Latest Ratios: P/E Ratio -0.3x · EV/EBITDA N/A · ROE -88.5%. (2017–2025 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 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1M | $12M | $11M | $13M | $10M | $55M | — | — | — | — |
| Enterprise Value | $322699 | $11M | $11M | $12M | $8M | $53M | — | — | — | — |
| P/E Ratio → | -0.33 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.09 | 1.10 | 0.66 | 0.54 | 0.71 | 5.56 | — | — | — | — |
| P/B Ratio | 0.43 | 5.54 | 2.66 | 3.97 | 1.63 | 11.59 | — | — | — | — |
| P/FCF | — | — | — | — | — | 169.66 | — | — | — | — |
| P/OCF | — | — | — | — | — | 157.54 | — | — | — | — |
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 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.04 | 0.63 | 0.51 | 0.56 | 5.33 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | 162.60 | — | — | — | — |
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 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 1.5% | 1.5% | 2.0% | 0.8% | 1.8% | 9.5% | 55.0% | 77.2% | 59.0% | — |
| Operating Margin | -22.3% | -22.3% | -13.3% | -8.5% | -36.7% | -95.3% | -58.3% | -302.2% | 52.0% | — |
| Net Profit Margin | -25.7% | -25.7% | -13.8% | -17.9% | -34.1% | -96.7% | -54.0% | -275.1% | 37.2% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -88.5% | -88.5% | -62.9% | -90.8% | -87.9% | -262.8% | -38.2% | -92.6% | 183.9% | — |
| ROA | -37.8% | -37.8% | -47.5% | -65.1% | -64.1% | -163.1% | -15.3% | -33.1% | 82.4% | -1.1% |
| ROIC | -70.0% | -70.0% | -54.1% | -47.2% | -121.5% | -301.3% | -34.0% | -76.5% | 193.2% | — |
| ROCE | -35.9% | -35.9% | -60.5% | -41.1% | -91.0% | -258.9% | -41.2% | -98.8% | 246.7% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.31 | 3.31 | 0.01 | 0.15 | 0.11 | 0.03 | 0.28 | 0.03 | 0.00 | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.00 | — |
| Net Debt / Equity | — | -0.32 | -0.11 | -0.23 | -0.36 | -0.48 | -0.12 | -0.01 | -0.00 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -0.00 | — |
| Debt / FCF | — | — | — | — | — | -7.06 | — | -0.05 | — | — |
| Interest Coverage | — | — | — | — | — | -2465.38 | — | -191.60 | — | — |
Net cash position: cash ($8M) exceeds total debt ($7M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 12.06 | 12.06 | 2.00 | 0.97 | 2.13 | 3.05 | 1.72 | 0.96 | 1.89 | 0.96 |
| Quick Ratio | 12.06 | 12.06 | 1.99 | 0.92 | 2.07 | 2.32 | 0.99 | 0.85 | 1.83 | 0.01 |
| Cash Ratio | 11.60 | 11.60 | 0.76 | 0.81 | 1.91 | 1.16 | 0.43 | 0.01 | 0.00 | 0.01 |
| Asset Turnover | — | 1.09 | 3.48 | 4.75 | 1.73 | 1.45 | 0.24 | 0.14 | 1.13 | — |
| Inventory Turnover | — | — | 1984.63 | 263.09 | 150.86 | 5.88 | 0.31 | 0.36 | 14.47 | — |
| Days Sales Outstanding | — | — | 15.97 | 2.80 | 6.14 | 88.90 | 415.59 | 1743.80 | 305.86 | — |
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 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | 0.6% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $476883 | $441657 | $327133 | $262546 | $203575 | $261165 | $274516 | $222365 | $222222 |
Rapid capital structure deterioration
Based on recent market data, Nocera trades at a price-to-sales multiple of 0.13, which suggests that investors are heavily discounting the company's future revenue potential due to the persistent negative growth and the lack of a clear path toward achieving sustainable profitability in the aquaculture sector.
The current P/S multiple of 0.13 is significantly lower than typical industrial engineering peers, indicating that the market views the company as a distressed asset rather than a growth-oriented ag-tech firm. This valuation implies that the market is pricing in a high probability of continued revenue contraction and potential liquidity events, rather than any meaningful recovery in project-based income.
As reported in financial statements, Nocera's gross margin has languished at 1.46%, a figure that underscores the firm's inability to exert pricing power or achieve meaningful economies of scale within the highly competitive and cost-sensitive landscape of specialized aquaculture infrastructure manufacturing and regional service delivery.
The operating margin of -22.25% reveals that the company's fixed administrative overhead significantly outweighs its gross profit generation, suggesting a fundamental failure to achieve the necessary scale to cover core operating expenses. Investors should monitor whether this margin profile is a result of temporary supply chain inflation or a permanent lack of competitive differentiation.
According to quarterly data, Nocera's ROIC has consistently remained in negative territory, reaching -17.5% in 2026Q1, which indicates that the company is failing to generate any return on its invested capital and is instead actively destroying shareholder value through its current project-based operational model.
The persistent negative ROIC trend suggests that the company's investments in RAS technology and facility construction are not yielding the expected returns, likely due to high project costs and insufficient pricing power. This decay in capital efficiency warrants further investigation into whether management can pivot toward higher-margin service lines to stabilize returns.
As reported in financial statements, Nocera's debt-to-equity ratio surged to 8.58 in 2026Q1, a dramatic increase from the 0.01 levels observed in late 2025, suggesting that the firm has resorted to debt financing to bridge the widening gap between its operating cash outflows and project revenue.
This rapid increase in leverage, coupled with the company's inability to generate positive cash flow, indicates that debt service is becoming increasingly uncomfortable and may pose a significant refinancing risk. Investors should monitor the company's ability to manage these rising liabilities, as the current capital structure appears increasingly unsustainable.
The current ratio of 8.00 is frequently misapplied by observers to suggest a strong liquidity position, yet this metric obscures the reality that the company's assets are largely tied up in project-based receivables and inventory that may not be easily converted to cash to cover operating losses.
Relying on the current ratio ignores the underlying cash burn and the lack of recurring revenue, which are the true drivers of Nocera's financial health. A more appropriate metric would be the cash burn rate relative to the remaining cash balance, which provides a clearer picture of the company's actual runway and survival risk.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying NCRA stock.
Nocera, Inc.'s current P/E ratio is -0.3x. This places it at the 50th percentile of its historical range.
Nocera, Inc.'s return on equity (ROE) is -88.5%. The historical average is -67.5%.
Based on historical data, Nocera, Inc. is trading at a P/E of -0.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nocera, Inc. has 1.5% gross margin and -22.3% operating margin.