Northern Graphite Corporation (NGC.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

-1320.8%

-CA$0.79

vs CA$0.07 price

Levered DCF

-CA$0.53

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-4.05

Distress 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	-1.13×	-0.52×	-1.11×	-3.73×	-19.95×	-21.43×	-13.79×	-9.38×
P/B	-0.65×	-0.95×	1.63×	1.44×	3.63×	1.27×	0.51×	0.61×
P/S	1.28×	0.89×	1.5×	4.36×	0×	0×	0×	0×
EV / EBITDA	-6.48×	-2.91×	-3.45×	-8.87×	-19.01×	-20.8×	-11.2×	-7.36×
Gross margin	-20.6%	-1.4%	11.3%	22.1%	0.0%	0.0%	0.0%	0.0%
Operating margin	-103.5%	-32.9%	-55.5%	-30.5%	0.0%	0.0%	0.0%	0.0%
Net margin	-110.8%	-170.7%	-138.3%	-121.3%	0.0%	0.0%	0.0%	0.0%
Current ratio	0.11×	0.24×	1.68×	2.89×	3.34×	7.22×	13.06×	11.09×
Debt / equity	-1.26×	-1.92×	1.74×	0.61×	0×	0×	0×	0×
Interest coverage	-1.32×	-0.6×	-1.44×	-1.1×	-228.8×	0×	0×	-19.73×
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	56.2%	181.3%	-149.8%	-40.2%	-18.2%	-5.9%	-4.0%	-6.5%
Return on invested capital	-31.1%	-11.0%	-11.0%	-3.8%	-17.5%	-5.3%	-3.9%	-6.7%
Return on assets	-29.0%	-50.2%	-25.9%	-14.3%	-16.4%	-5.7%	-3.9%	-6.3%
Free cash flow yield	-6.2%	-8.4%	-37.5%	-32.5%	-3.2%	-3.8%	-12.6%	-18.0%
Earnings yield	-86.5%	-191.4%	-91.9%	-27.8%	-5.0%	-4.7%	-7.8%	-10.6%
Enterprise value	CA$69.8M	CA$61M	CA$50.2M	CA$69.1M	CA$60.7M	CA$17.3M	CA$6.4M	CA$7.4M
Net debt / EBITDA	-4.19×	-1.94×	-1.68×	-2.16×	1.12×	1.45×	2.41×	2.36×
Cash conversion cycle (days)	-71	34	365	709	-9,404	-1,194	-1,131	-2,256