NextBoat Inc. (NXB) 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

-168.3%

-$1.07

vs $1.57 price

Levered DCF

-$3.41

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

1.43

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023
P/E	-34.27×	53.83×	41.2×
P/B	5.42×	55.2×	-213.84×
P/S	0.54×	0.54×	0.58×
EV / EBITDA	147.31×	26.41×	20.5×
Gross margin	4.5%	8.9%	10.0%
Operating margin	0.4%	2.7%	3.3%
Net margin	-1.6%	1.0%	1.4%
Current ratio	1.29×	0.98×	0.9×
Debt / equity	2.71×	26.17×	-59.98×
Interest coverage	0.2×	1.65×	1.81×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	-15.8%	102.5%	-518.8%
Return on invested capital	1.0%	10.2%	20.6%
Return on assets	-3.9%	3.1%	6.4%
Free cash flow yield	-2.3%	-13.4%	-8.4%
Earnings yield	-2.9%	1.9%	2.4%
Enterprise value	$83.7M	$75.8M	$66.7M
Net debt / EBITDA	34.47×	7.8×	4.09×
Cash conversion cycle (days)	79	88	59