Latest Ratios: P/E Ratio 0.0x · EV/EBITDA N/A · ROE -356.7%. (2011–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1 | $1.3B | $2M | — | — | — | — | — | — | — | — |
| Enterprise Value | $10M | $1.3B | $-140104192 | — | — | — | — | — | — | — | — |
| P/E Ratio → | 0.00 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.00 | 1207.14 | 5.46 | — | — | — | — | — | — | — | — |
| P/B Ratio | — | — | 1.00 | 1.00 | — | — | — | 1.00 | 1.00 | 1.00 | 1.00 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1215.93 | -382.80 | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -1443.8% | -1443.8% | 25.2% | — | — | 15.0% | 15.8% | 15.5% | 14.7% | 15.8% | 15.6% |
| Operating Margin | -24913.8% | -24913.8% | -80093.3% | — | — | -6.8% | -8.6% | -6.6% | -14.3% | -16.3% | -26.1% |
| Net Profit Margin | -41766.4% | -41766.4% | -265643.3% | — | — | -9.1% | -10.1% | -7.6% | -16.7% | -25.1% | -33.1% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -356.7% | -356.7% | -452.5% | -1552.9% | — | — | — | -46.1% | -116.2% | -207.8% | -183.5% |
| ROA | -152.3% | -152.3% | -268.5% | -462.5% | -225.9% | -26.6% | -27.0% | -17.3% | -36.0% | -58.9% | -71.6% |
| ROIC | -330.4% | -330.4% | -177.7% | -150.2% | — | — | -111.7% | -29.2% | -77.9% | -67.6% | -92.5% |
| ROCE | -196.5% | -196.5% | -126.8% | -153.5% | — | — | — | -26.9% | -67.3% | -87.1% | -99.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.05 | 0.09 | — | — | — | 0.74 | 0.53 | 1.03 | 0.44 |
| Debt / EBITDA | — | — | — | — | — | 30.76 | 128.76 | 28.54 | — | 3.10 | — |
| Net Debt / Equity | — | — | -0.52 | -0.26 | — | — | — | 0.55 | -0.32 | 0.97 | 0.33 |
| Net Debt / EBITDA | — | — | — | — | — | 30.73 | 119.31 | 21.18 | — | 2.92 | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -9.32 | -9.32 | -202.81 | -26.47 | -1.09 | -3.09 | -3.79 | -3.73 | -7.43 | -14.97 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.34 | 0.34 | 1.42 | 0.71 | 0.10 | 0.26 | 0.42 | 0.86 | 1.30 | 0.59 | 0.70 |
| Quick Ratio | 0.14 | 0.14 | 1.30 | 0.71 | 0.09 | 0.26 | 0.42 | 0.86 | 1.30 | 0.59 | 0.70 |
| Cash Ratio | 0.06 | 0.06 | 1.11 | 0.44 | 0.00 | 0.00 | 0.05 | 0.15 | 0.77 | 0.04 | 0.10 |
| Asset Turnover | — | 0.01 | 0.00 | — | — | 2.99 | 2.84 | 2.55 | 1.85 | 2.33 | 1.76 |
| Inventory Turnover | 0.45 | 0.45 | 0.02 | — | — | 1296.60 | 1735.10 | — | — | — | — |
| Days Sales Outstanding | — | 41.46 | 669.91 | — | — | 29.18 | 31.14 | 34.90 | 33.26 | 47.91 | 47.16 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 100.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 100.0% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $1321 | $2 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Imminent liquidity and dilution
As reported in recent financial statements, Bollinger Innovations' gross margin of -21.3% in 2025Q3 underscores a fundamental inability to cover production costs, suggesting that the company remains far from achieving the economies of scale necessary to transition toward a sustainable, unit-positive manufacturing model.
The extreme disparity between revenue and COGS indicates that the company is currently subsidizing every vehicle sale rather than generating value. Investors should monitor whether the company can achieve a positive gross margin, as the current trajectory suggests that operational losses will continue to compound without a massive increase in production volume.
Based on the latest quarterly data, the company's cash conversion cycle remains highly erratic, with DIO reaching 286 days in 2025Q3, which indicates significant inefficiencies in inventory management and a potential over-accumulation of components that the company is currently unable to convert into finished, revenue-generating vehicle sales.
The high inventory days relative to the company's limited revenue base suggest that capital is being trapped in unsold assets rather than being deployed for growth. This inefficiency, combined with the lack of a stable DPO, implies that the company lacks the leverage to negotiate favorable payment terms with its suppliers.
According to the 2025Q3 balance sheet, the company's current ratio has deteriorated to 0.23, a level that, based on historical trends, indicates an acute inability to meet short-term obligations without relying on external capital infusions or further dilutive equity offerings to maintain basic operational continuity.
A quick ratio of 0.08 further highlights the company's extreme dependence on inventory liquidation to satisfy creditors, which is a precarious position given the current lack of market demand. This liquidity profile suggests that the company is operating under severe financial stress, leaving virtually no margin for error in its production or delivery timelines.
While the 199% year-over-year revenue growth figure is frequently cited, it is a misleading indicator for Bollinger Innovations, as it obscures the company's negligible absolute revenue base and fails to account for the massive, unsustainable cash burn required to achieve such early-stage, pilot-level delivery volumes.
Analysts should prioritize 'cash burn per unit delivered' or 'operating cash flow to revenue' over top-line growth percentages, as these metrics better reflect the company's true financial health. Focusing on revenue growth in a pre-scale environment ignores the reality that the company is currently destroying shareholder value with every additional dollar of sales.
Includes 30+ ratios · 14 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BINI stock.
Bollinger Innovations, Inc.'s current P/E ratio is 0.0x.
Bollinger Innovations, Inc.'s return on equity (ROE) is -356.7%. The historical average is -194.1%.
Based on historical data, Bollinger Innovations, Inc. is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
Bollinger Innovations, Inc. has -1443.8% gross margin and -24913.8% operating margin.