$48M	CA$76.4M	CA$52.2M	CA$24.3M	CA$29.3M	CA$58.2M
Net debt / EBITDA	-2.64×	-0.29×	-0.41×	-0.02×	-0.08×	-0.97×	-0.86×	-0.09×
Cash conversion cycle (days)	-52	-19	-34	-20	-58	-183	10	-40