Company Valuation: RAMM Pharma Corp.

Data adjusted to current consolidation scope
Fiscal Period: October 2020 2021 2022 2023 2024 2025
Market Cap 1 54.85 57.4 24.48 5.969 1.194 1.791
Change - 4.66% -57.35% -75.61% -80% 50%
Enterprise Value (EV) 1 26.94 40.28 15.39 1.258 0.5682 1.067
Change - 49.51% -61.79% -91.83% -54.83% 87.86%
P/E -7.44x -7.1x -1.17x -0.78x -0.07x -0.2x
PBR 1.53x 1.02x 0.69x 0.2x 0.09x 0.31x
PEG - 0.6x -0x 0x -0x 0x
Capitalization / Revenue 10.1x 13.9x 6.28x 1.18x 0.27x 0.53x
EV / Revenue 4.95x 9.79x 3.95x 0.25x 0.13x 0.32x
EV / EBITDA -3.72x -6.71x -2.2x -0.21x -0.07x -0.27x
EV / EBIT -3.56x -6.06x -1.94x -0.18x -0.06x -0.24x
EV / FCF -14.3x -8.01x -4.06x -0.54x -0.2x 1.04x
FCF Yield -6.98% -12.5% -24.7% -184% -504% 96.2%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0739 -0.0655 -0.1707 -0.0638 -0.1382 -0.0746
Distribution rate - - - - - -
Net sales 1 5.445 4.116 3.897 5.065 4.342 3.361
EBITDA 1 -7.235 -6.007 -7.003 -6.037 -7.967 -3.929
EBIT 1 -7.576 -6.642 -7.937 -7.086 -8.938 -4.531
Net income 1 -7.431 -7.107 -20.96 -7.721 -16.5 -8.91
Net Debt 1 -27.91 -17.12 -9.09 -4.712 -0.6257 -0.7235
Reference price 2 0.5500 0.4650 0.2000 0.0500 0.0100 0.0150
Nbr of stocks (in thousands) 99,723 123,449 122,400 119,389 119,389 119,389
Announcement Date 3/1/21 3/22/22 2/28/23 2/29/24 3/4/25 3/5/26
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 841K
35.49x12.89x26.26x0.56% 1,082B
28.11x6.46x17.57x2.03% 633B
32.2x7.69x15.73x2.65% 461B
18.15x4.51x11.08x2.94% 338B
24.06x5.03x14.1x1.73% 299B
22.19x5.69x13.74x2.76% 291B
14.43x5.37x11.03x3.47% 222B
24.39x6.45x11.36x2.7% 202B
-46.87x5.66x31.47x2.47% 163B
Average 16.90x 6.64x 16.92x 2.37% 369.24B
Weighted average by Cap. 24.74x 8.04x 18.59x 1.94%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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