Stablecoin Development Corp. (SDEV) 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

+23.4%

$1.19

vs $0.97 price

Levered DCF

$1.23

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.04

Safe zone

Rating

A-

Overall 4 / 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	-0.01×	-0.1×	-0×	-0×	-0×	-0×	-0×	-0×
P/B	-0.32×	-6.53×	0.01×	0×	0×	0×	0×	0×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-0×	-0.3×	0.08×	0.46×	0.79×	1.8×	0.31×	0.42×
Gross margin	0.0%	0.0%	58.2%	54.0%	63.8%	60.0%	73.7%	88.0%
Operating margin	0.0%	0.0%	-39.2%	-53.3%	-86.8%	-64.7%	-140.0%	-62.9%
Net margin	0.0%	0.0%	-58.8%	-73.6%	-57.1%	-111.1%	-146.4%	-52.3%
Current ratio	7.39×	0.68×	1.67×	2.66×	3.83×	5.03×	1.65×	2.24×
Debt / equity	-0.03×	-12.96×	0.79×	0.19×	0.05×	0.04×	4.16×	0×
Interest coverage	-27.38×	-8.16×	-2.42×	0×	0×	-23.36×	-8.77×	0×
Dividend yield	66.7%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	-0.8%	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	2812.5%	5599.2%	-185.4%	-100.5%	-57.3%	-89.6%	-992.6%	-132.1%
Return on invested capital	-75.9%	-16.8%	-8.6%	-61.0%	-42.5%	-14.0%	-101.8%	-142.7%
Return on assets	-6030.2%	-15.7%	-12.2%	-64.7%	-24.3%	-22.9%	-86.1%	-69.9%
Free cash flow yield	-116.8%	-890.4%	-14381.7%	-59315.7%	-104629.3%	-67885.0%	-187038.3%	-163859.8%
Earnings yield	-8895.6%	-857.9%	-20648.5%	-92997.5%	-65919.6%	-155473.6%	-220456.0%	-191101.6%
Enterprise value	$34.8K	$2.1M	-$281.2K	-$3.3M	-$6.9M	-$11.4M	-$2.9M	-$3.2M
Net debt / EBITDA	0.96×	-0.18×	0.08×	0.46×	0.8×	1.8×	0.32×	0.42×
Cash conversion cycle (days)	-670	-117	-10	180	275	69	93	36