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NVNINvni Group Limited Ordinary Shares
$0.97$1M
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Nvni Group Limited Ordinary Shares (NVNI) Financial Ratios

Latest Ratios: P/E Ratio -0.1x · EV/EBITDA N/A · ROE N/A. (2020–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

NVNI Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Market Cap$1M$8M$74M$34M———
Enterprise Value$11M$58M$125M$105M———
P/E Ratio →-0.13——————
P/S Ratio0.030.040.380.20———
P/B Ratio———————
P/FCF7.238.573.29————
P/OCF0.841.001.9212.25———

P/E links to full P/E history page with 30-year chart

NVNI EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
EV / Revenue—0.300.650.62———
EV / EBITDA——3.43————
EV / EBIT——40.86————
EV / FCF—62.165.54————

NVNI Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Gross Margin65.0%65.0%63.4%60.9%57.6%60.1%83.5%
Operating Margin-13.8%-13.8%8.5%-112.0%-76.8%-34.9%-156.3%
Net Profit Margin-57.4%-57.4%-44.6%-150.7%-91.9%-86.5%-86.0%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
ROE———————
ROA-30.0%-30.0%-20.9%-64.7%-27.4%-27.8%-11.3%
ROIC———-847.3%-3292.4%-158.1%—
ROCE——86.9%-450.0%-69.7%-20.4%-28.0%

NVNI Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Debt / Equity———————
Debt / EBITDA——1.89————
Net Debt / Equity———————
Net Debt / EBITDA——1.39————
Debt / FCF—53.592.25—6.66—-0.75
Interest Coverage-0.61-0.610.04-11.49-6.11-9.17—

NVNI Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Current Ratio0.150.150.160.170.060.100.07
Quick Ratio0.150.150.160.170.060.100.07
Cash Ratio0.030.030.040.030.020.050.07
Asset Turnover—0.570.480.400.340.190.13
Inventory Turnover——————60.73
Days Sales Outstanding—31.3828.2830.8129.5341.630.51

NVNI Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Dividend Yield———————
Payout Ratio———————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Earnings Yield———————
FCF Yield13.8%11.7%30.4%————
Buyback Yield0.0%0.0%0.0%0.0%———
Total Shareholder Yield0.0%0.0%0.0%0.0%———
Shares Outstanding—$3M$3M$2M$2M$3M$0

Key Metrics

Growth RegimeDecelerating
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and solvency crisis

Market Valuation Reflects Distressed Status

As reported in financial statements, NVNI's P/S ratio of 0.03 and negative P/E multiple suggest that the market currently prices the firm as a distressed asset rather than a growth-oriented software aggregator, reflecting deep skepticism regarding the company's ability to achieve long-term profitability or scale its portfolio.

The absence of meaningful EV/EBITDA or forward-looking multiples indicates that investors are currently ignoring traditional SaaS valuation frameworks in favor of liquidation-based assessments. This valuation compression appears to be a direct consequence of the company's inability to demonstrate organic growth or a clear path to positive earnings.

Operating Losses Mask Gross Potential

Based on reported figures, NVNI's 64.97% gross margin indicates a functional software delivery model, yet the -13.80% operating margin highlights a failure to achieve the necessary economies of scale to cover the substantial administrative overhead inherent in its decentralized, acquisition-heavy corporate structure.

While the gross margin is respectable for a diversified software portfolio, the persistent operating losses suggest that the platform costs are disproportionately high relative to the current revenue base. Investors should monitor whether management can rationalize these corporate expenses or if the current cost structure is structurally incompatible with the company's current size.

Severe Liquidity Constraints Threaten Operations

According to recent SEC filings, NVNI's current ratio has deteriorated to a precarious 0.02, signaling a critical lack of liquid assets relative to short-term obligations that leaves the company with virtually no buffer against operational shocks or the need for immediate capital deployment.

This liquidity profile is highly concerning, as it suggests the company is operating with almost no margin for error in its working capital management. The reliance on external financing to cover ongoing losses appears increasingly risky given the current interest rate environment in Brazil.

Capital Efficiency Remains Deeply Negative

As evidenced by the 2023Q2 ROIC of -1.3%, NVNI is currently destroying rather than compounding invested capital, a trend that underscores the fundamental difficulty the firm faces in generating returns that exceed the cost of its capital base.

The negative ROIC trend suggests that the capital deployed for acquisitions is not yet yielding the expected synergies or operational improvements. Without a significant pivot toward higher-margin organic growth, the company's ability to create long-term shareholder value remains highly questionable.

Misapplication of SaaS Valuation Metrics

Investors frequently misapply standard SaaS valuation multiples like EV/Sales to NVNI, which obscures the reality that the company functions more as a distressed holding company than a high-growth software firm, necessitating a shift toward liquidation or cash-flow-based valuation methods instead.

Applying high-growth SaaS multiples to NVNI ignores the significant conglomerate discount and the heavy debt-servicing requirements that characterize its current financial position. Analysts should instead focus on the cash-generative capacity of the underlying subsidiaries, stripping away the corporate-level losses to determine if the core assets possess intrinsic value.

Download Financial Ratios Data

Includes 30+ ratios · 6 years · Updated daily

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NVNI — Frequently Asked Questions

Quick answers to the most common questions about buying NVNI stock.

What is Nvni Group Limited Ordinary Shares's P/E ratio?

Nvni Group Limited Ordinary Shares's current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.

Is NVNI stock overvalued?

Based on historical data, Nvni Group Limited Ordinary Shares 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.

What are Nvni Group Limited Ordinary Shares's profit margins?

Nvni Group Limited Ordinary Shares has 65.0% gross margin and -13.8% operating margin.