SCYNEXIS, Inc. (SCYX) 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

-706.6%

-$23.11

vs $3.81 price

Levered DCF

-$32.04

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-5.05

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	FY2020	FY2019	FY2018
P/E	-3.67×	-2.76×	1.59×	-1.06×	-4.89×	-1.49×	-0.95×	-1.7×
P/B	0.64×	1.07×	1.46×	20.56×	3.9×	3.6×	3.96×	0.68×
P/S	1.53×	15.67×	0.76×	13.06×	12.23×	0×	421.77×	82.3×
EV / EBITDA	-1.54×	-3.17×	1.24×	-1.15×	-3.04×	-0.16×	-0.47×	-1.45×
Gross margin	100.0%	100.0%	88.9%	87.7%	97.6%	0.0%	100.0%	100.0%
Operating margin	-78.0%	-990.8%	51.9%	-1684.5%	-462.2%	0.0%	-40430.6%	-11666.5%
Net margin	-41.8%	-568.3%	47.8%	-1233.7%	-249.7%	0.0%	-44388.4%	-4851.4%
Current ratio	7.04×	3×	6.26×	4.49×	8.03×	3.72×	4.76×	8.76×
Debt / equity	0.04×	0.3×	0.21×	15.03×	1.06×	0.87×	1.15×	0.48×
Interest coverage	-92.91×	-14.53×	11.87×	-12.64×	-15.35×	-43.31×	-22.68×	-14.6×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-17.4%	-38.7%	91.9%	-1942.7%	-79.7%	-242.5%	-416.5%	-39.9%
Return on invested capital	-29.9%	-46.0%	64.5%	-113.2%	-52.3%	-63.5%	-105.9%	-41.2%
Return on assets	-14.6%	-23.5%	52.2%	-71.5%	-27.4%	-53.8%	-94.0%	-23.4%
Free cash flow yield	-16.7%	-40.9%	56.4%	-120.2%	-34.6%	-60.2%	-74.7%	-136.6%
Earnings yield	-27.3%	-36.3%	62.8%	-94.5%	-20.4%	-67.3%	-105.2%	-58.9%
Enterprise value	$12.5M	$58.9M	$87.7M	$69.3M	$100.1M	$8.8M	$24M	$24.8M
Net debt / EBITDA	2.35×	-0.01×	-0.27×	-0.05×	1.85×	1.31×	0.53×	-0.21×
Cash conversion cycle (days)	0	1,000	-110	-2,778	-8,616	-5,588	0	9,561