Company Valuation: Visionstate Corp.

Data adjusted to current consolidation scope
Fiscal Period: September 2020 2021 2022 2023 2024 2025
Market Cap 1 2.107 6.357 2.206 3.423 9.726 3.875
Change - 201.71% -65.3% 55.14% 184.17% -60.16%
Enterprise Value (EV) 1 2.567 5.911 2.439 3.576 9.44 3.954
Change - 130.25% -58.74% 46.65% 163.96% -58.11%
P/E -2.47x -4.75x -3.5x -1.51x -9.04x -3.48x
PBR -1.96x 9.71x 8.6x -13.4x 24.9x -12.4x
PEG - 0.2x 0.1x -0x 0.1x 0.3x
Capitalization / Revenue 16.2x 11.8x 5.37x 11.8x 19.8x 8.95x
EV / Revenue 19.7x 10.9x 5.94x 12.4x 19.2x 9.13x
EV / EBITDA -4.19x -23.2x -4.38x -3.92x -11.4x -4.13x
EV / EBIT -4.1x -23.2x -4.27x -3.85x -11.2x -4.07x
EV / FCF -19.5x -8.79x -8.41x -4.51x -14x -10.9x
FCF Yield -5.14% -11.4% -11.9% -22.2% -7.12% -9.21%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0162 -0.0126 -0.005717 -0.0132 -0.004978 -0.004312
Distribution rate - - - - - -
Net sales 1 0.1301 0.5406 0.4105 0.2892 0.4924 0.4331
EBITDA 1 -0.6124 -0.2544 -0.5572 -0.9117 -0.828 -0.9565
EBIT 1 -0.6254 -0.2551 -0.5717 -0.9278 -0.844 -0.9726
Net income 1 -0.7227 -1.039 -0.6211 -1.728 -0.9332 -1.078
Net Debt 1 0.46 -0.4466 0.2325 0.1538 -0.2857 0.0793
Reference price 2 0.0400 0.0600 0.0200 0.0200 0.0450 0.0150
Nbr of stocks (in thousands) 52,678 105,956 110,306 171,126 216,126 258,326
Announcement Date 1/28/21 1/28/22 1/27/23 1/26/24 1/28/25 1/21/26
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.33x4.27x14.9x2.49% 247B
12.3x1.31x6.87x3.93% 95.78B
14.11x2.58x9.51x5.88% 85.22B
-83.47x13.15x76.29x-.--% 81.28B
19.02x5x12.35x2.99% 57.71B
14.85x2.18x9.14x5.22% 49.64B
12.99x1.49x10.19x1.24% 35.25B
15.79x2x9.45x5.47% 33.45B
20.64x1.4x9.95x0.85% 31.89B
Average 5.84x 3.71x 17.63x 3.12% 79.65B
Weighted average by Cap. 7.77x 4.22x 18.84x 3.04%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Visionstate Corp.
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