Skeena Resources Limited (SKE) 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

-98.6%

$0.39

vs $27.49 price

Levered DCF

$0.36

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.79

Distress zone

Rating

D+

Overall 1 / 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	-20.48×	-8.2×	-5.01×	-5.72×	-6.73×	-8.21×	-2.67×	-1.72×
P/B	23.6×	13.72×	4.38×	3.69×	6.38×	5.38×	6.21×	1.43×
P/S	0×	0×	0×	0×	0×	0×	0×	0×
EV / EBITDA	-21.14×	-6.94×	-6.07×	-7.39×	-8.26×	-11.83×	-2.98×	-1.67×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	1.82×	1.44×	3.86×	2.4×	2.13×	1.86×	2.27×	1.76×
Debt / equity	0.4×	0.15×	0.26×	0.03×	0.01×	0.02×	0.13×	0×
Interest coverage	-20.93×	0×	0×	0×	0×	-526.33×	-99.45×	-5,416.38×
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	-114.9%	-167.7%	-66.0%	-47.8%	-75.2%	-43.5%	-179.9%	-83.6%
Return on invested capital	-8.2%	-82.6%	-50.8%	-56.4%	-79.3%	-53.7%	-81.9%	-71.5%
Return on assets	-23.7%	-55.4%	-42.2%	-39.0%	-60.0%	-34.3%	-85.5%	-63.2%
Free cash flow yield	-9.4%	-10.5%	-18.6%	-22.1%	-17.2%	-12.3%	-15.0%	-57.3%
Earnings yield	-4.9%	-12.2%	-15.1%	-12.9%	-11.8%	-8.1%	-29.0%	-58.3%
Enterprise value	$3.7B	$1.2B	$486.2M	$469.8M	$749.7M	$551.2M	$60.5M	$25.5M
Net debt / EBITDA	0.34×	0.5×	0.73×	0.58×	0.43×	0.75×	0.57×	0.07×
Cash conversion cycle (days)	0	0	-4,150	-3,617	-2,861	-14,472	-4,247	-7,262