Pulse Oil Corp. (PUL.V) 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

-745.1%

-CA$0.06

vs CA$0.01 price

Levered DCF

-CA$0.04

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.18

Distress zone

Rating

C+

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	FY2019	FY2018
P/E	-2.86×	-2.17×	-10.61×	20.83×	13.64×	-1.15×	-4.2×	666.67×
P/B	0.28×	0.38×	0.74×	1.25×	0.81×	0.31×	0.88×	1.77×
P/S	2.09×	1.74×	6.08×	5.73×	3.68×	3.77×	5.9×	11.38×
EV / EBITDA	146.06×	-3.38×	-498.88×	9.96×	5.33×	-1.48×	-6.63×	41.48×
Gross margin	-26.1%	53.2%	39.6%	34.6%	14.5%	-102.4%	43.1%	81.1%
Operating margin	-38.4%	3.5%	-20.5%	24.3%	2.4%	-114.9%	-39.1%	3.6%
Net margin	-72.3%	-79.6%	-56.9%	27.6%	26.6%	-328.9%	-140.2%	1.7%
Current ratio	0.31×	0.97×	0.85×	2.74×	0.3×	0.09×	0.38×	2.92×
Debt / equity	0.15×	0×	0×	0×	0.04×	0.01×	0×	0×
Interest coverage	-2.95×	18.62×	-41.05×	16.8×	3.72×	-371.43×	-684.88×	47×
Dividend yield	0.0%	0.0%	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%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-9.7%	-17.5%	-6.9%	6.0%	5.9%	-27.1%	-20.8%	0.3%
Return on invested capital	-4.0%	0.7%	-2.3%	4.8%	0.3%	-7.5%	-4.9%	-1.4%
Return on assets	-7.1%	-14.5%	-5.9%	4.9%	4.1%	-18.4%	-15.9%	0.2%
Free cash flow yield	-42.1%	21.1%	-14.4%	-7.8%	-13.7%	-4.1%	-82.6%	-2.6%
Earnings yield	-34.6%	-45.8%	-9.4%	4.8%	7.2%	-87.3%	-23.8%	0.2%
Enterprise value	CA$9.5M	CA$8.3M	CA$18M	CA$28.6M	CA$11.8M	CA$3.7M	CA$12.7M	CA$20.1M
Net debt / EBITDA	50.02×	0.44×	2.99×	-1.45×	0.17×	-0.01×	0.2×	-21.23×
Cash conversion cycle (days)	-71	-268	-299	-597	-416	-999	-352	-2,084