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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
-220.1%
-CA$0.28
vs CA$0.23 price
Levered DCF
-CA$0.32
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-36.46
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020
P/E0.97×-6.78×-12.16×-38.78×-38.55×-213.33×
P/B0×-6.46×-106.8×29×11.08×-14.28×
P/S0×6.83×2.74×4.13×4.06×0×
EV / EBITDA0×-10.89×128.62×-233.78×29.81×-213.94×
Gross margin0.0%-1.5%11.6%13.8%32.5%0.0%
Operating margin0.0%90.2%-21.4%-22.9%5.2%0.0%
Net margin0.0%-100.8%-22.5%-10.7%-10.5%0.0%
Current ratio0×0.15×0.16×0.34×0.16×0.01×
Debt / equity0×-2.62×-51.21×6.34×2.85×0×
Interest coverage0×6.22×-2.66×-4.21×0.75×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020
Return on equity0.0%95.5%877.6%-75.1%-28.6%6.9%
Return on invested capital0.0%24.1%-9.5%-8.3%2.1%0.2%
Return on assets0.0%-16.8%-7.4%-4.4%-3.6%-15.9%
Free cash flow yield-116.2%-5.7%-5.9%2.5%-0.5%-0.5%
Earnings yield104.5%-14.8%-8.2%-2.6%-2.6%-0.5%
Enterprise valueCA$0CA$4.4MCA$3.5MCA$6MCA$5.3MCA$4.2M
Net debt / EBITDA0×-2.97×40.31×-39.73×6.02×0×
Cash conversion cycle (days)0-224-131-121-650