Latest Ratios: P/E Ratio N/A · EV/EBITDA N/A · ROE -10.5%. (2020–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Market Cap | — | — | — | — | — |
| Enterprise Value | — | — | — | — | — |
| P/E Ratio → | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — |
| P/B Ratio | — | — | — | — | — |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| 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 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — |
| Operating Margin | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| ROE | -10.5% | -10.5% | 44.2% | -8.9% | -23.3% |
| ROA | -10.0% | -10.0% | 42.0% | -8.0% | -19.7% |
| ROIC | -9.2% | -9.2% | 49.7% | -11.9% | -23.2% |
| ROCE | -10.1% | -10.1% | 51.1% | -11.6% | -23.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | — | 0.02 | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | -0.11 | -0.20 | -0.28 | -0.23 |
| Net Debt / EBITDA | — | — | -0.53 | — | — |
| Debt / FCF | — | — | — | — | — |
| Interest Coverage | -31.27 | -31.27 | — | — | -907.97 |
Net cash position: cash ($19M) exceeds total debt ($7M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Current Ratio | 5.49 | 5.49 | 5.38 | 3.66 | 1.52 |
| Quick Ratio | 5.49 | 5.49 | 5.38 | 3.66 | 1.52 |
| Cash Ratio | 5.35 | 5.35 | 5.32 | 3.62 | 1.40 |
| Asset Turnover | — | — | — | — | — |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — |
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 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | — | — | — | — | — |
| Total Shareholder Yield | — | — | — | — | — |
| Shares Outstanding | — | $0 | $0 | $0 | $0 |
Dilutive capital dependency
According to recent financial disclosures, Nova Minerals reported a return on equity of -7.3% in 2025Q4, underscoring the company's current inability to generate positive returns on invested capital while it remains entirely focused on the capital-intensive exploration and evaluation of the Estelle Gold Project.
The persistent negative ROIC, which stood at -2.2% in the most recent quarter, reflects the structural reality of a pre-revenue miner where capital is consumed rather than compounded. Investors should note that until the company transitions from exploration to production, these metrics will continue to signal value destruction rather than operational efficiency.
Based on the 2025Q4 balance sheet, the company maintains a current ratio of 3.49, which appears superficially robust but warrants caution as it must support significant ongoing exploration overheads without the benefit of any incoming operational cash flow to replenish the firm's dwindling liquid reserves.
While the current ratio has improved from 0.83 in 2024Q2, this liquidity is largely a function of periodic equity raises rather than internal cash generation. The reliance on external funding leaves the company vulnerable to market volatility, as any disruption in capital access could immediately jeopardize the continuity of its Alaskan exploration programs.
As reported in financial statements, the company's days payable outstanding reached 4402 in 2025Q4, a metric that reflects the unique nature of a pre-revenue explorer managing long-term vendor contracts rather than standard operational working capital cycles typical of established manufacturing or service-based industrial entities.
The extreme DPO figure suggests that the company is effectively deferring cash outflows to manage its limited liquidity, a strategy that may not be sustainable as the project moves toward more capital-intensive development phases. This lack of a standard cash conversion cycle highlights the company's dependence on external financing to bridge the gap between exploration and potential future production.
Investors frequently misapply traditional P/E or EV/EBITDA multiples to Nova Minerals, which obscures the reality that the company is a pre-revenue developer whose value is derived from resource ounces in the ground rather than current earnings or cash flow generation capacity.
Using earnings-based multiples for a company with no revenue is fundamentally flawed and leads to misleading valuation conclusions. Analysts should instead focus on metrics such as Enterprise Value per Ounce of gold equivalent or the net asset value of the Estelle project, adjusted for the significant dilution risks inherent in the company's current capital structure.
Includes 30+ ratios · 4 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying NVAWW stock.
Nova Minerals Limited's return on equity (ROE) is -10.5%. The historical average is 0.4%.
Based on historical data, Nova Minerals Limited is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.