Pyxis Tankers Inc. (PXS) 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

-409.7%

-$20.13

vs $6.50 price

Levered DCF

-$40.79

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.23

Distress zone

Rating

Overall 4 / 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	14.79×	4.32×	1.23×	4.08×	-1.18×	-1.82×	-1.7×	-2.54×
P/B	0.31×	0.44×	0.46×	0.83×	0.38×	0.71×	0.75×	0.52×
P/S	0.75×	0.8×	0.98×	0.88×	0.73×	0.97×	0.87×	0.73×
EV / EBITDA	5.75×	4.08×	1.48×	4.78×	-21.18×	36.23×	31.05×	65.79×
Gross margin	35.6%	54.8%	59.6%	38.4%	-6.3%	9.9%	16.4%	14.0%
Operating margin	15.2%	32.4%	92.1%	29.7%	-33.6%	-10.5%	0.8%	-28.2%
Net margin	5.1%	25.0%	81.5%	23.0%	-61.7%	-53.1%	-50.8%	-28.9%
Current ratio	4.45×	3.76×	6.04×	1.68×	0.84×	0.65×	0.76×	0.32×
Debt / equity	0.92×	0.91×	0.63×	1.15×	1.69×	1.98×	1.98×	1.69×
Interest coverage	1.02×	2.67×	7.18×	3.9×	-2.59×	-0.46×	0.04×	-1.78×
Dividend yield	0.0%	19.5%	1.8%	1.7%	2.9%	0.3%	0.0%	0.0%
Payout ratio	0.0%	62.8%	2.2%	6.5%	-3.4%	-0.6%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.1%	13.8%	38.4%	21.8%	-32.0%	-39.0%	-44.1%	-20.6%
Return on invested capital	3.1%	9.1%	25.9%	13.1%	-6.5%	-2.6%	0.2%	-7.5%
Return on assets	1.0%	6.8%	22.3%	9.6%	-11.0%	-12.4%	-13.0%	-7.0%
Free cash flow yield	44.1%	-63.6%	-23.7%	9.2%	-239.2%	-64.5%	21.4%	-11.0%
Earnings yield	6.8%	31.1%	83.0%	26.2%	-84.8%	-54.7%	-58.6%	-39.4%
Enterprise value	$81M	$104.6M	$71M	$114.5M	$94.8M	$78M	$85.8M	$87.8M
Net debt / EBITDA	3.67×	2.47×	0.55×	2.65×	-17.06×	26.45×	22.34×	50.16×
Cash conversion cycle (days)	5	34	27	62	4	-5	-47	-26