New Tech Capital S.A. (NTC.WA) 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

-83.7%

PLN 0.10

vs PLN 0.59 price

Levered DCF

-PLN 0.03

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-1.47

Distress zone

Rating

C+

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	-0.9×	1.4×	1,650×	-2.35×	388.24×	1.11×	-0.41×	-1.05×
P/B	0.4×	0.46×	0.58×	1.36×	6.05×	0.3×	0.44×	0.38×
P/S	-208.73×	0×	9.1×	242.73×	14.71×	7.06×	88.42×	23.27×
EV / EBITDA	-0.73×	0.96×	1.27×	-15.08×	-631.56×	1.74×	-0.69×	-1.24×
Gross margin	123.0%	0.0%	-5.9%	-133.0%	-5.8%	-57.6%	-636.1%	41.9%
Operating margin	3897.9%	0.0%	650.4%	-12325.5%	-3.4%	733.0%	-21819.6%	-2366.3%
Net margin	23225.2%	0.0%	748.7%	-10302.5%	3.8%	643.1%	-25359.2%	-2208.4%
Current ratio	34.82×	1.68×	0.06×	0.05×	0.19×	0.22×	0.23×	0.86×
Debt / equity	0.03×	0.02×	0.03×	0.08×	0.06×	0.21×	0.31×	0.1×
Interest coverage	0×	0×	0×	-1,469.97×	-1.06×	0×	0×	-511.37×
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	-44.4%	32.6%	47.9%	-57.6%	1.6%	27.3%	-124.9%	-36.2%
Return on invested capital	-2.1%	-7.7%	31.1%	-49.8%	0.8%	21.3%	0.1%	-29.0%
Return on assets	-15.5%	22.8%	31.7%	-31.4%	1.0%	13.7%	-41.4%	-23.4%
Free cash flow yield	-0.3%	0.3%	0.1%	-1.8%	-1.5%	-14.7%	-14.0%	-14.4%
Earnings yield	-111.3%	71.2%	82.3%	-42.4%	0.3%	91.1%	-286.8%	-94.9%
Enterprise value	PLN 7M	PLN 11.5M	PLN 10M	PLN 14.3M	PLN 96.2M	PLN 7.6M	PLN 7.5M	PLN 15.2M
Net debt / EBITDA	-0.04×	0.03×	0.06×	-0.75×	-4.88×	0.71×	-0.29×	-0.24×
Cash conversion cycle (days)	-23,137	-1,610,803	-1,443,203	1,423	63	334	5,834	928