Latest Ratios: P/E Ratio 31.6x · EV/EBITDA N/A · ROE 75.6%. (2022–2025 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 |
|---|---|---|---|---|---|
| Market Cap | $50M | $75M | — | — | — |
| Enterprise Value | $52M | $77M | — | — | — |
| P/E Ratio → | 31.57 | 47.43 | — | — | — |
| P/S Ratio | 35.82 | 53.39 | — | — | — |
| P/B Ratio | 17.88 | 26.86 | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 54.55 | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 2.6% | 2.6% | 8.0% | 7.3% | 8.9% |
| Operating Margin | -14.3% | -14.3% | 1.3% | 2.8% | 1.4% |
| Net Profit Margin | 111.9% | 111.9% | -0.2% | 1.0% | 0.5% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | 75.6% | 75.6% | -10.8% | — | — |
| ROA | 26.9% | 26.9% | -0.7% | 3.4% | 1.2% |
| ROIC | -3.6% | -3.6% | 4.3% | 9.5% | 3.4% |
| ROCE | -4.5% | -4.5% | 6.2% | 18.8% | 6.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.65 | 0.65 | 3.77 | — | — |
| Debt / EBITDA | — | — | 22.55 | 10.92 | 29.91 |
| Net Debt / Equity | — | 0.58 | 1.85 | — | — |
| Net Debt / EBITDA | — | — | 11.05 | 8.80 | 25.79 |
| Debt / FCF | — | — | — | 3.42 | — |
| Interest Coverage | -5.32 | -5.32 | 0.82 | 1.63 | 1.45 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 6.51 | 6.51 | 2.87 | 1.67 | 1.57 |
| Quick Ratio | 5.07 | 5.07 | 1.80 | 0.95 | 0.59 |
| Cash Ratio | 3.87 | 3.87 | 1.30 | 0.41 | 0.25 |
| Asset Turnover | — | 0.28 | 2.66 | 3.38 | 2.37 |
| Inventory Turnover | 1.50 | 1.50 | 7.46 | 8.73 | 4.11 |
| Days Sales Outstanding | — | 187.60 | 0.60 | 10.93 | 9.32 |
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 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | 620.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | 3.2% | 2.1% | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $25M | $21M | $25M | $25M |
Core business model collapse
As reported in recent financial filings, SORA's gross margin of 9.0% in 2024Q4 reflects a precarious reliance on low-value-add trading, while the operating margin of 3.6% appears insufficient to cover fixed costs, suggesting that the firm's true earning power remains fundamentally strained and highly volatile.
The thin gross margins indicate that SORA lacks the pricing power necessary to absorb market fluctuations in the luxury watch sector. Investors should monitor the divergence between operating and net margins, as the latter is often inflated by non-recurring items that mask the underlying weakness of the core trading business.
Based on the company's reported figures, the ROIC of 8.8% in 2024Q4 represents a significant decline from historical levels, suggesting that the firm is struggling to generate meaningful returns on its invested capital as its core luxury watch distribution business continues to face severe competitive headwinds.
The volatility in ROE and ROIC metrics suggests that capital allocation is currently reactive rather than strategic. This trend warrants further investigation into whether the company can maintain its current asset base without further eroding shareholder value through inefficient capital deployment.
According to the latest quarterly data, SORA's cash conversion cycle has fluctuated significantly, with DIO rising to 18 days in 2024Q4, which implies that the company is struggling to maintain the inventory velocity required to support its thin-margin business model in a cooling luxury market.
The erratic nature of the cash conversion cycle suggests that the company lacks control over its supply chain and customer payment terms. This inefficiency likely exacerbates the firm's liquidity constraints, as capital remains tied up in inventory that is not turning over at a sustainable rate.
As indicated by the 2024Q4 balance sheet, SORA's debt-to-equity ratio of 3.77 suggests a high degree of leverage relative to its shrinking revenue base, which may limit the company's ability to navigate future operational downturns or secure necessary financing for inventory acquisitions.
The interest coverage ratio of 2.51 indicates that debt service is becoming increasingly burdensome as operating income remains unstable. Investors should monitor the company's ability to refinance these obligations, as the current leverage profile appears unsustainable given the ongoing contraction in the core business.
Financial analysts often misapply the net margin metric to SORA, failing to recognize that the reported 111.91% net margin is a non-operational anomaly that obscures the reality of a loss-making core business, rather than reflecting genuine profitability or sustainable operational success in the luxury sector.
Relying on net margin for this business model is dangerous because it ignores the structural operating losses and the reliance on one-time gains. A more accurate assessment would focus on operating cash flow and gross margin, which better capture the firm's ability to generate value from its primary trading activities.
Includes 30+ ratios · 4 years · Updated daily
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Quick answers to the most common questions about buying SORA stock.
AsiaStrategy's current P/E ratio is 31.6x. The historical average is 47.4x.
AsiaStrategy's return on equity (ROE) is 75.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 32.4%.
Based on historical data, AsiaStrategy is trading at a P/E of 31.6x. Compare with industry peers and growth rates for a complete picture.
AsiaStrategy has 2.6% gross margin and -14.3% operating margin.