Twelve Seas Investment Company II (TWLV) 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

-99.7%

$0.03

vs $10.10 price

Levered DCF

$0.03

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

15.13

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2022	FY2021	FY2020
P/E	6,168.75×	-14,369.48×	50.25×	233.73×	-32,500×
P/B	1.39×	31,828.7×	1.28×	1.27×	3,040.67×
P/S	0×	0×	0×	0×	0×
EV / EBITDA	-1,005.92×	-14,371.54×	-407.3×	-400.08×	32,083.15×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	4.63×	0.47×	0.27×	2.16×	0.46×
Debt / equity	0×	7.78×	0×	0×	6.8×
Interest coverage	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2022	FY2021	FY2020
Return on equity	0.0%	-221.5%	2.5%	0.5%	-9.5%
Return on invested capital	-0.1%	-25.2%	-0.3%	-0.3%	-1.2%
Return on assets	0.0%	-21.0%	2.5%	0.5%	-1.2%
Free cash flow yield	-0.1%	0.0%	-0.2%	-0.2%	-0.0%
Earnings yield	0.0%	-0.0%	2.0%	0.4%	-0.0%
Enterprise value	$230.6M	$247.5M	$444.8M	$428.9M	$73.2M
Net debt / EBITDA	3.02×	-2.06×	0.29×	0.67×	38.89×
Cash conversion cycle (days)	0	0	-118	-111	0