Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE -159.3%. (2020–2024 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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $358642 | $9M | — | — | — | — |
| Enterprise Value | $344648 | $9M | — | — | — | — |
| P/E Ratio → | -0.14 | — | — | — | — | — |
| P/S Ratio | 0.12 | 3.06 | — | — | — | — |
| P/B Ratio | 0.14 | 3.42 | — | — | — | — |
| 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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.91 | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 76.1% | 76.1% | 65.3% | 53.1% | 66.5% | 79.8% |
| Operating Margin | -109.1% | -109.1% | -68.0% | -73.6% | 1.4% | 31.4% |
| Net Profit Margin | -87.7% | -87.7% | -64.0% | -91.1% | 0.8% | 27.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | -159.3% | -159.3% | -445.5% | -206.9% | 1.2% | 40.7% |
| ROA | -52.0% | -52.0% | -42.4% | -74.5% | 0.6% | 17.2% |
| ROIC | -98.6% | -98.6% | -75.6% | -95.4% | 1.6% | 28.2% |
| ROCE | -191.9% | -191.9% | -394.1% | -151.9% | 1.9% | 36.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 2.73 | 6.03 | 0.30 | 0.52 |
| Debt / EBITDA | — | — | — | — | 5.29 | 1.04 |
| Net Debt / Equity | — | -0.17 | 2.71 | 5.72 | -0.12 | 0.24 |
| Net Debt / EBITDA | — | — | — | — | -2.05 | 0.49 |
| Debt / FCF | — | — | 57.77 | — | — | 0.36 |
| Interest Coverage | -11.52 | -11.52 | -7.66 | -21.07 | 3.71 | 135.39 |
Net cash position: cash ($619944) exceeds total debt ($605950)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.14 | 1.14 | 0.48 | 0.82 | 1.49 | 0.55 |
| Quick Ratio | 0.65 | 0.65 | 0.25 | 0.48 | 1.07 | 0.27 |
| Cash Ratio | 0.27 | 0.27 | 0.00 | 0.02 | 0.61 | 0.26 |
| Asset Turnover | — | 0.59 | 0.64 | 0.99 | 0.58 | 0.63 |
| Inventory Turnover | 0.63 | 0.63 | 1.10 | 1.50 | 1.17 | 1.03 |
| Days Sales Outstanding | — | 1.83 | 52.76 | 129.77 | 96.96 | 2.52 |
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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $332064 | $302486 | $300473 | $400899 | $400899 |
Imminent insolvency and dilution
According to recent financial data, IBG trades at a price-to-sales multiple of 0.12, a valuation level that suggests the market has largely discounted the company's ability to achieve scale, reflecting deep skepticism regarding its long-term viability as a standalone entity in the competitive beverage sector.
The current P/S multiple of 0.12 is significantly lower than typical industry benchmarks, which often implies that investors view the company's revenue as high-risk or potentially unsustainable. This valuation appears to reflect a market consensus that the company's current growth trajectory is insufficient to justify a premium, effectively pricing the equity as a distressed asset rather than a growth-oriented beverage play.
As reported in quarterly filings, IBG's gross margins have fluctuated wildly between 6.1% and 72.1%, indicating that the company's core profitability is highly sensitive to product mix shifts and operational inefficiencies that prevent the realization of consistent, sustainable earning power across its diverse brand portfolio.
While the 76.14% gross margin on proprietary bitters suggests potential for high profitability, the persistent negative operating margin of -109.07% demonstrates that these gains are entirely consumed by corporate overhead and customer acquisition costs. Investors should monitor whether management can stabilize these margins through SKU rationalization, as the current volatility suggests a lack of control over production costs and pricing power.
Based on the provided financial statements, IBG's cash conversion cycle has shown extreme volatility, including a recent figure of -152 days, which suggests that the company's reliance on extended supplier payment terms may be masking significant underlying challenges in inventory turnover and overall working capital management.
The wide swings in days sales outstanding and days inventory outstanding imply that the company is struggling to balance its DTC retail operations with its wholesale manufacturing requirements. This inconsistency in working capital efficiency warrants further investigation, as it may indicate that the company is prioritizing short-term cash preservation over the development of a sustainable, repeatable operational rhythm.
According to the latest balance sheet disclosures, IBG maintains a current ratio of 0.95, a level that, when combined with a cash position of approximately $620,000, suggests the company lacks the necessary liquidity to withstand even minor operational disruptions or further delays in its U.S. market expansion.
The quick ratio of 0.34 further highlights the company's heavy dependence on inventory liquidation to meet short-term obligations, which is a precarious position for a business with volatile sales. This liquidity profile suggests that the company may be forced into dilutive financing rounds in the near term to maintain basic operations, as the current cash runway appears insufficient to cover ongoing losses.
Investors frequently misapply revenue-based valuation multiples to IBG, failing to recognize that the company's current business model functions more like a venture-stage incubator than a mature beverage manufacturer, thereby obscuring the critical importance of customer acquisition cost efficiency over top-line growth metrics.
Using P/S multiples to value IBG ignores the reality that a significant portion of revenue may be tied to low-margin third-party products on its DTC platforms. A more appropriate analytical framework would focus on the contribution margin of proprietary brands and the ratio of marketing spend to new customer revenue, which better captures the true economic health of the business than headline sales figures.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying IBG stock.
Innovation Beverage Group Limited's current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.
Innovation Beverage Group Limited's return on equity (ROE) is -159.3%. The historical average is -154.0%.
Based on historical data, Innovation Beverage Group Limited is trading at a P/E of -0.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Innovation Beverage Group Limited has 76.1% gross margin and -109.1% operating margin.