Latest Ratios: P/E Ratio 226.8x · EV/EBITDA 145.9x · ROE 2.4%. (2022–2024 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 |
|---|---|---|---|---|
| Market Cap | $159M | $1.8B | — | — |
| Enterprise Value | $161M | $1.8B | — | — |
| P/E Ratio → | 226.83 | 2747.97 | — | — |
| P/S Ratio | 21.75 | 239.92 | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| EV / Revenue | — | 240.22 | — | — |
| EV / EBITDA | 145.87 | 1589.56 | — | — |
| EV / EBIT | — | 2647.63 | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Gross Margin | 66.9% | 66.9% | 57.7% | 56.4% |
| Operating Margin | -0.4% | -0.4% | 10.7% | -99.9% |
| Net Profit Margin | 8.7% | 8.7% | 2.0% | -97.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ROE | 2.4% | 2.4% | 0.4% | -417.7% |
| ROA | 1.9% | 1.9% | 0.4% | -77.9% |
| ROIC | -0.1% | -0.1% | 1.8% | -101.4% |
| ROCE | -0.1% | -0.1% | 2.5% | -427.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Debt / Equity | — | — | 0.03 | 2.97 |
| Debt / EBITDA | 2.64 | 2.64 | 1.33 | — |
| Net Debt / Equity | — | — | -0.02 | 2.16 |
| Net Debt / EBITDA | 1.97 | 1.97 | -0.84 | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -0.35 | -0.35 | 63.20 | -1085.71 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Current Ratio | 0.28 | 0.28 | 1.00 | 1.06 |
| Quick Ratio | 0.19 | 0.19 | 0.90 | 0.79 |
| Cash Ratio | 0.11 | 0.11 | 0.56 | 0.22 |
| Asset Turnover | — | 0.82 | 0.11 | 0.80 |
| Inventory Turnover | 4.03 | 4.03 | 4.25 | 1.64 |
| Days Sales Outstanding | — | 21.14 | 12.26 | 10.24 |
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 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.0% | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $52M | $8M | $1M |
Insufficient liquidity for operations
According to recent market data, DSY trades at a P/S ratio of 21.75, a valuation that appears disconnected from its negative operating margins and suggests investors are pricing in aggressive growth expectations that the company's current financial performance has yet to justify or sustain.
The elevated P/S multiple relative to the company's small revenue base implies a high-growth narrative that is not currently supported by the underlying fundamentals. Investors should monitor whether this valuation premium is a reflection of speculative interest or a misunderstanding of the company's limited scale and lack of consistent profitability.
Based on reported figures, DSY's ROIC has fluctuated into negative territory, reaching -1.2% in 2024Q4, which indicates that the company is currently destroying rather than creating value for shareholders through its core business activities and capital allocation decisions.
The inability to generate positive returns on invested capital suggests that the company's cost of growth, particularly in marketing and customer acquisition, is outpacing the returns generated by its premium product positioning. This trend warrants further investigation into whether the business model can ever achieve the scale necessary to reach a positive return threshold.
As reported in financial statements, the company's cash conversion cycle reached 217 days in 2024Q4, a significant duration that highlights severe inefficiencies in managing inventory and collecting receivables compared to industry standards for consumer goods manufacturers.
The extremely high days inventory outstanding (DIO) of 420 days suggests that the company is struggling to move product through its distribution channels, potentially indicating a mismatch between production levels and actual consumer demand. This inefficiency ties up critical liquidity and increases the risk of inventory obsolescence in a fast-moving consumer category.
Based on the 2024Q4 current ratio of 0.28, DSY faces a precarious liquidity position, as the company's current assets are insufficient to cover its short-term liabilities, leaving it highly vulnerable to any disruption in cash flow or access to external financing.
The rapid decline in the quick ratio from 1.27 in 2023Q3 to 0.19 in 2024Q4 underscores a deteriorating ability to meet immediate obligations without relying on further capital raises. This liquidity profile suggests that the company may be forced into dilutive financing or aggressive cost-cutting measures to maintain basic operations.
Investors frequently misapply the 67% gross margin as a proxy for fundamental strength, yet this metric obscures the reality that DSY's operating expenses consistently exceed its gross profit, rendering the high margin insufficient to support the company's current cost structure.
The focus on gross margin ignores the high customer acquisition costs inherent in the Chinese e-commerce landscape, which effectively nullifies the premium pricing power. A more appropriate metric for this business model would be the contribution margin after marketing spend, which would likely reveal a much more challenging path to profitability.
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Quick answers to the most common questions about buying DSY stock.
Big Tree Cloud Holdings Limited's current P/E ratio is 226.8x. This places it at the 50th percentile of its historical range.
Big Tree Cloud Holdings Limited's current EV/EBITDA is 145.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Big Tree Cloud Holdings Limited's return on equity (ROE) is 2.4%. The historical average is -138.3%.
Based on historical data, Big Tree Cloud Holdings Limited is trading at a P/E of 226.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Big Tree Cloud Holdings Limited has 66.9% gross margin and -0.4% operating margin.
Big Tree Cloud Holdings Limited's Debt/EBITDA ratio is 2.6x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.