Latest Ratios: P/E Ratio N/A · EV/EBITDA 20.4x · ROE -12.4%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $7M | — | — | — | — |
| Enterprise Value | $7M | — | — | — | — |
| P/E Ratio → | — | — | — | — | — |
| P/S Ratio | 0.65 | — | — | — | — |
| P/B Ratio | 3.89 | — | — | — | — |
| P/FCF | — | — | — | — | — |
| P/OCF | 13.93 | — | — | — | — |
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 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| EV / EBITDA | 20.40 | — | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 17.8% | 17.8% | 21.5% | 30.1% | 26.4% |
| Operating Margin | -1.9% | -1.9% | -0.4% | 14.0% | 7.0% |
| Net Profit Margin | -2.2% | -2.2% | -0.1% | 12.3% | 6.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | -12.4% | -12.4% | -0.2% | 49.9% | 16.8% |
| ROA | -4.0% | -4.0% | -0.1% | 23.1% | 8.1% |
| ROIC | -7.9% | -7.9% | -1.1% | 34.1% | 11.4% |
| ROCE | -9.3% | -9.3% | -1.3% | 46.0% | 15.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.41 | 0.41 | 0.43 | 0.42 | 0.40 |
| Debt / EBITDA | 2.09 | 2.09 | 2.51 | 0.74 | 1.59 |
| Net Debt / Equity | — | 0.16 | -0.08 | 0.25 | 0.25 |
| Net Debt / EBITDA | 0.81 | 0.81 | -0.44 | 0.43 | 1.01 |
| Debt / FCF | — | — | -0.13 | 0.92 | — |
| Interest Coverage | -5.84 | -5.84 | -0.93 | 43.81 | 21.60 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.27 | 1.72 | 1.97 |
| Quick Ratio | 0.94 | 0.94 | 1.00 | 1.20 | 1.59 |
| Cash Ratio | 0.12 | 0.12 | 0.28 | 0.18 | 0.18 |
| Asset Turnover | — | 1.85 | 1.46 | 1.49 | 1.31 |
| Inventory Turnover | 12.48 | 12.48 | 7.37 | 4.45 | 6.29 |
| Days Sales Outstanding | — | 104.37 | 107.63 | 111.82 | 157.38 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | 8.5% | 18.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — |
| Shares Outstanding | — | $3M | $3M | $3M | $2M |
Liquidity and capital exhaustion
According to current market data, IOTR trades at a price-to-sales ratio of 0.63, which suggests that investors are heavily discounting the firm's growth potential due to the persistent negative margins and the capital-intensive nature of its maritime hardware-heavy business model compared to pure-play software peers.
The EV/EBITDA multiple of 19.96 appears elevated for a company currently generating negative operating margins, implying that the market may be pricing in a significant turnaround or acquisition potential rather than current fundamental performance. This valuation suggests that investors are looking past the immediate lack of profitability, though the lack of a clear path to positive earnings warrants caution regarding the sustainability of these multiples.
As reported in financial statements, the company's 17.79% gross margin highlights a structural dependency on third-party satellite capacity, which effectively caps the firm's ability to generate the high-margin returns typically associated with successful technology-driven maritime digitalization solutions in the current competitive landscape.
The negative operating margin of -1.93% indicates that the company's current revenue volume is insufficient to cover its fixed overhead and R&D expenditures. This suggests that the firm is currently prioritizing market share acquisition over unit economics, a strategy that may prove difficult to maintain without a significant shift toward higher-margin proprietary software offerings.
Based on the company's reported cash reserves of $443,117, the firm faces a precarious liquidity position that leaves little room for error in managing its working capital requirements or absorbing potential shocks in the volatile maritime telecommunications market, as noted in recent regulatory filings.
The low cash balance relative to the company's scale suggests that the firm may be forced to seek dilutive financing if it cannot reach cash-flow break-even in the near term. Investors should monitor the company's ability to manage its accounts receivable and inventory levels, as any disruption in cash conversion could rapidly exhaust the remaining liquidity.
As indicated by the company's financial profile, the most commonly misapplied metric for IOTR is the revenue growth rate, which often leads analysts to incorrectly value the firm as a high-margin SaaS entity rather than a low-margin hardware integrator with significant operational overhead.
Using standard SaaS valuation multiples for IOTR obscures the reality that a large portion of its revenue is tied to low-margin hardware sales and third-party airtime resale. Analysts should instead focus on gross margin expansion and the 'Active Vessel Count' to better assess the company's true progress toward a sustainable, high-margin business model.
Includes 30+ ratios · 4 years · Updated daily
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Quick answers to the most common questions about buying IOTR stock.
iOThree Limited Ordinary Shares's current EV/EBITDA is 20.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
iOThree Limited Ordinary Shares's return on equity (ROE) is -12.4%. The historical average is 13.5%.
Based on historical data, iOThree Limited Ordinary Shares is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
iOThree Limited Ordinary Shares has 17.8% gross margin and -1.9% operating margin.
iOThree Limited Ordinary Shares's Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.