Propel Holdings Inc. (PRL.TO) 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

+273.5%

CA$99.05

vs CA$26.52 price

Levered DCF

CA$117.87

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.7

Safe 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	FY2018
P/E	11.72×	19.37×	12.87×	12.49×	44.9×	36.89×	133.26×	-1,262.86×
P/B	2.72×	4.27×	3.31×	2.31×	3.93×	32.19×	73.46×	124.45×
P/S	1.18×	2×	1.06×	0.83×	2.3×	3.68×	3.92×	4.22×
EV / EBITDA	7.83×	16.91×	12.4×	14.09×	30.86×	24.74×	62.02×	232.2×
Gross margin	46.6%	43.2%	41.7%	42.5%	52.8%	60.2%	52.7%	46.9%
Operating margin	19.3%	14.0%	12.0%	8.9%	6.3%	14.2%	4.3%	-0.1%
Net margin	10.1%	10.4%	8.8%	6.7%	5.1%	10.0%	2.9%	-0.3%
Current ratio	497.77×	0.28×	0.26×	0.21×	0.38×	0.26×	0.37×	0.53×
Debt / equity	1.3×	1.31×	1.99×	1.86×	0.66×	6.28×	9.15×	9.87×
Interest coverage	3.28×	1.97×	1.67×	1.99×	1.4×	2.31×	0.88×	-0.04×
Dividend yield	3.0%	1.6%	3.0%	5.3%	2.7%	1.0%	0.2%	0.7%
Payout ratio	34.7%	30.2%	36.5%	66.5%	123.0%	36.4%	29.4%	-869.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	23.2%	22.1%	27.4%	18.5%	8.7%	87.1%	55.2%	-9.8%
Return on invested capital	13.1%	9.2%	8.8%	6.4%	5.1%	10.9%	5.1%	-0.4%
Return on assets	9.0%	8.4%	8.1%	5.9%	4.4%	9.3%	3.9%	-0.6%
Free cash flow yield	-2.6%	-6.8%	-9.6%	-48.0%	-18.5%	-6.5%	-4.0%	-2.4%
Earnings yield	8.5%	5.2%	8.3%	8.0%	2.2%	2.7%	0.8%	-0.1%
Enterprise value	CA$974.9M	CA$1.2B	CA$523.4M	CA$332.6M	CA$338.7M	CA$318.5M	CA$292.5M	CA$266.2M
Net debt / EBITDA	2.12×	3.73×	4.45×	6.1×	3.9×	3.7×	5.7×	11.54×
Cash conversion cycle (days)	25	38	41	35	30	1	4	9