Latest Ratios: P/E Ratio -7.1x · EV/EBITDA N/A · ROE -41.6%. (2020–2024 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 |
|---|---|---|---|---|---|---|
| Market Cap | $25M | $511M | $510M | — | — | — |
| Enterprise Value | $24M | $510M | $509M | — | — | — |
| P/E Ratio → | -7.14 | — | 469.53 | — | — | — |
| P/S Ratio | 0.19 | 3.86 | 2.67 | — | — | — |
| P/B Ratio | 3.64 | 75.90 | 49.68 | — | — | — |
| P/FCF | — | — | 336.82 | — | — | — |
| P/OCF | — | — | 281.71 | — | — | — |
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 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.86 | 2.67 | — | — | — |
| EV / EBITDA | — | — | 555.72 | — | — | — |
| EV / EBIT | — | — | 378.45 | — | — | — |
| EV / FCF | — | — | 336.43 | — | — | — |
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 |
|---|---|---|---|---|---|---|
| Gross Margin | 1.8% | 1.8% | 2.7% | 6.2% | 6.3% | 4.4% |
| Operating Margin | -2.8% | -2.8% | 0.4% | 2.6% | 2.6% | -0.1% |
| Net Profit Margin | -2.7% | -2.7% | 0.6% | 2.2% | 2.4% | 0.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | -41.6% | -41.6% | 13.3% | 114.2% | 209.0% | 18.8% |
| ROA | -14.2% | -14.2% | 4.5% | 21.7% | 25.2% | 3.6% |
| ROIC | -34.3% | -34.3% | 9.3% | 95.3% | — | — |
| ROCE | -39.5% | -39.5% | 9.9% | 119.7% | 209.7% | -3.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.07 | 0.11 | 0.14 | 0.87 |
| Debt / EBITDA | — | — | 0.80 | 0.13 | 0.06 | — |
| Net Debt / Equity | — | -0.03 | -0.06 | -0.31 | -3.28 | -1.54 |
| Net Debt / EBITDA | — | — | -0.65 | -0.35 | -1.35 | — |
| Debt / FCF | — | — | -0.39 | — | -2.12 | -1.27 |
| Interest Coverage | -27.82 | -27.82 | 7.76 | 160.09 | 103.71 | -1.34 |
Net cash position: cash ($678000) exceeds total debt ($460000)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 1.21 | 1.54 | 1.08 | 1.19 |
| Quick Ratio | 1.02 | 1.02 | 1.19 | 1.35 | 1.08 | 1.16 |
| Cash Ratio | 0.06 | 0.06 | 0.07 | 0.22 | 0.32 | 0.58 |
| Asset Turnover | — | 6.72 | 6.38 | 11.55 | 7.88 | 10.41 |
| Inventory Turnover | 407.66 | 407.66 | 254.68 | 89.08 | 1915.73 | 316.61 |
| Days Sales Outstanding | — | 22.24 | 29.41 | 8.22 | 28.56 | 14.47 |
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 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 47.2% | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.2% | — | — | — |
| FCF Yield | — | — | 0.3% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $25M | $25M | $24M | $24M | $24M |
Liquidity and solvency constraints
Based on reported figures, DTCK trades at a price-to-sales ratio of 0.19, which suggests that the market is heavily discounting the firm's revenue base due to the persistent negative earnings and the significant 30.60% year-over-year contraction in top-line performance observed in recent financial statements.
The negative P/E ratio of -7.14 highlights the absence of sustainable earnings, rendering traditional valuation metrics largely ineffective for assessing the company's intrinsic value. Investors should monitor whether the current P/S discount is a reflection of temporary cyclical headwinds or a permanent impairment of the firm's ability to generate value from its trading activities.
According to recent financial data, the company's ROIC has plummeted to -31.5% in 2024Q4, a stark reversal from the 140.3% peak seen in 2022Q4, indicating that the firm is currently destroying shareholder capital rather than compounding it through its core agricultural trading operations.
The rapid decay in return on capital suggests that the asset-light model, which previously benefited from high turnover, has become a liability as margins have compressed. This trend warrants further investigation into whether the company can stabilize its return profile without a fundamental restructuring of its cost base or a pivot toward higher-margin service offerings.
As reported in quarterly filings, the cash conversion cycle has shifted to -5 days in 2024Q4, which, while appearing efficient, masks the underlying pressure on working capital as the company struggles to manage its inventory and accounts receivable in a period of declining trade volumes.
The volatility in the cash conversion cycle suggests that DTCK is highly dependent on the timing of trade finance and supplier credit to maintain operations. The reliance on these external levers, combined with the current negative operating margins, implies that any disruption in credit availability could lead to immediate operational paralysis.
Based on the most recent balance sheet, the company maintains a current ratio of 1.04, which leaves virtually no margin for error given the $678,000 cash balance and the inherent volatility of the agricultural commodity markets in which the firm operates.
The proximity of the current ratio to parity suggests that the company is operating with minimal liquidity, leaving it highly susceptible to even minor delays in accounts receivable collection. This precarious position indicates that the firm may lack the financial resilience required to navigate prolonged periods of market stress or unexpected trade finance calls.
Market participants often misapply standard P/E and EV/EBITDA multiples to DTCK, failing to recognize that the company functions more as a high-risk logistics and finance intermediary than a traditional consumer defensive entity, which obscures the true nature of its capital-intensive, low-margin business model.
Analysts should instead focus on the company's ability to manage its trade finance facilities and the stability of its agency service fees, as these are the true drivers of its survival. Relying on earnings-based multiples in a business model where fixed costs frequently exceed gross profits leads to a fundamental misunderstanding of the firm's ongoing solvency risk.
Includes 30+ ratios · 5 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying DTCK stock.
Davis Commodities Limited Ordinary Shares's current P/E ratio is -7.1x. This places it at the 50th percentile of its historical range.
Davis Commodities Limited Ordinary Shares's return on equity (ROE) is -41.6%. The historical average is 62.7%.
Based on historical data, Davis Commodities Limited Ordinary Shares is trading at a P/E of -7.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Davis Commodities Limited Ordinary Shares has 1.8% gross margin and -2.8% operating margin.