Texas Ventures Acquisition III Corp Units (TVACU) 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

—

Levered DCF

—

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

15.43

Safe 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	FY2021	FY2020
P/E	42.27×	-10.98×	0×	-199.8×
P/B	0.76×	-0.46×	0×	0×
P/S	0×	0.21×	0×	0×
EV / EBITDA	-235.33×	-289.74×	0.02×	6.46×
Gross margin	0.0%	42.6%	0.0%	0.0%
Operating margin	0.0%	7.9%	0.0%	0.0%
Net margin	0.0%	-1.9%	0.0%	0.0%
Current ratio	4.1×	0.28×	0.06×	3.89×
Debt / equity	0×	-1.41×	0×	0×
Interest coverage	0×	0×	12.35×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2021	FY2020
Return on equity	2.6%	4.2%	-3.0%	-0.1%
Return on invested capital	-0.3%	19.2%	-2.8%	-0.1%
Return on assets	2.5%	-2.0%	-2.5%	-0.1%
Free cash flow yield	-0.3%	-35.9%	0.0%	0.0%
Earnings yield	3.5%	-9.1%	0.0%	0.0%
Enterprise value	$169.2M	$221.1M	-$112.9K	-$1.2M
Net debt / EBITDA	1.19×	-212.17×	0.02×	6.46×
Cash conversion cycle (days)	0	5	0	0