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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
-59.8%
CA$0.06
vs CA$0.16 price
Levered DCF
CA$0.06
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-194.26
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-3.64×-41.1×-79.65×-78.62×-70.56×-64.41×-87.1×-19.7×
P/B7.12×108.52×95.39×206.2×188.56×67.84×102.83×44.04×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-2.87×-43.19×-91.18×-79.08×-67.48×-55.92×-85.47×111.24×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio4.43×5.22×11.99×6.29×5.1×9.33×4.37×7.44×
Debt / equity0.01×0.02×0.01×0.03×0.02×0×0×0×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-188.5%-264.4%-120.2%-261.9%-267.3%-105.4%-118.1%-223.4%
Return on invested capital-210.8%-279.6%-109.9%-309.6%-283.3%-127.2%-131.5%-300.7%
Return on assets-149.6%-217.9%-110.1%-221.0%-214.1%-94.5%-91.2%-193.4%
Free cash flow yield-23.1%-2.2%-1.1%-1.5%-1.4%-1.6%-1.1%-6.6%
Earnings yield-26.5%-2.4%-1.3%-1.3%-1.4%-1.6%-1.1%-5.1%
Enterprise valueCA$5.8MCA$78.4MCA$203.7MCA$478.8MCA$334.2MCA$133.4MCA$126.7MCA$49.9M
Net debt / EBITDA0.52×0.39×0.81×0.27×0.35×0.86×0.97×-2.62×
Cash conversion cycle (days)0-343-1,482-2,649-2,900-1,546-2,3970