Tron Inc. (TRON) 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

-97.7%

$0.03

vs $1.31 price

Levered DCF

$0.06

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

109.95

Safe zone

Rating

Overall 3 / 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
P/E	-7.75×	-1.7×	-5.74×	26.21×	-291.23×	-14.23×	-4.61×
P/B	0.61×	1.38×	2.86×	-3,263.69×	-25.55×	-28.01×	-31.76×
P/S	26.85×	1.7×	2.05×	1.39×	3.18×	2.86×	1.2×
EV / EBITDA	-53.87×	-1.54×	-4.42×	26.32×	0×	-15.61×	-4.76×
Gross margin	25.3%	19.8%	22.9%	20.3%	20.8%	27.2%	24.5%
Operating margin	-53.1%	-100.5%	-35.4%	5.9%	-1.1%	-19.8%	-26.0%
Net margin	-354.6%	-100.6%	-35.7%	5.4%	-1.1%	-19.8%	-26.0%
Current ratio	19.01×	3.41×	10.74×	3.45×	0.84×	0.6×	0.87×
Debt / equity	0×	0.09×	0×	-574.55×	-4.54×	0×	0×
Interest coverage	-83.62×	-134.75×	-36.47×	11.91×	0×	0×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-8.0%	-82.0%	-49.8%	-12671.6%	8.8%	194.2%	690.7%
Return on invested capital	-1.2%	-74.9%	-49.4%	24.1%	-2.5%	194.2%	831.0%
Return on assets	-8.0%	-68.8%	-45.2%	15.8%	-1.6%	-129.2%	-72.7%
Free cash flow yield	-1.2%	-42.8%	-6.9%	-0.4%	5.3%	-1.3%	-4.0%
Earnings yield	-13.2%	-59.4%	-17.4%	3.9%	-0.3%	-6.9%	-21.7%
Enterprise value	$117.5M	$6.5M	$8.8M	$9.5M	$9.5M	$8.4M	$8.3M
Net debt / EBITDA	4.48×	0.2×	1.5×	2.87×	0×	0.13×	0.09×
Cash conversion cycle (days)	110	122	60	31	-2	-86	-54