Urbana Corporation (URB.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

-123.7%

-CA$2.13

vs CA$9.00 price

Levered DCF

-CA$1.68

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.94

Safe zone

Rating

Overall 4 / 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	5.81×	2.35×	2.82×	9.47×	2.69×	10.74×	2.81×	-3.21×
P/B	0.75×	0.51×	0.52×	0.58×	0.54×	0.56×	0.56×	0.6×
P/S	-27.32×	3.34×	2.17×	7.64×	2.32×	8.68×	2.45×	-2.93×
EV / EBITDA	5.45×	1.88×	2.98×	9.27×	2.69×	10.81×	2.89×	-361.38×
Gross margin	183.3%	84.5%	6.8%	66.5%	90.0%	63.6%	92.7%	109.6%
Operating margin	-532.2%	163.3%	88.5%	97.1%	97.5%	89.6%	97.0%	103.4%
Net margin	-470.5%	141.8%	76.8%	80.7%	86.1%	81.8%	86.7%	91.1%
Current ratio	0.06×	11.93×	0.16×	16.94×	1.32×	0.73×	0.87×	15.85×
Debt / equity	0.05×	0×	0.11×	0.1×	0.08×	0.09×	0.09×	0×
Interest coverage	119.07×	39.1×	29.68×	17.79×	94.58×	25.72×	148.52×	-147.78×
Dividend yield	1.3%	2.1%	2.3%	2.4%	2.5%	2.8%	2.4%	4.0%
Payout ratio	7.8%	4.9%	6.5%	22.7%	6.6%	30.3%	6.9%	-12.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.9%	21.6%	18.6%	6.1%	19.9%	5.3%	20.0%	-18.7%
Return on invested capital	11.4%	20.3%	16.0%	5.0%	16.2%	4.2%	16.3%	-17.9%
Return on assets	11.3%	19.7%	15.4%	5.2%	17.2%	4.5%	17.5%	-18.0%
Free cash flow yield	-2.7%	27.5%	-3.1%	1.1%	4.2%	11.8%	-23.4%	17.8%
Earnings yield	17.2%	42.5%	35.4%	10.6%	37.1%	9.4%	35.4%	-31.1%
Enterprise value	CA$427.1M	CA$221M	CA$238.6M	CA$210.9M	CA$185.1M	CA$161M	CA$164.2M	CA$107.8M
Net debt / EBITDA	0.32×	-0.16×	0.53×	1.39×	0.34×	1.48×	0.37×	57.52×
Cash conversion cycle (days)	-17	4	24	34	-0	-82	-99	-82