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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
+50.1%
CA$0.50
vs CA$0.33 price
Levered DCF
CA$0.49
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-3.9
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E0.66×-1.38×-1.01×-2.24×-5.05×14.46×3.59×-1.85×
P/B0.9×-1.16×-80.82×2.28×2.02×2.77×1.56×2.09×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-0.28×0.07×-0.17×-0.61×-1.99×8.83×-1.7×-1.68×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio21.49×0.5×0.85×16.73×20.25×13.97×6.9×2.62×
Debt / equity0×-0×-0.33×0.01×0×0.01×0.02×0×
Interest coverage0×0×0×0×0×0×0×0×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity136.5%83.9%8023.3%-101.5%-40.0%19.1%43.5%-113.0%
Return on invested capital57.2%94.3%10808.6%-89.3%-45.8%-17.9%-50.9%-91.4%
Return on assets104.5%-52.1%-101.0%-60.6%-35.6%17.9%36.2%-94.1%
Free cash flow yield-80.2%-77.3%-76.4%-46.2%-20.3%-6.3%-47.9%-46.3%
Earnings yield152.1%-72.6%-99.3%-44.6%-19.8%6.9%27.9%-54.0%
Enterprise value-CA$2.7M-CA$422.7KCA$2.4MCA$13.9MCA$28.6MCA$46.9MCA$8.8MCA$12M
Net debt / EBITDA-1.52×1.47×0.85×0.75×1.57×-3.18×0.89×0.39×
Cash conversion cycle (days)-670-758-768-1,602-4,335-3,405-5,961-1,926