SHF Holdings, Inc. (SHFS) 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

+58486.0%

$27.07

vs $0.05 price

Levered DCF

$24.75

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-12.11

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	-1.29×	-6.2×	-41.97×	-11.51×	872.49×	36.12×
P/B	0.38×	-24.4×	21.12×	79.1×	390.77×	42.47×
P/S	0.4×	16.29×	35.77×	-12.64×	409.37×	23×
EV / EBITDA	0.55×	-82.54×	-41.47×	-10.29×	870.34×	35.52×
Gross margin	56.6%	104.7%	93.2%	103.8%	100.0%	99.8%
Operating margin	-70.4%	-24.2%	-94.2%	138.7%	46.9%	63.6%
Net margin	-28.2%	-262.5%	-85.2%	109.8%	46.9%	63.6%
Current ratio	1.88×	0.86×	1.63×	0.21×	33.24×	14.71×
Debt / equity	0.09×	-0.97×	0.44×	11.46×	0×	0×
Interest coverage	-10.96×	-8.36×	-17.46×	-62.93×	0×	2,037.16×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-26.2%	393.2%	-50.3%	-687.0%	44.8%	117.5%
Return on invested capital	-48.3%	-53.5%	-27.4%	-46.3%	44.8%	117.6%
Return on assets	-12.6%	-365.6%	-25.5%	-35.3%	43.7%	111.8%
Free cash flow yield	-110.4%	0.1%	-0.1%	0.4%	0.1%	2.7%
Earnings yield	-69.8%	-16.1%	-2.4%	-8.7%	0.1%	2.8%
Enterprise value	-$3M	$309.3M	$735.6M	$454.7M	$2.9B	$181.9M
Net debt / EBITDA	1.12×	-2.54×	-0.57×	-1.14×	-1.67×	-0.59×
Cash conversion cycle (days)	34	114	-87	-817	-11,354	-2,487