Latest Ratios: P/E Ratio -32.3x · EV/EBITDA N/A · ROE N/A. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.3B | $489M | $433M | $523M | $1.4B | $364M | — | — | — |
| Enterprise Value | $1.4B | $1.3B | $507M | $424M | $508M | $1.4B | $290M | — | — | — |
| P/E Ratio → | -32.31 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | — | — | — | 17.05 | 18.51 | 33.46 | 4.20 | — | — | — |
| P/FCF | 29.99 | 28.13 | — | — | — | — | — | — | — | — |
| P/OCF | 28.57 | 26.80 | — | — | — | — | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 27.60 | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | — | — | — | — | — | — | — | — |
| Operating Margin | — | — | — | — | — | — | — | — | — | — |
| Net Profit Margin | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -954.4% | -152.9% | -164.4% | -87.6% | -45.0% | -11.3% | -9.4% | -9.5% |
| ROA | -74.6% | -74.6% | -129.4% | -81.7% | -122.0% | -74.5% | -41.3% | -10.5% | -9.0% | -9.4% |
| ROIC | — | — | -444.5% | -207.9% | -389.2% | -393.1% | -81.4% | -19.3% | -10.5% | -7.2% |
| ROCE | -104.9% | -104.9% | -145.1% | -95.6% | -161.5% | -89.5% | -32.9% | -21.3% | -13.5% | -9.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 1.16 | 0.01 | 0.01 | 0.00 | 0.00 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | -0.37 | -0.51 | -0.78 | -0.85 | -0.21 | -0.01 | -0.00 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -0.53 | — | — | — | — | — | — | — | — |
| Interest Coverage | -8.42 | -8.42 | -14.92 | -280.39 | — | — | -3673.73 | — | — | — |
Net cash position: cash ($25M) exceeds total debt ($476131)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.09 | 3.09 | 2.50 | 7.35 | 1.73 | 2.75 | 10.05 | 13.58 | 2.01 | 0.90 |
| Quick Ratio | 3.07 | 3.07 | 2.48 | 7.33 | 1.71 | 2.74 | 10.05 | 13.58 | 2.01 | 0.90 |
| Cash Ratio | 3.00 | 3.00 | 2.43 | 7.25 | 1.67 | 2.68 | 10.02 | 13.36 | 1.55 | 0.64 |
| Asset Turnover | — | — | — | — | — | — | — | — | — | — |
| Inventory Turnover | 7.18 | 7.18 | — | — | — | — | — | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 3.3% | 3.6% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $165M | $157M | $142M | $114M | $108M | $77M | $46M | $75M | $75M |
Ecuadorian political and regulatory
As reported in financial statements, Solaris Resources trades at a P/FCF of 29.70, a metric that appears largely disconnected from fundamental performance given the company's lack of commercial revenue and its ongoing reliance on external capital to fund exploration activities at the Warintza project.
The current valuation appears to be driven entirely by the market's anticipation of a future M&A exit rather than any underlying cash-generating capability. Investors should monitor whether this premium can be sustained if the company's exploration timeline faces further regulatory or social delays in Ecuador.
Based on reported figures, the company's ROIC has fluctuated wildly, reaching a negative 104.5% in 2025Q1, which underscores the inherent difficulty of generating positive returns on invested capital while the firm remains in a capital-intensive, pre-revenue development stage without any operational cash flow.
The extreme volatility in ROIC metrics suggests that traditional return-based analysis is currently ineffective for evaluating Solaris. The focus should instead remain on the efficiency of discovery costs, as the company continues to consume capital to expand its mineral resource base.
According to recent quarterly filings, the company's current ratio has compressed from a peak of 7.35 in 2023Q4 to 3.28 by 2026Q1, indicating a narrowing liquidity cushion as the firm continues to burn through its cash reserves to sustain its aggressive drilling programs.
While the current ratio remains above unity, the rapid decline in cash reserves warrants close investigation by investors. The company's liquidity profile appears increasingly sensitive to the timing of future equity raises, as it lacks the internal cash generation to cover its ongoing operational obligations.
As evidenced by the company's financial history, the P/E ratio is the most commonly misapplied metric for Solaris, as the negative TTM P/E of 32.00 obscures the reality that the firm is a pre-revenue explorer rather than a distressed operating business with cyclical earnings.
Investors should prioritize the 'cost per pound of copper equivalent discovered' over traditional earnings multiples. Using P/E or EV/EBITDA for a company in this phase of the business cycle may lead to erroneous conclusions regarding its true economic value and long-term viability.
Includes 30+ ratios · 9 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SLSR stock.
Solaris Resources Inc.'s current P/E ratio is -32.3x. This places it at the 50th percentile of its historical range.
Based on historical data, Solaris Resources Inc. is trading at a P/E of -32.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.