Southern Energy Corp. (SOU.V) 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

-438.7%

-CA$0.24

vs CA$0.07 price

Levered DCF

-CA$0.21

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-1.7

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	-3.05×	-1.93×	-0.64×	10×	1×	-0.86×	-1.03×	-2.81×
P/B	2.04×	1.31×	0.88×	1.32×	0.54×	27.16×	1.12×	0.43×
P/S	1.59×	1.2×	1.55×	1.96×	0.64×	0.6×	0.59×	9.17×
EV / EBITDA	11.38×	-20.42×	-1.24×	3.83×	0.78×	-11.78×	-9.13×	-21.74×
Gross margin	8.7%	-1.4%	-2.3%	49.5%	34.5%	43.2%	14.3%	35.9%
Operating margin	-19.0%	-37.4%	-38.1%	37.6%	17.3%	-36.4%	-12.1%	-196.4%
Net margin	-52.2%	-71.6%	-321.2%	20.6%	50.6%	-70.4%	-74.2%	-409.6%
Current ratio	0.13×	0.19×	0.37×	2.16×	1.29×	0.14×	0.46×	0.57×
Debt / equity	1.23×	0.23×	0.47×	0.09×	0.38×	25.28×	3.34×	1.51×
Interest coverage	-1.41×	-1.96×	-2.67×	10.3×	1.84×	-2.37×	-1.08×	-39.11×
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	-66.7%	-78.1%	-182.3%	13.8%	42.4%	-3203.5%	-141.9%	-19.4%
Return on invested capital	-8.4%	-23.0%	-10.5%	21.2%	9.4%	-37.8%	-5.5%	-3.2%
Return on assets	-15.5%	-21.4%	-92.2%	9.5%	21.8%	-25.7%	-28.7%	-6.7%
Free cash flow yield	-8.7%	15.4%	-127.0%	-12.7%	2.7%	36.7%	13.8%	-19.4%
Earnings yield	-32.8%	-59.8%	-206.9%	10.5%	79.1%	-118.0%	-126.3%	-44.7%
Enterprise value	CA$36.8M	CA$20.2M	CA$42.8M	CA$66.7M	CA$12.1M	CA$11.9M	CA$33.8M	CA$25.3M
Net debt / EBITDA	4.18×	-0.98×	-0.37×	-1.27×	-0.04×	-5.21×	-6.8×	-16.56×
Cash conversion cycle (days)	-29	-18	-62	-148	-51	-56	-13	122