WesCan Energy Corp. (WCE.V) 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

+326.1%

CA$0.51

vs CA$0.12 price

Levered DCF

-CA$0.80

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

-1.61

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-9.9×	-2.79×	8.93×	-17.78×	73.53×	4.38×	-0.21×	-2.65×
P/B	4.98×	1.72×	1.24×	2.3×	3.2×	1.64×	1.14×	0.45×
P/S	1.05×	0.55×	0.81×	1.1×	3×	2.55×	0.44×	0.84×
EV / EBITDA	6.27×	11.47×	4.29×	7.66×	12.62×	3.23×	-0.31×	-24.65×
Gross margin	54.9%	65.3%	44.8%	12.1%	69.0%	1141.6%	60.6%	62.4%
Operating margin	-2.5%	-14.3%	4.1%	-6.9%	-40.1%	-122.8%	-55.3%	-31.3%
Net margin	-10.7%	-19.8%	9.2%	-6.2%	4.0%	58.3%	-208.9%	-31.7%
Current ratio	0.37×	0.26×	0.1×	0.2×	0.27×	0.2×	0.23×	0.4×
Debt / equity	3.37×	1.52×	1.06×	1.13×	0.74×	0.65×	1.26×	0.22×
Interest coverage	-0.3×	-2.33×	1.05×	-2.4×	-13.96×	-673.81×	-345.66×	-87.62×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-50.5%	-61.7%	14.0%	-13.0%	4.3%	37.5%	-538.0%	-16.9%
Return on invested capital	-1.8%	-11.2%	2.2%	-4.3%	-14.4%	-25.4%	-25.1%	-10.0%
Return on assets	-6.9%	-13.7%	3.9%	-2.7%	1.0%	8.1%	-67.0%	-8.5%
Free cash flow yield	-14.2%	19.6%	-20.3%	-37.9%	-2.0%	-13.8%	-5.3%	-4.8%
Earnings yield	-10.1%	-35.9%	11.3%	-5.7%	1.3%	22.9%	-470.1%	-37.8%
Enterprise value	CA$7.4M	CA$4.2M	CA$3.8M	CA$4.5M	CA$5.1M	CA$2.3M	CA$903.3K	CA$1.8M
Net debt / EBITDA	2.49×	5.35×	1.97×	2.02×	1.42×	0.54×	-0.09×	-3.26×
Cash conversion cycle (days)	-87	-114	-82	-242	-1,117	-361	-622	-375