Onconetix, Inc. (ONCO) 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

+153.6%

$1.38

vs $0.54 price

Levered DCF

$1.37

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-13.08

Distress zone

Rating

Overall 3 / 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
P/E	-16.49×	-5.14×	-1,344.86×	-600,458.72×	-110,170,967.74×	-243,950,000×	-459,045,698.92×
P/B	16.24×	31.5×	-105.82×	105.51×	76,710.73×	23,441.78×	18,499.6×
P/S	313.95×	119.92×	10,139.74×	0×	0×	0×	0×
EV / EBITDA	-18.91×	-5.41×	-16.3×	-174.19×	-32,518.06×	-69,508.25×	-135,098.32×
Gross margin	77.6%	41.8%	-1927.9%	0.0%	0.0%	0.0%	0.0%
Operating margin	-778.2%	-2238.0%	-61634.5%	0.0%	0.0%	0.0%	0.0%
Net margin	-1721.0%	-2325.2%	-63986.5%	0.0%	0.0%	0.0%	0.0%
Current ratio	0.66×	0.05×	0.34×	6.69×	1.88×	66.94×	79.98×
Debt / equity	0×	0.98×	-1.76×	0×	0×	0×	0×
Interest coverage	-8.45×	-40.13×	-53.65×	0×	0×	0×	0×
Dividend yield	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	-0.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-89.0%	-610.7%	667.8%	-59.9%	-236.2%	-33.8%	-13.7%
Return on invested capital	-40.1%	-287.0%	-45.0%	-60.2%	-236.2%	-34.2%	-14.7%
Return on assets	-56.3%	-208.3%	-42.7%	-51.0%	-110.8%	-33.2%	-13.5%
Free cash flow yield	-3.8%	-3.5%	-2.3%	-0.4%	-0.0%	-0.0%	-0.0%
Earnings yield	-5.5%	-19.4%	-6.3%	-0.6%	-0.0%	-0.0%	-0.0%
Enterprise value	$250.8M	$311.5M	$598.2M	$2.3B	$111B	$111B	$111B
Net debt / EBITDA	0.39×	-0.15×	-0.15×	1.92×	0.57×	2.7×	7.37×
Cash conversion cycle (days)	-3,083	-911	-583	-81,049	-43,487	-8,202	-11,706