NeurAxis, Inc. (NRXS) 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

-170.9%

-$4.88

vs $6.89 price

Levered DCF

-$4.81

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

Safe 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
P/E	-4.78×	-1.93×	-1.15×	-10.53×	-9.68×	-7.5×
P/B	12.13×	7.86×	-11.98×	-9.06×	-39.11×	19.65×
P/S	11.55×	6.05×	6.83×	18.8×	11.87×	16.73×
EV / EBITDA	-4.79×	-1.65×	-1.84×	-11.75×	-10.97×	-8.5×
Gross margin	84.2%	86.5%	87.7%	88.9%	82.8%	75.1%
Operating margin	-219.4%	-266.5%	-270.9%	-125.6%	-109.1%	-213.5%
Net margin	-218.5%	-306.8%	-594.6%	-178.0%	-111.3%	-193.0%
Current ratio	2.05×	1.75×	0.13×	0.07×	0.34×	2.44×
Debt / equity	0.12×	0.23×	-0.16×	-0.11×	-0.53×	0.19×
Interest coverage	-105.85×	-23.8×	-1.24×	-8.08×	-80.43×	-54.43×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-229.5%	-398.6%	1042.4%	85.8%	366.7%	-226.7%
Return on invested capital	-204.7%	-281.6%	565.3%	67.8%	768.7%	-210.8%
Return on assets	-121.8%	-173.2%	-2870.8%	-322.8%	-398.2%	-133.6%
Free cash flow yield	-15.7%	-37.7%	-40.2%	-4.7%	-6.9%	-12.9%
Earnings yield	-18.9%	-50.7%	-87.0%	-9.5%	-9.4%	-11.5%
Enterprise value	$36.7M	$13M	$17M	$50.8M	$32.4M	$30.7M
Net debt / EBITDA	0.59×	0.41×	-0.02×	-0.08×	-0.04×	0.44×
Cash conversion cycle (days)	96	-524	-1,413	-1,873	-332	15