Power & Infrastructure Split Corp. Class A (PWI.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

+847.9%

CA$96.40

vs CA$10.17 price

Levered DCF

CA$14.43

After debt service

Piotroski score

—

Altman Z-score

—

Rating

A+

Overall 5 / 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	3.94×	2.29×	6.29×	-2.87×	9.97×
P/B	0.98×	0.98×	0.92×	1.1×	0.98×
P/S	3.58×	5.39×	14,064.08×	9,562.24×	460,838.31×
EV / EBITDA	3.86×	1.99×	3.86×	-28.66×	-21.41×
Gross margin	94.5%	90.9%	-32158.1%	-17755.7%	-453056.5%
Operating margin	91.8%	85.4%	-51691.5%	-33053.2%	-2127133.3%
Net margin	90.8%	265.7%	348529.2%	-333570.6%	6043634.8%
Current ratio	2.03×	1.9×	1.63×	1.61×	1.98×
Debt / equity	0×	0×	0×	0×	0×
Interest coverage	0×	41,765.4×	-3,316.69×	-6,697.62×	-3,553.81×
Dividend yield	9.9%	9.4%	13.0%	10.5%	4.1%
Payout ratio	39.1%	19.2%	52.4%	-30.2%	30.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	24.9%	48.1%	22.7%	-38.3%	12.8%
Return on invested capital	24.8%	15.3%	-3.3%	-3.8%	-4.4%
Return on assets	12.6%	22.7%	8.8%	-14.6%	6.3%
Free cash flow yield	10.5%	27.6%	26.1%	-26.7%	-193.0%
Earnings yield	25.4%	49.3%	24.8%	-34.9%	13.1%
Enterprise value	CA$33.3M	CA$29.7M	CA$20.7M	CA$25.5M	CA$31.4M
Net debt / EBITDA	-0.02×	-0.02×	-0.06×	0.27×	0.25×
Cash conversion cycle (days)	-37	-35	43,981	23,748	671,715