Company Valuation: Sparc AI Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 10.35 13.78 9.173 1.248 3.783 14.94
Change - 33.09% -33.43% -86.39% 203.01% 294.82%
Enterprise Value (EV) 1 10.57 13.66 9.471 1.126 3.84 13.77
Change - 29.27% -30.69% -88.11% 241.06% 258.66%
P/E -10x -9.63x -8.25x 0.63x -11.8x -8.31x
PBR -30.3x 40.5x -18.3x 13.4x -103x 12.5x
PEG - -0.6x 0.4x -0x 0x -0x
Capitalization / Revenue 43.8x 27.5x 20x 6.2x - -
EV / Revenue 44.7x 27.2x 20.7x 5.6x - -
EV / EBITDA -16x -10.9x -8.77x -2.28x -12.6x -10.4x
EV / EBIT -15.4x -10.7x -8.69x -2.25x -12.2x -10.3x
EV / FCF -77x -16x -86.7x -2.1x -26.1x -18.1x
FCF Yield -1.3% -6.25% -1.15% -47.7% -3.83% -5.51%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0448 -0.0519 -0.04 0.1584 -0.0246 -0.0831
Distribution rate - - - - - -
Net sales 1 0.2362 0.5018 0.4586 0.2012 - -
EBITDA 1 -0.6599 -1.258 -1.079 -0.4944 -0.3059 -1.324
EBIT 1 -0.6849 -1.274 -1.09 -0.501 -0.316 -1.337
Net income 1 -0.8839 -1.373 -1.094 2.967 -0.316 -1.337
Net Debt 1 0.218 -0.1131 0.2983 -0.1226 0.0568 -1.164
Reference price 2 0.450 0.500 0.330 0.100 0.290 0.690
Nbr of stocks (in thousands) 23,006 27,556 27,796 12,484 13,044 21,646
Announcement Date 4/30/21 4/29/22 4/5/23 4/30/24 4/15/25 5/1/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 59.43M
26.2x9.68x15.83x0.77% 3,833B
124.16x54.2x87.97x-.--% 456B
479.02x20.53x81.15x-.--% 96.28B
67.86x14.32x30.19x-.--% 89.81B
107.18x9.08x24.25x-.--% 81.59B
33.64x1.62x12.95x-.--% 60.97B
188.68x6.05x21.94x-.--% 47.52B
32.1x6.69x32.11x-.--% 42.36B
109.33x4.32x20.97x-.--% 37.67B
Average 129.80x 14.05x 36.37x 0.09% 474.49B
Weighted average by Cap. 49.42x 14.05x 24.71x 0.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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