Company Valuation: ZTEST Electronics Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 6.376 7.034 4.706 0.4021 7.926 9.547
Change - 10.31% -33.09% -91.46% 1,871.42% 20.45%
Enterprise Value (EV) 1 6.275 7.633 5.387 1.008 5.588 5.636
Change - 21.65% -29.43% -81.28% 454.22% 0.87%
P/E -6.97x 164x -17x 2.43x 3.77x 8.78x
PBR 8.34x 7x 5.33x 0.36x 1.78x 1.64x
PEG - -2x 0x -0x 0x -0.2x
Capitalization / Revenue 1.64x 1.75x 1.07x 0.07x 0.81x 1.15x
EV / Revenue 1.61x 1.9x 1.22x 0.18x 0.57x 0.68x
EV / EBITDA 464x 80x -38.5x 3.08x 2.43x 3.66x
EV / EBIT -162x 147x -24.1x 4.48x 2.6x 4.2x
EV / FCF 39.9x -88.4x -43.5x -178x 6.65x 4.29x
FCF Yield 2.51% -1.13% -2.3% -0.56% 15% 23.3%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.04 0.001766 -0.0104 0.006193 0.0581 0.0295
Distribution rate - - - - - -
Net sales 1 3.889 4.009 4.415 5.702 9.756 8.319
EBITDA 1 0.0135 0.0954 -0.1398 0.3268 2.3 1.54
EBIT 1 -0.0387 0.0521 -0.2234 0.2249 2.148 1.342
Net income 1 -0.8187 0.0458 -0.2669 0.1653 1.753 1.089
Net Debt 1 -0.1011 0.5998 0.6812 0.6062 -2.339 -3.911
Reference price 2 0.2787 0.2903 0.1763 0.0151 0.2190 0.2591
Nbr of stocks (in thousands) 22,877 24,227 26,687 26,687 36,196 36,843
Announcement Date 10/26/20 A 10/28/21 A 10/26/22 A 10/27/23 A 10/25/24 A 10/27/25 A
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 9.23M
54.5x8.69x43.69x1.45% 182B
68.01x10.14x19.47x-.--% 108B
56.64x - - 0.18% 57.04B
47.57x9.71x36.01x1.01% 53.36B
9224.44x87.42x2775.23x - 49.05B
52.98x7.53x29.25x0.78% 43.02B
46.6x7.76x31.63x0.94% 35.55B
25.4x7.02x19.65x1.33% 33.95B
34.87x8.08x26.59x0.57% 33.39B
Average 1,067.89x 18.29x 372.69x 0.78% 59.53B
Weighted average by Cap. 808.83x 15.96x 282.47x 0.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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