Our Bond, Inc. (OBAI) 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

-3345.5%

-$74.81

vs $2.31 price

Levered DCF

-$40.28

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-34.21

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
P/E	-25×	-5.07×	-1.83×
P/B	-23.36×	-3.38×	-1.64×
P/S	26.41×	5.73×	3.12×
EV / EBITDA	-29.43×	-7.33×	-4.14×
Gross margin	5.7%	6.7%	14.8%
Operating margin	-92.8%	-98.4%	-118.8%
Net margin	-105.8%	-113.2%	-170.4%
Current ratio	0.3×	0.47×	0.64×
Debt / equity	-0.71×	-0.89×	-0.94×
Interest coverage	-7.33×	-7.15×	-2.16×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	-0.8%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	93.6%	66.7%	89.6%
Return on invested capital	280.6%	522.2%	1076.3%
Return on assets	-421.8%	-315.0%	-262.4%
Free cash flow yield	-2.6%	-14.7%	-31.6%
Earnings yield	-4.0%	-19.7%	-54.7%
Enterprise value	$270.7M	$69.8M	$33.9M
Net debt / EBITDA	-0.8×	-1.46×	-1.4×
Cash conversion cycle (days)	-42	-9	-45