Sera Prognostics, Inc. (SERA) 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

-100.5%

-$0.01

vs $1.99 price

Levered DCF

-$0.03

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-4.57

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
P/E	-4.4×	-8.22×	-5.16×	-0.88×	-5.82×	-10×	-10.53×
P/B	1.86×	5.65×	2.66×	0.39×	1.53×	73.29×	19.67×
P/S	1,735.84×	3,505.16×	609.74×	145.48×	2,578.27×	8,619.16×	5,985.53×
EV / EBITDA	-4.49×	-8.32×	-5.23×	-0.28×	-4.54×	-12.3×	-14.95×
Gross margin	-102.5%	-6.5%	31.4%	28.0%	54.9%	56.0%	50.0%
Operating margin	-45066.7%	-47577.9%	-13013.4%	-17034.3%	-43164.6%	-71884.0%	-46044.4%
Net margin	-39417.3%	-42724.7%	-11843.8%	-16487.3%	-42693.9%	-79392.0%	-45891.7%
Current ratio	1.69×	1.92×	2.51×	5.8×	13.11×	1.22×	3.65×
Debt / equity	0.03×	0.02×	0.03×	0.03×	0×	2.92×	0.85×
Interest coverage	-4,056×	-1,308.39×	-724.02×	-748.39×	-47.45×	-9.77×	-8.41×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-42.3%	-68.8%	-51.7%	-44.7%	-25.3%	-675.1%	-150.8%
Return on invested capital	-47.0%	-75.3%	-55.3%	-44.9%	-25.5%	-154.2%	-78.6%
Return on assets	-31.3%	-45.3%	-38.0%	-38.0%	-23.8%	-134.1%	-71.0%
Free cash flow yield	-18.7%	-5.7%	-14.6%	-90.8%	-15.6%	-7.9%	-9.0%
Earnings yield	-22.7%	-12.2%	-19.4%	-113.3%	-16.6%	-9.2%	-7.7%
Enterprise value	$139M	$266.7M	$184.6M	$11.9M	$152.6M	$210.5M	$203.4M
Net debt / EBITDA	0.05×	0.1×	0.06×	0.62×	1.75×	0.29×	0.89×
Cash conversion cycle (days)	-1,864	-8,603	11,863	5,398	2,182	-14,604	-15,158