Quantum Cyber N.V. (QUCY) 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

-222.7%

-$0.95

vs $0.77 price

Levered DCF

-$1.54

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-4.94

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
P/E	-0.3×	-0.04×	-0.01×	-0.01×	-0.01×
P/B	7.48×	0.13×	0.1×	0.02×	0.02×
P/S	8.93×	0.88×	0.36×	0.53×	0.25×
EV / EBITDA	-0.43×	0.1×	-0.03×	0.53×	0.53×
Gross margin	72.6%	64.3%	56.9%	34.4%	30.8%
Operating margin	-2414.0%	-2091.2%	-2975.5%	-4990.6%	-1684.4%
Net margin	-3018.3%	-2421.8%	-2936.5%	-4979.9%	-2024.8%
Current ratio	0.5×	1.3×	0.97×	4.33×	7.11×
Debt / equity	4.01×	0.58×	2.28×	0.23×	0.41×
Interest coverage	-34.72×	-17.39×	-47.62×	-91.4×	-28.67×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-2526.6%	-361.0%	-809.3%	-187.2%	-183.8%
Return on invested capital	-403.5%	-189.3%	-233.8%	-152.6%	-108.8%
Return on assets	-304.3%	-160.4%	-170.7%	-130.4%	-116.4%
Free cash flow yield	-250.8%	-2199.5%	-7338.1%	-5448.7%	-2244.5%
Earnings yield	-337.9%	-2745.5%	-8094.8%	-9319.2%	-8105.9%
Enterprise value	$6.5M	-$1.9M	$674.7K	-$13.6M	-$6M
Net debt / EBITDA	-0.11×	0.14×	-0.01×	0.54×	0.55×
Cash conversion cycle (days)	-406	-1,012	-1,476	-1,037	-689