Latest Ratios: P/E Ratio -1.2x · EV/EBITDA 7.2x · ROE 21.8%. (1995–2024 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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7M | $9M | $8M | $14M | $41M | $10M | $9M | $18M | $14M | $28M | $35M |
| Enterprise Value | $81M | $82M | $-7859590 | $-451290 | $37M | $4M | $1M | $8M | $9M | $16M | $27M |
| P/E Ratio → | -1.22 | — | — | 1.39 | — | — | — | 12.72 | — | — | 22.08 |
| P/S Ratio | 0.10 | 0.12 | — | — | 2.08 | 0.58 | 0.40 | 0.54 | 0.53 | 1.14 | 1.24 |
| P/B Ratio | 0.59 | 0.72 | 0.53 | 1.04 | 12.72 | 1.53 | 0.79 | 1.10 | 0.94 | 1.88 | 1.42 |
| P/FCF | — | — | 17.14 | 1.31 | — | — | — | 3.10 | 22.45 | — | 12.64 |
| P/OCF | — | — | 15.85 | 1.31 | — | — | — | 2.52 | 7.83 | — | 10.89 |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.16 | — | — | 1.89 | 0.24 | 0.07 | 0.23 | 0.35 | 0.65 | 0.94 |
| EV / EBITDA | 7.21 | 7.35 | — | — | — | — | — | 2.58 | 21.02 | — | 7.33 |
| EV / EBIT | 10.31 | 10.45 | — | — | — | — | — | 4.11 | — | — | 10.77 |
| EV / FCF | — | — | -16.41 | -0.04 | — | — | — | 1.34 | 14.89 | — | 9.57 |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 26.1% | 26.1% | — | — | 16.6% | 16.3% | 20.1% | 37.8% | 31.8% | 28.7% | 44.9% |
| Operating Margin | 11.0% | 11.0% | — | — | -24.6% | -27.7% | -28.4% | 5.5% | -3.4% | -8.3% | 8.7% |
| Net Profit Margin | 4.2% | 4.2% | — | — | -18.1% | -26.4% | -25.9% | 4.2% | -2.4% | -5.2% | 5.4% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.8% | 21.8% | 16.7% | 121.1% | -71.7% | -52.0% | -40.7% | 9.0% | -4.3% | -6.5% | 6.2% |
| ROA | 5.1% | 5.1% | 12.8% | 63.5% | -28.3% | -29.5% | -27.1% | 6.1% | -2.5% | -4.3% | 4.9% |
| ROIC | 13.8% | 13.8% | — | — | -4083.2% | -161.6% | -91.6% | 16.9% | -10.5% | -16.4% | 11.0% |
| ROCE | 14.5% | 14.5% | -24.1% | -27.7% | -80.2% | -49.1% | -41.3% | 10.8% | -5.6% | -9.9% | 9.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.35 | 6.35 | 0.00 | — | 0.06 | 0.17 | 0.02 | — | — | — | — |
| Debt / EBITDA | 6.75 | 6.75 | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 6.20 | -1.03 | -1.08 | -1.15 | -0.90 | -0.65 | -0.62 | -0.32 | -0.81 | -0.34 |
| Net Debt / EBITDA | 6.59 | 6.59 | — | — | — | — | — | -3.39 | -10.67 | — | -2.35 |
| Debt / FCF | — | — | -33.55 | -1.35 | — | — | — | -1.76 | -7.56 | — | -3.07 |
| Interest Coverage | 2.64 | 2.64 | — | — | -133.08 | -151.22 | — | — | — | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.41 | 2.41 | 15.17 | 2.81 | 1.56 | 2.21 | 3.05 | 3.10 | 3.04 | 1.98 | 4.55 |
| Quick Ratio | 0.70 | 0.70 | 15.17 | 2.81 | 1.56 | 2.19 | 2.99 | 3.04 | 2.99 | 1.95 | 4.49 |
| Cash Ratio | 0.23 | 0.23 | 14.67 | 1.96 | 0.58 | 1.12 | 1.44 | 1.60 | 0.81 | 1.02 | 3.01 |
| Asset Turnover | — | 0.71 | — | — | 1.83 | 1.22 | 1.27 | 1.38 | 1.20 | 0.88 | 0.89 |
| Inventory Turnover | 3.94 | 3.94 | — | — | 856.47 | 172.07 | 53.39 | 58.57 | 59.90 | 54.66 | 39.74 |
| Days Sales Outstanding | — | 11.49 | — | — | 98.27 | 127.32 | 130.30 | 97.63 | 168.81 | 156.10 | 108.59 |
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 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 0.0% | 0.1% | 0.2% | 0.1% | 58.6% | — | — |
| Payout Ratio | — | — | — | — | — | — | — | 1.0% | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 71.8% | — | — | — | 7.9% | — | — | 4.5% |
| FCF Yield | — | — | 5.8% | 76.2% | — | — | — | 32.3% | 4.5% | — | 7.9% |
| Buyback Yield | 0.0% | 0.0% | 5.9% | 0.0% | 0.0% | 0.0% | 0.0% | 2.1% | 0.1% | 1.1% | 5.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 5.9% | 0.0% | 0.0% | 0.1% | 0.2% | 2.2% | 58.8% | 1.1% | 5.0% |
| Shares Outstanding | — | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M |
Pivot execution and liquidity
Based on reported figures, LDWY trades at a P/S ratio of 0.10, which suggests the market is heavily discounting the company's future prospects as it transitions from a legacy advertising firm to a lending marketplace, leaving the stock without a meaningful P/E multiple for traditional comparative analysis.
The absence of a positive P/E ratio and the depressed P/B of 0.59 indicate that investors are currently pricing the company as a distressed asset rather than a growth-oriented fintech. This valuation gap implies that the market remains skeptical of the management's ability to successfully pivot the business model without further dilutive capital raises.
According to recent financial statements, LDWY's ROIC has collapsed to -2.7% in 2025Q3, a sharp reversal from the positive returns observed in early 2025, which highlights the significant capital destruction occurring as the firm attempts to scale its new lending operations while legacy margins erode.
The volatility in ROIC, which swung from 2.2% in 2025Q2 to negative territory, suggests that the company is struggling to deploy capital efficiently across its bifurcated business segments. Investors should monitor whether this trend represents a temporary investment phase or a structural inability to generate value from the new lending marketplace.
As reported in quarterly filings, the cash conversion cycle has ballooned to 1,157 days in 2025Q3, driven by a massive spike in days inventory outstanding to 1,316 days, which indicates severe inefficiencies in managing the legacy advertising assets during the company's ongoing strategic pivot.
The dramatic lengthening of the cash conversion cycle suggests that the company is holding onto obsolete or slow-moving inventory from its legacy business, tying up critical liquidity. This inefficiency appears to be a major drag on the firm's ability to fund its new lending initiatives without relying on external debt.
Based on the latest quarterly data, LDWY's debt-to-equity ratio has surged to 6.83, reflecting a significant increase in financial leverage that warrants further investigation as the company attempts to support its capital-intensive lending marketplace with a shrinking equity base of only $9.3M.
The negative interest coverage ratio of -3.70 in 2025Q3 suggests that the company is currently unable to service its debt obligations from operating income alone. This level of leverage, combined with a thin cash buffer, leaves the company highly vulnerable to any further deterioration in its core business performance.
As indicated by the company's financial data, the most commonly misapplied metric for LDWY is the P/E ratio, which obscures the reality that the firm is no longer a pure-play advertising agency but a nascent, loss-making specialty finance startup that requires a different valuation framework.
Using traditional advertising multiples to value LDWY ignores the fundamental shift in risk profile and capital requirements associated with its lending marketplace. Analysts should instead focus on loan portfolio quality and net interest margins, as the legacy advertising metrics are increasingly irrelevant to the company's long-term terminal value.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LDWY stock.
Lendway, Inc.'s current P/E ratio is -1.2x. The historical average is 32.1x.
Lendway, Inc.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.6x.
Lendway, Inc.'s return on equity (ROE) is 21.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is -5.6%.
Based on historical data, Lendway, Inc. is trading at a P/E of -1.2x. Compare with industry peers and growth rates for a complete picture.
Lendway, Inc. has 26.1% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
Lendway, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.