Latest Ratios: P/E Ratio -22.6x · EV/EBITDA 31.4x · ROE -5.7%. (2020–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $7M | $7M | $25M | — | — | — | — |
| Enterprise Value | $25M | $26M | $44M | — | — | — | — |
| P/E Ratio → | -22.64 | — | 3133.33 | — | — | — | — |
| P/S Ratio | 0.11 | 0.13 | 0.44 | — | — | — | — |
| P/B Ratio | 1.97 | 1.47 | 2.86 | — | — | — | — |
| P/FCF | 1.51 | 1.65 | 13.41 | — | — | — | — |
| P/OCF | 1.51 | 1.65 | 9.52 | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.45 | 0.75 | — | — | — | — |
| EV / EBITDA | 31.40 | 32.17 | 32.45 | — | — | — | — |
| EV / EBIT | — | 89.36 | 32.17 | — | — | — | — |
| EV / FCF | — | 5.89 | 23.26 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 19.2% | 19.2% | 18.7% | 18.3% | 18.0% | 18.4% | 15.8% |
| Operating Margin | -0.0% | -0.0% | 1.3% | 4.2% | 3.1% | 2.6% | 2.0% |
| Net Profit Margin | -0.7% | -0.7% | 0.0% | 2.6% | 2.8% | 3.2% | 2.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -5.7% | -5.7% | 0.1% | 70.4% | 110.0% | 18.2% | 7.0% |
| ROA | -1.0% | -1.0% | 0.0% | 3.9% | 3.9% | 3.7% | 2.4% |
| ROIC | -0.0% | -0.0% | 2.5% | 9.8% | 7.0% | 3.5% | 2.4% |
| ROCE | -0.1% | -0.1% | 10.1% | 62.9% | 41.1% | 10.0% | 5.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.99 | 3.99 | 2.30 | 5.81 | 13.41 | 12.18 | 1.45 |
| Debt / EBITDA | 24.44 | 24.44 | 15.03 | 5.91 | 9.71 | 11.66 | 13.13 |
| Net Debt / Equity | — | 3.77 | 2.10 | 5.58 | 12.73 | 11.33 | 1.28 |
| Net Debt / EBITDA | 23.13 | 23.13 | 13.75 | 5.68 | 9.21 | 10.85 | 11.59 |
| Debt / FCF | — | 4.23 | 9.85 | 14.70 | — | 4.71 | 6.33 |
| Interest Coverage | 0.22 | 0.22 | 1.09 | 2.84 | 3.92 | 3.56 | 2.42 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.06 | 1.29 | 1.09 | 1.07 | 1.13 | 1.75 |
| Quick Ratio | 0.52 | 0.52 | 0.65 | 0.54 | 0.57 | 0.62 | 1.07 |
| Cash Ratio | 0.03 | 0.03 | 0.06 | 0.11 | 0.02 | 0.04 | 0.10 |
| Asset Turnover | — | 1.41 | 1.47 | 1.52 | 1.28 | 1.26 | 1.21 |
| Inventory Turnover | 2.54 | 2.54 | 2.62 | 2.56 | 2.25 | 2.31 | 2.67 |
| Days Sales Outstanding | — | 103.67 | 104.08 | 89.22 | 138.81 | 145.75 | 160.89 |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.0% | — | — | — | — |
| FCF Yield | 66.1% | 60.4% | 7.5% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $14M | $9M | $9M | $9M | $9M | $9M |
Terminal obsolescence and liquidity
According to current market data, INEO trades at a P/S ratio of 0.10 and a P/FCF of 1.30, suggesting that investors are pricing the company as a distressed asset rather than a viable, long-term industrial manufacturer with sustainable growth prospects.
The negative P/E of -19.41 and the lack of a forward P/E multiple indicate that the market has little confidence in the company's ability to return to profitability in the near term. This valuation discount appears structural, reflecting the market's skepticism regarding the company's ability to navigate the transition away from legacy combustion engine components.
Based on reported financial statements, INEO's ROIC has trended downward from 6.6% in 2024Q2 to -3.2% by 2024Q4, illustrating a rapid erosion of the company's ability to generate value from its invested capital base.
The volatility in ROE, which swung from 67.6% in 2023Q2 to -28.2% in 2024Q4, suggests that the company's capital efficiency is highly sensitive to non-recurring items and working capital fluctuations. This inconsistency implies that management is struggling to deploy capital effectively across its disparate industrial and automotive segments.
As indicated by the latest quarterly data, INEO's cash conversion cycle has fluctuated significantly, reaching 97 days in 2024Q4, which highlights the company's ongoing struggle to manage inventory and receivables effectively within its fragmented industrial engine parts business.
The high DIO (days inventory outstanding) of 64 days suggests that the company may be holding excessive or potentially obsolete stock, which ties up critical liquidity. Investors should monitor whether these efficiency metrics continue to deteriorate, as they directly impact the company's ability to fund operations internally.
According to the most recent balance sheet, INEO's quick ratio stands at 0.65, indicating that the company lacks sufficient liquid assets to cover its immediate obligations without relying on the liquidation of potentially slow-moving inventory.
With cash reserves at approximately $1.06 million, the company appears highly vulnerable to even minor operational disruptions or supply chain shocks. This liquidity position warrants close investigation, as it leaves virtually no room for error in managing the company's debt obligations or funding necessary capital expenditures.
While the low debt-to-equity ratio of 3.99% might appear to signal financial strength, it is a commonly misapplied metric for INEO that obscures the company's lack of access to traditional credit markets and its inability to generate internal cash flow.
In the context of a micro-cap industrial firm with negative operating margins, a low debt-to-equity ratio often reflects a lack of borrowing capacity rather than a conservative capital structure. Analysts should instead focus on interest coverage ratios and free cash flow generation to assess the company's true financial health.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying INEO stock.
INNEOVA Holdings Ltd's current P/E ratio is -22.6x. This places it at the 50th percentile of its historical range.
INNEOVA Holdings Ltd's current EV/EBITDA is 31.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.3x.
INNEOVA Holdings Ltd's return on equity (ROE) is -5.7%. The historical average is 33.3%.
Based on historical data, INNEOVA Holdings Ltd is trading at a P/E of -22.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
INNEOVA Holdings Ltd has 19.2% gross margin and -0.0% operating margin.
INNEOVA Holdings Ltd's Debt/EBITDA ratio is 24.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.