Neostellar Capital Corp. (NSLR) 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

+249.8%

$21.01

vs $6.01 price

Levered DCF

-$41.36

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.04

Distress zone

Rating

A-

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	4.7×	-3.68×	20.74×	-0.86×	2.28×	3.11×	5.28×	120.55×
P/B	1.11×	0.89×	0.51×	0.54×	0.95×	0.92×	0.69×	0.55×
P/S	6.55×	30.07×	15.66×	33.01×	234.79×	151.86×	92.28×	66.52×
EV / EBITDA	4.64×	-5.08×	29.38×	-1.11×	1.5×	3.57×	5.51×	132.19×
Gross margin	100.0%	-520.9%	306.9%	-3439.0%	10727.2%	4902.5%	2429.6%	1.0%
Operating margin	153.9%	-815.8%	76.8%	-3824.4%	9999.2%	4130.1%	1601.5%	55.1%
Net margin	139.9%	-815.8%	76.8%	-3824.4%	9999.2%	4130.1%	1601.5%	55.1%
Current ratio	52.79×	26.81×	58.76×	41.4×	8.25×	0.34×	0.97×	0.33×
Debt / equity	0.34×	0.46×	0.36×	0.35×	0.2×	0.12×	0.19×	0.2×
Interest coverage	10.56×	-7.87×	1.04×	-27.28×	212.06×	33.52×	10.1×	0.2×
Dividend yield	5.2%	0.1%	0.1%	23.3%	30.0%	5.3%	2.5%	0.0%
Payout ratio	24.5%	-0.4%	2.8%	-20.1%	70.3%	19.5%	14.7%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	23.8%	-24.2%	2.5%	-62.9%	40.3%	25.0%	12.0%	0.5%
Return on invested capital	19.5%	-16.5%	1.8%	-46.6%	33.6%	22.2%	10.0%	0.4%
Return on assets	17.7%	-16.5%	1.8%	-46.5%	31.8%	15.7%	8.3%	0.3%
Free cash flow yield	15.0%	1.7%	-10.0%	-10.4%	-41.1%	27.6%	-39.9%	8.9%
Earnings yield	21.3%	-27.1%	4.9%	-115.9%	42.6%	27.2%	17.4%	0.8%
Enterprise value	$249.4M	$193.8M	$148.9M	$147.4M	$219.9M	$268.6M	$132M	$117.9M
Net debt / EBITDA	0.39×	-1.4×	8.99×	-0.25×	-0.85×	-0.11×	-0.25×	11.49×
Cash conversion cycle (days)	-67	4	-13	5	-12,321	-22,507	-7,372	-6,642