MicroVision, Inc. (MVIS) 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

-127.3%

-$0.34

vs $1.26 price

Levered DCF

-$0.40

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-19.76

Distress zone

Rating

C-

Overall 1 / 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	-2.37×	-2.85×	-5.91×	-7.34×	-18.56×	-55.18×	-3.27×	-1.94×
P/B	4.07×	5.63×	5.08×	4.35×	7.14×	83.5×	-20.15×	12.68×
P/S	187.22×	58.45×	66.99×	587.35×	321.97×	243.46×	9.02×	2.96×
EV / EBITDA	-3.26×	-3.98×	-5.67×	-7.58×	-17.46×	-56.42×	-3.02×	-1.52×
Gross margin	-1435.4%	-60.3%	61.8%	84.9%	99.9%	54.8%	3.6%	39.6%
Operating margin	-5743.8%	-1821.1%	-1224.3%	-8116.0%	-1754.8%	-440.6%	-297.9%	-154.6%
Net margin	-7862.7%	-2063.8%	-1141.2%	-7995.6%	-1728.0%	-441.2%	-298.0%	-154.8%
Current ratio	2.69×	1.79×	4.23×	7.96×	9.58×	1.75×	0.54×	0.97×
Debt / equity	0.66×	1.06×	0.16×	0.17×	0.06×	0.42×	-0.51×	0.01×
Interest coverage	-3.74×	-19.19×	-1,110.94×	-869.19×	0×	0×	0×	0×
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	-171.0%	-198.7%	-86.5%	-59.2%	-38.3%	-151.3%	665.9%	-661.9%
Return on invested capital	-72.5%	-83.7%	-79.7%	-51.1%	-36.9%	-106.2%	1365.2%	-558.8%
Return on assets	-92.1%	-80.0%	-63.9%	-46.2%	-33.2%	-64.9%	-223.7%	-118.3%
Free cash flow yield	-26.3%	-25.1%	-14.2%	-10.9%	-4.0%	-2.2%	-30.9%	-45.4%
Earnings yield	-42.0%	-35.3%	-17.0%	-13.6%	-5.4%	-1.8%	-33.0%	-52.2%
Enterprise value	$230.6M	$271.6M	$456.1M	$385.2M	$728.5M	$739.2M	$76.3M	$38.5M
Net debt / EBITDA	-0.06×	0.04×	0.37×	0.1×	1.83×	1×	0.15×	0.54×
Cash conversion cycle (days)	-3	128	259	-730	-329,230	-164	-27	-14