Sylogist Ltd. (SYZ.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

+479.6%

CA$15.65

vs CA$2.70 price

Levered DCF

CA$17.51

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.12

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	FY2018
P/E	-28.85×	-285.21×	160.43×	56×	56.89×	134.5×	24.55×	23.28×
P/B	4.34×	5.52×	4.69×	3.69×	5.23×	4.93×	4.17×	6.94×
P/S	2.17×	3.16×	2.69×	2.13×	6.31×	6.71×	6.49×	7.89×
EV / EBITDA	17.99×	19.33×	16.52×	10.04×	16.11×	27.93×	11.12×	19.82×
Gross margin	39.4%	58.8%	44.9%	44.4%	72.3%	73.7%	75.7%	72.7%
Operating margin	-6.0%	5.0%	1.4%	3.6%	20.0%	8.8%	35.6%	32.2%
Net margin	-7.5%	-1.1%	1.7%	3.7%	11.3%	5.1%	26.6%	34.5%
Current ratio	0.82×	0.81×	0.54×	0.54×	0.84×	2.89×	3.26×	2.5×
Debt / equity	0.62×	0.51×	0.47×	0.55×	0.41×	0.01×	0×	0×
Interest coverage	-3.09×	2.14×	0.47×	1.74×	31.26×	49.88×	0×	0×
Dividend yield	0.7%	0.5%	0.5%	8.3%	4.9%	4.0%	3.6%	2.7%
Payout ratio	-20.1%	-128.9%	85.7%	480.0%	272.5%	537.4%	86.6%	62.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-15.0%	-1.9%	2.9%	6.4%	9.4%	3.7%	17.1%	30.3%
Return on invested capital	-5.7%	3.5%	-0.5%	-34.9%	7.0%	4.8%	15.7%	22.1%
Return on assets	-5.7%	-0.7%	1.1%	2.5%	4.5%	2.7%	12.8%	21.5%
Free cash flow yield	0.9%	5.9%	2.7%	6.3%	7.4%	1.0%	6.7%	4.9%
Earnings yield	-3.4%	-0.4%	0.6%	1.7%	1.8%	0.8%	4.1%	4.4%
Enterprise value	CA$145.8M	CA$213.7M	CA$182.5M	CA$154.7M	CA$233.7M	CA$213.4M	CA$191.1M	CA$270.1M
Net debt / EBITDA	1.34×	0.55×	0.56×	0.48×	-0.73×	-5.54×	-3.09×	-2.3×
Cash conversion cycle (days)	44	30	43	36	5	30	8	14