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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
-72.1%
CA$0.13
vs CA$0.47 price
Levered DCF
CA$0.13
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-5.39
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-6.95×-3.77×-4.26×-19.01×-1.75×-209.3×-163.64×
P/B10.31×0.38×0.67×1.87×0.58×3.95×3.22×
P/S0×0×0×0×0×0×0×
EV / EBITDA-6.98×-4.28×-2.09×-18.16×-5.56×-253.98×-8,806.03×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio1.14×1.06×1.2×1.84×1.79×0.28×10.32×
Debt / equity0.37×0.07×0.1×0.11×0.39×0×0×
Interest coverage-23.76×-59.08×-34.84×-40.41×-35.54×-80.89×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-143.3%-10.3%-15.6%-10.5%-25.8%-1.2%-2.0%
Return on invested capital-70.5%-9.3%-13.7%-9.2%-15.1%-1.5%-1.9%
Return on assets-53.0%-9.3%-13.8%-9.2%-20.4%-1.2%-2.0%
Free cash flow yield-7.6%-18.1%-19.2%-4.8%-13.1%-0.2%-0.0%
Earnings yield-13.9%-27.0%-23.4%-5.6%-44.9%-0.3%-0.6%
Enterprise valueCA$57MCA$13.8MCA$20.5MCA$44.5MCA$6.8MCA$34.3MCA$34M
Net debt / EBITDA0.83×-0.47×-0.17×0.46×-1.67×0.21×87.93×
Cash conversion cycle (days)-294,831-107-595-98,814000