StorageVault Canada Inc. (SVI.TO) 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

+436.0%

CA$22.14

vs CA$4.13 price

Levered DCF

CA$3.12

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.26

Distress zone

Rating

C-

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	-137.35×	-48.58×	-1,164.44×	-54.73×	-74.41×	-44.1×	-28.54×	-34.35×
P/B	17.21×	11.23×	10.08×	10.99×	12.01×	6.99×	5.8×	3.18×
P/S	5.09×	4.82×	6.84×	8.69×	12.79×	9.45×	9.91×	8.61×
EV / EBITDA	19.01×	22.07×	21.02×	28.22×	38.05×	32.51×	40.36×	27.24×
Gross margin	65.9%	66.2%	67.1%	67.2%	66.6%	67.0%	66.8%	68.3%
Operating margin	23.2%	23.6%	22.5%	14.2%	8.0%	-0.1%	-2.9%	-1.1%
Net margin	-3.7%	-9.9%	-0.6%	-15.8%	-17.2%	-21.4%	-34.2%	-25.1%
Current ratio	1.22×	0.06×	1.12×	1.25×	1.33×	1.18×	1.69×	0.18×
Debt / equity	22.58×	15.53×	9.06×	8.38×	6.92×	6.16×	4.63×	2.69×
Interest coverage	0.71×	0.76×	0.74×	0.5×	0.29×	-0×	-0.09×	-0.04×
Dividend yield	0.1%	0.2%	0.1%	0.1%	0.1%	0.2%	0.2%	0.3%
Payout ratio	-19.1%	-8.2%	-167.1%	-5.7%	-6.7%	-7.1%	-5.0%	-8.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-12.7%	-23.1%	-0.9%	-19.9%	-16.1%	-15.8%	-20.0%	-9.3%
Return on invested capital	1.9%	2.8%	0.5%	1.5%	0.8%	-0.0%	-0.2%	-0.1%
Return on assets	-0.5%	-1.4%	-0.1%	-2.0%	-2.0%	-2.1%	-3.3%	-2.4%
Free cash flow yield	-0.4%	7.3%	0.6%	1.4%	1.0%	1.1%	0.2%	0.7%
Earnings yield	-0.7%	-2.1%	-0.1%	-1.8%	-1.3%	-2.3%	-3.4%	-2.9%
Enterprise value	CA$3.9B	CA$3.5B	CA$3.7B	CA$4B	CA$4.2B	CA$2.7B	CA$2.4B	CA$1.5B
Net debt / EBITDA	10.75×	12.77×	9.91×	12.12×	13.76×	15.08×	17.7×	12.3×
Cash conversion cycle (days)	-59	-71	-123	-76	-82	-103	-67	-63