Latest Ratios: P/E Ratio -21.6x · EV/EBITDA N/A · ROE N/A. (2023–2025 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 |
|---|---|---|---|---|
| Market Cap | $9M | — | — | — |
| Enterprise Value | $9M | — | — | — |
| P/E Ratio → | -21.58 | — | — | — |
| P/S Ratio | 12.03 | — | — | — |
| P/B Ratio | — | — | — | — |
| P/FCF | 28.60 | — | — | — |
| P/OCF | 28.45 | — | — | — |
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 |
|---|---|---|---|---|
| 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 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | 12.7% | 12.7% | 20.6% | 92.0% |
| Operating Margin | -42.1% | -42.1% | 2.6% | 63.6% |
| Net Profit Margin | -44.6% | -44.6% | 2.6% | 62.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | — | — | — | — |
| ROA | -60.7% | -60.7% | 35.8% | 56.7% |
| ROIC | — | — | — | — |
| ROCE | — | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | — | — | — | — |
| Debt / EBITDA | — | — | 2.23 | 0.81 |
| Net Debt / Equity | — | — | — | — |
| Net Debt / EBITDA | — | — | 2.13 | -0.89 |
| Debt / FCF | — | -0.57 | — | -0.75 |
| Interest Coverage | -16.14 | -16.14 | 72.26 | 42.37 |
Net cash position: cash ($268436) exceeds total debt ($26694)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 0.58 | 0.58 | 0.08 | 0.03 |
| Quick Ratio | 0.58 | 0.58 | 0.08 | 0.03 |
| Cash Ratio | 0.12 | 0.12 | 0.00 | 0.03 |
| Asset Turnover | — | 0.75 | 9.65 | 0.91 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 44.09 | 17.71 | — |
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 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | 3.5% | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — |
| Shares Outstanding | — | $18M | $18M | $21M |
Insolvency and liquidity risk
Based on reported figures, FTRK's P/S ratio of 12.10 appears disconnected from its negative earnings profile, suggesting that the market may be mispricing the firm's speculative recovery potential relative to the severe fundamental challenges inherent in its current project-based entertainment and agency business model.
The negative P/E of -21.70 underscores the lack of sustainable profitability, rendering traditional earnings-based valuation metrics largely irrelevant for assessing the company's intrinsic value. Investors should monitor whether the current premium valuation is a result of low liquidity or an overly optimistic expectation of a turnaround in regional event demand.
As reported in financial statements, FTRK's gross margin has fluctuated between 2.5% and 40.1%, indicating that the company lacks the pricing power required to consistently absorb the high variable costs associated with artiste fees and production logistics in the competitive Southeast Asian entertainment market.
The operating margin of -42.12% suggests that the company's fixed cost base is entirely disproportionate to its current revenue scale, leading to persistent value destruction. Without a shift toward higher-margin consultancy services or proprietary IP, the firm appears unlikely to achieve the operating leverage necessary for long-term viability.
According to recent SEC filings, the company's asset turnover ratio has remained consistently low, often dipping below 0.12, which reveals that FTRK is failing to generate sufficient revenue from its existing asset base to justify the capital tied up in event production and artiste brokerage.
The extreme volatility in DSO and DPO metrics suggests a lack of control over the cash conversion cycle, likely exacerbated by the transactional nature of concert tours. This inefficiency forces the company to rely on external financing or vendor credit, further complicating its already precarious liquidity position.
Based on the company's reported figures, the current ratio of 0.58 as of 2025Q4 indicates that current liabilities significantly outweigh current assets, leaving the firm with virtually no buffer to absorb unexpected operational shocks or the high costs associated with international event production and artiste deposits.
With a cash balance of only $268,436, the company appears highly vulnerable to even minor delays in ticket sales or sponsorship payments. This liquidity profile warrants significant caution, as it suggests the firm may be forced to seek dilutive capital to fund its ongoing operational commitments.
Analysts frequently misapply the P/S ratio to FTRK, failing to recognize that the company's reported revenue often includes gross ticket billings that do not reflect the firm's actual economic interest or net commission, thereby masking the underlying fragility of its pass-through business model.
Investors should instead focus on net commission revenue and cash flow generation, as the gross revenue figure significantly overstates the company's scale and profitability potential. Relying on top-line multiples in this context obscures the reality that the firm acts more as a high-risk promoter than a scalable agency.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying FTRK stock.
Fast Track Group's current P/E ratio is -21.6x. This places it at the 50th percentile of its historical range.
Based on historical data, Fast Track Group is trading at a P/E of -21.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Fast Track Group has 12.7% gross margin and -42.1% operating margin.