Touchstone Exploration Inc. (TXP.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

-319.1%

-CA$0.42

vs CA$0.19 price

Levered DCF

CA$1.01

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.16

Distress zone

Rating

B+

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	FY2018
P/E	2.36×	10.66×	-6.15×	-45.25×	42.43×	-28.65×	-8.74×	54.28×
P/B	0.27×	1.1×	2.12×	1.85×	3.96×	5.23×	1.63×	0.6×
P/S	0.55×	1.73×	2.63×	3.37×	9.03×	16.12×	1.27×	0.53×
EV / EBITDA	4.04×	5.86×	-35.95×	18.79×	14.97×	-24.68×	12.86×	1.81×
Gross margin	48.1%	75.6%	62.2%	55.9%	57.2%	54.1%	58.2%	62.1%
Operating margin	-2.6%	48.0%	19.4%	10.8%	6.4%	-21.4%	19.7%	16.5%
Net margin	23.5%	18.9%	-42.8%	-7.4%	19.3%	-56.3%	-14.5%	1.0%
Current ratio	0.61×	0.94×	0.75×	1.23×	1.33×	1.79×	0.93×	0.83×
Debt / equity	0.62×	0.59×	0.54×	0.36×	0.48×	0.12×	0.5×	0.35×
Interest coverage	-0.23×	7.48×	3.72×	1.78×	2.2×	-2.98×	5.42×	5.03×
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	11.6%	12.0%	-34.5%	-4.1%	8.5%	-18.3%	-18.7%	1.1%
Return on invested capital	34.4%	15.2%	7.6%	-7.7%	0.6%	-3.1%	10.9%	0.4%
Return on assets	4.5%	5.4%	-14.8%	-2.2%	4.0%	-10.5%	-6.6%	0.4%
Free cash flow yield	-24.9%	-13.9%	-4.9%	-3.9%	-9.8%	-5.2%	-12.3%	-54.7%
Earnings yield	42.4%	10.9%	-16.3%	-2.2%	2.1%	-3.5%	-11.4%	1.9%
Enterprise value	CA$72.9M	CA$109.5M	CA$150.9M	CA$156.7M	CA$281.7M	CA$299.1M	CA$58M	CA$26.2M
Net debt / EBITDA	2.62×	1.82×	-5.75×	1.44×	0.76×	1.38×	1.97×	0.51×
Cash conversion cycle (days)	-277	-447	-207	-142	-405	-565	-244	-311