Latest Ratios: P/E Ratio -0.4x · EV/EBITDA N/A · ROE -20.9%. (2007–2025 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $588686 | $2M | — | $643M | $1.5B | $8.3B | $10.4B | $8.8B | $14.0B | $9.6B | $7.0B |
| Enterprise Value | $988081 | $5M | — | $812M | $1.6B | $8.5B | $10.6B | $9.0B | $14.2B | $9.8B | $6.9B |
| P/E Ratio → | -0.40 | — | — | — | — | — | 653.67 | 188.67 | 2153.85 | 425.88 | — |
| P/S Ratio | 0.47 | 0.22 | — | 57.30 | 32.72 | 394.95 | 366.48 | 119.66 | 286.11 | 82.01 | 89.46 |
| P/B Ratio | 0.07 | 0.04 | — | — | 5.09 | 26.07 | 23.32 | 20.74 | 38.15 | 16.15 | 12.06 |
| P/FCF | — | — | — | — | — | 811.45 | — | 596.88 | 1576.67 | — | — |
| P/OCF | — | — | — | — | — | 811.45 | — | 586.15 | 513.55 | — | — |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.54 | — | 72.38 | 36.48 | 402.62 | 372.52 | 122.00 | 290.14 | 83.76 | 88.22 |
| EV / EBITDA | — | — | — | — | — | — | 457.65 | 145.74 | 514.55 | 127.62 | 117.17 |
| EV / EBIT | — | — | — | — | — | — | 532.82 | 115.15 | 259.63 | 128.36 | — |
| EV / FCF | — | — | — | — | — | 827.21 | — | 608.55 | 1598.87 | — | — |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.2% | 46.2% | 93.0% | -3397.7% | -42.2% | -568.4% | 100.1% | 159.5% | 299.1% | 71.2% | -125.7% |
| Operating Margin | -66.4% | -66.4% | -4063.1% | -3528.3% | -67.7% | -609.5% | 70.9% | 79.7% | 54.7% | 65.3% | 74.6% |
| Net Profit Margin | -90.9% | -90.9% | -4077.0% | -2822.6% | -54.2% | -487.6% | 55.9% | 63.5% | 13.3% | 19.7% | 42.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -20.9% | -20.9% | -1790.0% | -267.2% | -8.0% | -26.8% | 3.6% | 11.8% | 1.4% | 3.9% | 5.1% |
| ROA | -10.1% | -10.1% | -283.4% | -71.7% | -4.0% | -15.7% | 2.3% | 7.2% | 0.9% | 2.8% | 3.9% |
| ROIC | -9.1% | -9.1% | -464.5% | -102.9% | -4.9% | -17.5% | 2.5% | 7.6% | 2.9% | 7.1% | 5.8% |
| ROCE | -8.4% | -8.4% | -6601.2% | -243.7% | -8.1% | -29.0% | 4.1% | 12.9% | 5.1% | 10.8% | 7.6% |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.47 | — | 0.59 | 0.51 | 0.38 | 0.41 | 0.55 | 0.38 | 0.35 |
| Debt / EBITDA | — | — | — | — | — | — | 7.42 | 2.80 | 7.26 | 2.95 | 3.41 |
| Net Debt / Equity | — | 0.06 | 0.47 | — | 0.59 | 0.51 | 0.38 | 0.41 | 0.54 | 0.35 | -0.17 |
| Net Debt / EBITDA | — | — | — | — | — | — | 7.42 | 2.80 | 7.15 | 2.67 | -1.64 |
| Debt / FCF | — | — | — | — | — | 15.76 | — | 11.67 | 22.21 | — | — |
| Interest Coverage | -4.10 | -4.10 | -584.54 | -21.14 | -1.42 | -5.99 | 0.91 | 3.94 | 2.07 | 2.26 | — |
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.01 | 4.01 | 1.69 | 0.51 | 1.89 | 1.84 | 1.82 | 1.44 | 0.80 | 3.28 | 977.99 |
| Quick Ratio | 4.01 | 4.01 | 1.69 | 0.51 | 1.89 | 1.84 | 1.82 | 1.44 | 0.80 | 3.28 | 977.99 |
| Cash Ratio | 0.62 | 0.62 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.08 | 186.86 |
| Asset Turnover | — | 0.10 | 0.17 | 0.04 | 0.07 | 0.04 | 0.04 | 0.11 | 0.08 | 0.13 | 0.10 |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 0.2% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 44.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 0.2% | 0.5% | 0.0% | 0.2% | — |
| FCF Yield | — | — | — | — | — | 0.1% | — | 0.2% | 0.1% | — | — |
| Buyback Yield | 0.0% | 0.0% | — | 0.0% | 0.0% | 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% | 0.0% | 0.0% | 0.0% | 0.2% |
| Shares Outstanding | — | $1M | $27M | $4M | $2M | $2M | $2M | $2M | $2M | $492041 | $474409 |
Strategic Pivot Execution Failure
According to recent market data, DXF trades at a price-to-book ratio of 0.07, a valuation level that suggests investors are heavily discounting the company's remaining assets due to the ongoing, high-risk transition from legacy micro-lending into unproven digital security and real estate management business lines.
The negative P/E ratio of -0.40 confirms that the market is currently pricing the firm as a distressed entity rather than a growth-oriented technology company. This valuation gap relative to peers indicates that the market lacks confidence in the company's ability to generate future earnings from its new business segments.
As reported in financial statements, the company's ROIC has remained consistently negative, reaching -2.8% in 2025Q4, which highlights a persistent inability to generate returns on invested capital that exceed the cost of maintaining the firm's operational infrastructure during this period of strategic restructuring.
The decay in return metrics over the last ten quarters suggests that capital allocation has been ineffective, with the firm failing to pivot its asset base into productive, high-margin activities. Investors should monitor whether the company can stabilize these returns before its remaining capital is fully exhausted.
Based on reported figures, the asset turnover ratio has plummeted to 0.04 in 2025Q4, indicating that the company is struggling to generate meaningful revenue from its existing asset base as it attempts to navigate the transition away from its legacy credit-focused business model.
The extremely high DSO of 419 days suggests significant challenges in collecting receivables, which may imply that the new revenue streams are not yet supported by robust credit or payment terms. This inefficiency in working capital management further complicates the company's ability to fund its ongoing operational pivot.
According to recent SEC filings, the company's current ratio of 4.01 appears misleadingly high, as it likely masks a lack of liquid, high-quality assets available to cover the high fixed-cost structure required to sustain the firm's new digital security and real estate management operations.
While the current ratio suggests a buffer, the underlying cash position of only $3.3 million indicates that the company is highly vulnerable to any further operational setbacks. The lack of cash flow generation suggests that this liquidity position may deteriorate rapidly if the pivot does not gain immediate traction.
The current ratio is the most commonly misapplied metric for this business model, as it obscures the reality that the company's current assets are likely illiquid or impaired, failing to reflect the true, immediate cash-burn risk inherent in the firm's ongoing strategic pivot.
Analysts should instead focus on the cash burn rate and the quality of current assets, as the current ratio provides a false sense of security for a company in a state of total strategic transition. Relying on standard liquidity ratios ignores the potential for significant asset write-downs in the legacy portfolio.
Includes 30+ ratios · 19 years · Updated daily
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Quick answers to the most common questions about buying DXF stock.
Eason Technology Limited's current P/E ratio is -0.4x. The historical average is 168.6x.
Eason Technology Limited's return on equity (ROE) is -20.9%. The historical average is 19.0%.
Based on historical data, Eason Technology Limited is trading at a P/E of -0.4x. Compare with industry peers and growth rates for a complete picture.
Eason Technology Limited has 46.2% gross margin and -66.4% operating margin.