Palladyne AI Corp. (PDYN) 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

-110.0%

-$0.33

vs $3.34 price

Levered DCF

-$0.93

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-3.76

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	FY2022	FY2021	FY2020
P/E	16.38×	-4.43×	-0.15×	-0.52×	-13.86×	-45.12×
P/B	2.22×	-34.46×	0.42×	0.57×	5.28×	28.78×
P/S	31.54×	42.19×	2.81×	5.66×	222.58×	107.45×
EV / EBITDA	18.39×	-11.73×	-0.08×	-0.59×	-11.27×	-44.59×
Gross margin	48.7%	55.2%	18.0%	20.3%	23.8%	36.4%
Operating margin	-617.7%	-345.8%	-1968.0%	-1215.2%	-1595.9%	-238.3%
Net margin	191.4%	-932.7%	-1880.8%	-1078.5%	-1606.1%	-237.4%
Current ratio	9.28×	9.64×	5.33×	12.26×	37.06×	10.22×
Debt / equity	0.14×	-1.16×	0.3×	0.09×	0×	0.08×
Interest coverage	0×	0×	0×	0×	-2,382.09×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	13.4%	761.7%	-282.6%	-108.8%	-38.1%	-63.6%
Return on invested capital	-35.6%	-50.9%	-226.8%	-109.4%	-35.3%	-58.6%
Return on assets	10.5%	-129.1%	-191.3%	-93.7%	-34.6%	-55.0%
Free cash flow yield	-17.1%	-7.0%	-447.9%	-81.1%	-4.1%	-1.9%
Earnings yield	6.1%	-22.1%	-668.9%	-190.5%	-7.2%	-2.2%
Enterprise value	$158M	$308.4M	$6.5M	$60.6M	$912.5M	$915.9M
Net debt / EBITDA	-0.87×	0.77×	0.14×	0.21×	2.68×	1.51×
Cash conversion cycle (days)	147	23	137	149	9	35