Latest Ratios: P/E Ratio 193.7x · EV/EBITDA 85.0x · ROE 81.3%. (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 | $208M | — | — |
| Enterprise Value | $208M | — | — |
| P/E Ratio → | 193.69 | — | — |
| P/S Ratio | 21.73 | — | — |
| P/B Ratio | 145.65 | — | — |
| P/FCF | — | — | — |
| P/OCF | 1586.79 | — | — |
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 | 85.04 | — | — |
| EV / EBIT | 148.43 | — | — |
| 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 | 81.2% | 81.2% | 81.3% |
| Operating Margin | 14.7% | 14.7% | 17.9% |
| Net Profit Margin | 11.9% | 11.9% | 15.0% |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| ROE | 81.3% | 81.3% | 100.9% |
| ROA | 22.2% | 22.2% | 23.4% |
| ROIC | 73.1% | 73.1% | 100.6% |
| ROCE | 74.5% | 74.5% | 78.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Debt / Equity | 1.59 | 1.59 | 1.77 |
| Debt / EBITDA | 0.97 | 0.97 | 0.88 |
| Net Debt / Equity | — | 0.14 | -0.10 |
| Net Debt / EBITDA | 0.09 | 0.09 | -0.05 |
| Debt / FCF | — | — | -0.15 |
| Interest Coverage | 12.66 | 12.66 | 14.82 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Current Ratio | 1.16 | 1.16 | 0.90 |
| Quick Ratio | 0.93 | 0.93 | 0.71 |
| Cash Ratio | 0.76 | 0.76 | 0.67 |
| Asset Turnover | — | 2.07 | 1.55 |
| Inventory Turnover | 2.80 | 2.80 | 2.42 |
| 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 | 0.4% | — | — |
| Payout Ratio | 82.4% | 82.4% | 78.0% |
| Metric | TTM | FY 2024 | FY 2023 |
|---|---|---|---|
| Earnings Yield | 0.5% | — | — |
| FCF Yield | — | — | — |
| Buyback Yield | 0.0% | — | — |
| Total Shareholder Yield | 0.4% | — | — |
| Shares Outstanding | — | $21M | $20M |
High Fixed Cost Exposure
According to the latest quarterly filings, Pitanium Limited achieved an 87.2% gross margin, yet this impressive figure is undermined by a negative 3.7% operating margin, suggesting that the company's high-street retail cost structure is currently failing to scale effectively against its proprietary product pricing power.
The divergence between the robust gross margin and the negative operating margin indicates that the company's SG&A expenses, likely driven by prime Hong Kong retail leases, are disproportionately high. Investors should monitor whether management can optimize these fixed costs, as the current inability to achieve operating leverage suggests a structural inefficiency in the retail-heavy business model.
As reported in recent financial statements, PTNM's ROIC has plummeted to -25.0% in 2025Q2, a stark reversal from the 110.4% level observed in 2024Q1, which indicates that the company is currently destroying shareholder value rather than compounding it through its existing retail and product investments.
The rapid deterioration in return on invested capital suggests that the capital deployed into the six prime retail locations is not generating sufficient incremental returns to cover the associated operating costs. This trend warrants further investigation into whether the company's expansion strategy is fundamentally flawed or if it is suffering from a temporary, yet severe, cyclical downturn in local consumer spending.
Based on the provided quarterly data, PTNM's days inventory outstanding has reached 121 days, which, when compared to the company's stagnant revenue growth, suggests that the firm is struggling to move its proprietary beauty formulations through its retail channels efficiently, thereby tying up critical working capital.
The high DIO indicates that the company may be overstocking its PITANIUM and BIG PI lines, which poses a risk of future inventory write-downs given the shelf-life sensitivity of beauty products. This inefficiency in the cash conversion cycle is likely contributing to the observed cash burn and limits the company's ability to pivot its capital toward more productive growth initiatives.
As indicated by the latest balance sheet, PTNM maintains a debt-to-equity ratio of 1.45, which appears increasingly precarious as the company's negative interest coverage ratio of -6.30 highlights a growing inability to service debt obligations through its current core retail operations.
The reliance on external financing to sustain operations in a high-cost environment like Hong Kong leaves the company vulnerable to liquidity shocks. Investors should monitor the company's ability to refinance these obligations, as the current negative cash flow profile suggests that the debt burden may become unsustainable without a significant improvement in operational performance.
Market participants often misapply standard retail revenue multiples to PTNM, which obscures the reality that the company's high-street footprint functions more as a fixed-cost liability than a scalable asset, necessitating a shift toward analyzing the company's unit-level profitability rather than top-line growth metrics.
Valuing PTNM based on revenue multiples ignores the significant operational leverage risk inherent in its prime Hong Kong lease commitments. A more appropriate approach would be to evaluate the company based on its ability to generate positive free cash flow per store, as the current valuation likely fails to account for the high probability of margin compression in a volatile commercial real estate market.
Includes 30+ ratios · 2 years · Updated daily
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Quick answers to the most common questions about buying PTNM stock.
Pitanium Limited's current P/E ratio is 193.7x. This places it at the 50th percentile of its historical range.
Pitanium Limited's current EV/EBITDA is 85.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Pitanium Limited's return on equity (ROE) is 81.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 91.1%.
Based on historical data, Pitanium Limited is trading at a P/E of 193.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Pitanium Limited's current dividend yield is 0.43% with a payout ratio of 82.4%.
Pitanium Limited has 81.2% gross margin and 14.7% operating margin. Operating margin between 10-20% is typical for established companies.
Pitanium Limited's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.