Verde Clean Fuels, Inc. (VGAS) 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

+215.2%

$3.15

vs $1.00 price

Levered DCF

$3.20

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

12.51

Safe 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
P/E	-2.61×	-7.68×	-5.24×	26.03×	-7.19×	-18.94×
P/B	1.23×	2.5×	1.31×	63.92×	-13.68×	23.43×
P/S	0×	0×	0×	0×	0×	0×
EV / EBITDA	1.48×	-0.67×	1.4×	23.72×	-412.82×	-18.69×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	27.58×	7.18×	11.9×	0.99×	0.36×	3×
Debt / equity	0.01×	0.02×	0.08×	0.3×	-0.05×	0.02×
Interest coverage	0×	0×	-50.04×	-656.21×	0×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-47.3%	-32.5%	-24.7%	246.5%	190.5%	-124.4%
Return on invested capital	-21.5%	-55.7%	-39.8%	-176.6%	-544.0%	-120.8%
Return on assets	-23.5%	-14.1%	-8.6%	42.8%	-510.1%	-108.3%
Free cash flow yield	-45.1%	-44.7%	-63.4%	-4.7%	-2.8%	-0.0%
Earnings yield	-38.5%	-13.0%	-18.9%	3.9%	-13.9%	-5.3%
Enterprise value	-$20.3M	$6.8M	-$13.3M	$70.4M	$93.1M	$65.3M
Net debt / EBITDA	4.17×	1.85×	2.91×	-0.04×	-1×	0.29×
Cash conversion cycle (days)	-977	-832	-124	-4,207	0	0