Trekor Metals Limited (TGB) 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

-112.4%

-$0.92

vs $7.43 price

Levered DCF

$1.30

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.5

Grey zone

Rating

B-

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	-83.6×	-61.32×	6.62×	-21.95×	19.93×	-17.93×	-2.83×	-4.03×
P/B	3.5×	1.64×	1.23×	1.6×	2.05×	1.69×	0.5×	0.42×
P/S	4.05×	1.35×	1.02×	1.45×	1.7×	1.23×	0.6×	0.42×
EV / EBITDA	23.14×	8.43×	4.59×	14.46×	5.84×	6.54×	6.49×	5.06×
Gross margin	26.0%	19.3%	39.5%	13.8%	37.8%	6.9%	-13.3%	12.0%
Operating margin	20.5%	12.5%	35.5%	10.2%	33.1%	0.0%	-18.4%	8.3%
Net margin	-4.5%	-2.2%	15.8%	-6.6%	8.4%	-6.9%	-16.2%	-10.4%
Current ratio	1.5×	1.71×	1.77×	2.14×	3.26×	2×	1.69×	1.82×
Debt / equity	0.95×	1.57×	1.46×	1.65×	1.49×	1.15×	1.24×	1.02×
Interest coverage	1.57×	0.97×	4.29×	1.03×	3.65×	0×	-1.32×	0.83×
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	-3.9%	-2.7%	19.1%	-7.3%	10.2%	-9.4%	-13.6%	-10.3%
Return on invested capital	3.7%	-2.8%	8.0%	3.4%	6.7%	0.0%	-3.5%	3.1%
Return on assets	-1.2%	-0.6%	5.3%	-2.0%	3.1%	-3.3%	-4.7%	-3.7%
Free cash flow yield	2.6%	18.1%	6.2%	0.3%	11.8%	14.1%	-5.3%	-0.5%
Earnings yield	-1.1%	-1.6%	15.5%	-4.6%	5.0%	-5.6%	-27.1%	-24.8%
Enterprise value	$3.3B	$1.4B	$1.1B	$1B	$1B	$640.3M	$472.2M	$454.1M
Net debt / EBITDA	3.9×	3.61×	2.3×	6.5×	1.68×	2.23×	4.4×	3.45×
Cash conversion cycle (days)	79	73	120	78	76	29	44	36