Scienture Holdings, Inc. (SCNX) 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

-69.0%

$1.00

vs $3.23 price

Levered DCF

$1.01

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-2.55

Distress zone

Rating

B-

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	FY2020	FY2019	FY2018
P/E	-0.19×	2.25×	-0.32×	-1.22×	-0.76×	-1.52×	-10.4×	297.22×
P/B	1.12×	0.26×	10.55×	5.54×	1.08×	0.44×	0.72×	3.18×
P/S	181.35×	149.45×	4.2×	0.41×	0.41×	0.22×	0.4×	0.7×
EV / EBITDA	-1.84×	-1.36×	-1.99×	-2.52×	-0.42×	0.6×	-7.96×	39.93×
Gross margin	76.8%	4.4%	3.6%	53.8%	48.0%	33.3%	65.5%	88.3%
Operating margin	-3763.8%	-10758.7%	-322.4%	-28.4%	-53.5%	-14.6%	1.7%	-2.3%
Net margin	-9618.0%	6634.7%	-1308.3%	-33.9%	-53.8%	-14.8%	-3.8%	0.2%
Current ratio	2.89×	0.8×	0.24×	0.98×	4.72×	10.95×	7.3×	1.7×
Debt / equity	0×	0.04×	12.47×	2.08×	0.33×	0.07×	0.24×	1×
Interest coverage	-3.98×	-11.01×	-3.85×	-8.67×	-224.34×	-85.29×	2.35×	-1.52×
Dividend yield	0.0%	72.8%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	163.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-59.2%	11.5%	-3290.0%	-455.0%	-141.0%	-29.2%	-6.9%	1.1%
Return on invested capital	-19.0%	-14.3%	-58.3%	-151.3%	-105.5%	-26.9%	2.4%	-5.2%
Return on assets	-49.3%	8.6%	-142.4%	-93.6%	-92.2%	-25.9%	-5.1%	0.4%
Free cash flow yield	-17.1%	-69.9%	-38.9%	-37.0%	-63.7%	-58.5%	2.0%	9.6%
Earnings yield	-53.0%	44.4%	-311.8%	-82.1%	-130.8%	-65.9%	-9.6%	0.3%
Enterprise value	$71.6M	$23.6M	$12.5M	$4.7M	$2.2M	-$1.4M	$1.1M	$2.7M
Net debt / EBITDA	0.17×	-0.19×	-1.08×	-0.26×	0.36×	2.2×	13.73×	-0.38×
Cash conversion cycle (days)	-3,865	6,459	270	-13	6	72	-1	-219