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 26/10/20 28/10/21 26/10/22 27/10/23 25/10/24 27/10/25
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.18Cr
23.43x13.34x20.12x0.32% 5,64900Cr
23.23x11.42x15.48x1.08% 2,03500Cr
38.4x16.23x23.84x0.73% 1,69500Cr
14.63x8.98x10.8x0.05% 1,21400Cr
110.59x20.07x76.37x-.--% 1,03500Cr
5.22x3.39x4.09x0.19% 1LCr
-51.7x10.3x28.67x-.--% 63TCr
243.9x53.58x109.14x-.--% 33TCr
Average 50.96x 17.16x 36.06x 0.3% 1,50900Cr
Weighted average by Cap. 31.65x 13.64x 24.71x 0.41%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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