Syntec Optics Holdings, Inc. (OPTX) 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

-92.5%

$0.39

vs $5.27 price

Levered DCF

-$0.41

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

18.54

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	-57.2×	-36×	74.96×	-724.64×	57.88×
P/B	11.07×	8.09×	11.35×	33.41×	1.33×
P/S	3.76×	3.14×	5.04×	11.35×	7.09×
EV / EBITDA	56.62×	186.57×	33.11×	112.73×	27.74×
Gross margin	23.3%	20.0%	26.9%	22.0%	24.8%
Operating margin	-1.8%	-9.1%	5.2%	-1.9%	5.4%
Net margin	-6.4%	-8.7%	6.7%	-1.6%	12.2%
Current ratio	1.35×	1.31×	1.33×	1.14×	3.27×
Debt / equity	1.17×	1.03×	0.68×	1.06×	0×
Interest coverage	-0.65×	-3.37×	2.35×	-1.57×	7.33×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.0%
Payout ratio	0.0%	0.0%	3.1%	-64.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-18.8%	-22.5%	15.1%	-4.6%	2.3%
Return on invested capital	-2.5%	-8.7%	6.5%	-1.8%	0.9%
Return on assets	-7.4%	-8.9%	7.0%	-1.9%	2.2%
Free cash flow yield	0.0%	-2.4%	0.6%	0.2%	-0.1%
Earnings yield	-1.7%	-2.8%	1.3%	-0.1%	1.7%
Enterprise value	$116.4M	$100.1M	$155M	$325.5M	$188.1M
Net debt / EBITDA	5.26×	20.16×	1.45×	3.28×	-0.07×
Cash conversion cycle (days)	169	142	132	132	0