Latest Ratios: P/E Ratio 245.1x · EV/EBITDA 232.6x · ROE N/A. (2023–2024 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 |
|---|---|---|---|
| Market Cap | $191M | — | — |
| Enterprise Value | $191M | — | — |
| P/E Ratio → | 245.10 | — | — |
| P/S Ratio | 86.21 | — | — |
| P/B Ratio | — | — | — |
| 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 |
|---|---|---|---|
| EV / Revenue | — | — | — |
| EV / EBITDA | 232.62 | — | — |
| EV / EBIT | 245.53 | — | — |
| 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 |
|---|---|---|---|
| Gross Margin | 67.8% | 67.8% | 47.8% |
| Operating Margin | 35.1% | 35.1% | -210.7% |
| Net Profit Margin | 35.2% | 35.2% | -212.5% |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| ROE | — | — | — |
| ROA | 97.3% | 97.3% | -177.4% |
| ROIC | — | — | — |
| ROCE | 121.9% | 121.9% | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Debt / Equity | — | — | — |
| Debt / EBITDA | — | — | — |
| Net Debt / Equity | — | — | — |
| Net Debt / EBITDA | -0.40 | -0.40 | — |
| Debt / FCF | — | — | — |
| Interest Coverage | — | — | — |
Net cash position: cash ($323738) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Current Ratio | 3.02 | 3.02 | 0.37 |
| Quick Ratio | 3.02 | 3.02 | 0.37 |
| Cash Ratio | 1.22 | 1.22 | 0.00 |
| Asset Turnover | — | 2.45 | 0.83 |
| 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 2024 | FY 2023 |
|---|---|---|---|
| Dividend Yield | — | — | — |
| Payout Ratio | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Earnings Yield | 0.4% | — | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | — | — |
| Shares Outstanding | — | $11M | $18M |
Liquidity and capital erosion
According to 2024Q3 financial statements, PLTS achieved a robust 81.8% gross margin, yet this high-value product mix is currently insufficient to offset operating expenses, resulting in a net margin of -10.5% that highlights the firm's ongoing struggle to achieve sustainable bottom-line profitability at its current scale.
The disparity between the high gross margin and the negative net margin suggests that the company's cost structure is heavily weighted toward fixed operating expenses rather than variable costs. Investors should monitor whether the firm can achieve sufficient operating leverage to turn these gross profits into consistent net income as it scales its institutional client base.
Based on the 2024Q3 balance sheet, the company maintains a current ratio of 3.02, which appears superficially healthy but masks a precarious cash position that provides limited flexibility given the firm's recent history of negative operating cash flows and the absence of significant liquid assets.
While the current ratio suggests an ability to cover short-term obligations, the reliance on non-cash assets in the current ratio calculation warrants caution. The firm's liquidity position appears vulnerable to any unexpected delays in client payments or sudden increases in infrastructure costs, which could quickly exhaust available cash reserves.
As reported in the latest quarterly filings, the firm's asset turnover ratio of 0.13 indicates a low level of efficiency in generating revenue from its existing asset base, suggesting that the company is still in the early stages of deploying its capital to drive meaningful institutional adoption.
This low turnover ratio is typical for a firm in the early stages of building out a complex ECN infrastructure, but it implies that the company must significantly increase its revenue velocity to justify its current asset base. The lack of efficient asset utilization suggests that the firm's current scale is not yet optimized for the capital intensity of its business model.
Investors frequently misapply top-line growth rates to PLTS without adjusting for the quality of earnings, as the 280% revenue growth figure obscures the underlying cash burn and the potential for aggressive revenue recognition practices that may not reflect sustainable, recurring institutional demand for the platform.
Relying solely on revenue growth in this context is misleading because it ignores the significant disconnect between accounting income and actual cash generation. A more appropriate metric for this business model would be the ratio of cash flow from operations to revenue, which would provide a clearer picture of the firm's ability to self-fund its growth.
Includes 30+ ratios · 2 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying PLTS stock.
Platinum Analytics Cayman Limited Class A Ordinary Shares's current P/E ratio is 245.1x. This places it at the 50th percentile of its historical range.
Platinum Analytics Cayman Limited Class A Ordinary Shares's current EV/EBITDA is 232.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Based on historical data, Platinum Analytics Cayman Limited Class A Ordinary Shares is trading at a P/E of 245.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Platinum Analytics Cayman Limited Class A Ordinary Shares has 67.8% gross margin and 35.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.