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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
-48.6%
CA$0.07
vs CA$0.14 price
Levered DCF
CA$0.06
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
4.45
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-5.46×-3.24×-2.41×-1.9×-3.42×-9.28×-3.19×-1.67×
P/B3.03×4.52×3.56×1.94×3.4×4.01×3.71×2.26×
P/S0×0×0×0×0×0×0×-144.35×
EV / EBITDA-3.52×-2.85×-3.25×-1.74×-3.24×-4.49×-3.82×-1.69×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%128.3%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%8564.5%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%8664.9%
Current ratio9.36×2.83×0.34×1.93×2.82×5.78×7.6×0.45×
Debt / equity0×0.05×0.75×0.4×0.38×0.23×0.15×0.05×
Interest coverage-388.68×-13.04×-3.44×-7.08×-8.17×-16.58×-15.81×-267.68×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-55.5%-139.4%-147.6%-102.5%-96.3%-43.2%-116.0%-135.7%
Return on invested capital-60.6%-89.3%-34.8%-65.7%-59.4%-68.4%-40.3%-127.4%
Return on assets-49.7%-102.4%-68.1%-64.7%-60.9%-31.3%-68.9%-111.5%
Free cash flow yield-14.1%-7.9%-26.2%-35.8%-22.0%-16.7%-16.3%-39.9%
Earnings yield-18.3%-30.8%-41.5%-52.9%-28.3%-10.8%-31.2%-60.0%
Enterprise valueCA$16.6MCA$11.1MCA$10MCA$7.6MCA$13.1MCA$17.3MCA$16.1MCA$9.6M
Net debt / EBITDA1.48×0.95×-0.5×-0.16×-0.22×-0.05×0.62×-0×
Cash conversion cycle (days)00-19,151-7,147-4,868-2,319-6,563-9,130