Paramount Gold Nevada Corp. (PZG) 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

-102.6%

-$0.02

vs $0.90 price

Levered DCF

-$0.02

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-1.36

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	6×	-4.72×	-3.3×	-2.42×	-2.44×	-5.71×	-4.59×	-3.48×
P/B	2.72×	1.24×	0.67×	0.36×	0.4×	0.73×	0.73×	0.44×
P/S	0×	0×	0×	0×	0×	0×	0×	51.66×
EV / EBITDA	-11.3×	-7.06×	-4.63×	-3.38×	-2.85×	-6.51×	-5.64×	-3.49×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	99.3%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-1488.7%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-1491.0%
Current ratio	3.08×	4.1×	9.86×	0.25×	4.97×	4.49×	5.44×	0.75×
Debt / equity	0.35×	0.35×	0.3×	0.14×	0.09×	0.09×	0.11×	0×
Interest coverage	-1.96×	-4.11×	-7.29×	-13.41×	-18.78×	-13.18×	-17.44×	-628.69×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	45.9%	-27.0%	-21.1%	-15.1%	-16.9%	-12.5%	-13.7%	-12.6%
Return on invested capital	-5.8%	-13.4%	-15.2%	-12.1%	-13.6%	-11.0%	-12.8%	-12.4%
Return on assets	25.6%	-17.3%	-14.3%	-11.9%	-14.0%	-10.9%	-11.9%	-12.1%
Free cash flow yield	-8.0%	-15.5%	-21.4%	-34.8%	-36.2%	-17.5%	-15.1%	-27.2%
Earnings yield	16.9%	-21.8%	-31.4%	-42.1%	-42.1%	-17.1%	-18.8%	-28.9%
Enterprise value	$94.1M	$51.8M	$31.7M	$20.4M	$20.4M	$35.5M	$34.1M	$20.2M
Net debt / EBITDA	-0.22×	-1.4×	-0.88×	-0.83×	-0.24×	-0.19×	0.02×	0.08×
Cash conversion cycle (days)	0	-265	-67	-1	-1	-3,729	-3,476	0