Rezolute, Inc. (RZLT) 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

-98.6%

$0.05

vs $3.88 price

Levered DCF

$0.09

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

11.27

Safe zone

Rating

Overall 2 / 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	-6.93×	-4.55×	-3.24×	-1.96×	-1.43×	-5.25×	-1.31×	-0.58×
P/B	5.37×	2.09×	1.83×	0.87×	0.39×	4.19×	3.63×	10.04×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-6.4×	-3.31×	-2.25×	-1.7×	2.33×	-4.04×	-0.85×	-0.24×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	9.44×	14.37×	13.39×	20.18×	61.78×	21.34×	3.26×	1.45×
Debt / equity	0.01×	0.01×	0.02×	0.02×	0×	0.55×	0.06×	0.01×
Interest coverage	0×	0×	0×	0×	-23.16×	-61.05×	0×	-5.23×
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	-77.1%	-45.9%	-56.6%	-44.6%	-27.5%	-80.1%	-276.1%	-1736.1%
Return on invested capital	-81.3%	-48.7%	-56.9%	-47.0%	-27.9%	-56.0%	-257.0%	-667.5%
Return on assets	-68.8%	-42.4%	-51.6%	-41.9%	-26.9%	-49.1%	-185.4%	-248.3%
Free cash flow yield	-12.0%	-20.4%	-25.9%	-44.0%	-67.4%	-18.7%	-90.4%	-87.2%
Earnings yield	-14.4%	-22.0%	-30.9%	-51.1%	-69.9%	-19.1%	-76.0%	-172.9%
Enterprise value	$530.6M	$246.5M	$153.6M	$87.8M	-$91.4M	$82.8M	$17.2M	$6M
Net debt / EBITDA	0.12×	1.24×	1×	0.26×	3.83×	1.3×	0.47×	0.45×
Cash conversion cycle (days)	-59,177	0	0	0	0	-29,060	-18,108	-4,281