Latest Ratios: P/E Ratio -7.1x · EV/EBITDA N/A · ROE -140.1%. (2020–2025 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 |
|---|---|---|---|---|---|---|---|
| Market Cap | $19M | $25M | $132M | $778M | — | — | — |
| Enterprise Value | $19M | $25M | $132M | $779M | — | — | — |
| P/E Ratio → | -7.14 | — | — | — | — | — | — |
| P/S Ratio | 4.25 | 4.23 | 34.16 | 168.57 | — | — | — |
| P/B Ratio | 8.54 | 7.16 | 53.84 | 219.48 | — | — | — |
| 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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.28 | 34.19 | 168.63 | — | — | — |
| 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 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 49.6% | 49.6% | 59.9% | 52.1% | 55.3% | 55.7% | 54.6% |
| Operating Margin | -62.8% | -62.8% | -117.2% | -54.3% | -15.0% | 1.3% | -11.1% |
| Net Profit Margin | -70.8% | -70.8% | -104.2% | -161.5% | -12.1% | 1.6% | -12.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -140.1% | -140.1% | -134.1% | -385.5% | -237.9% | — | — |
| ROA | -46.6% | -46.6% | -52.3% | -102.2% | -14.3% | 1.2% | -7.1% |
| ROIC | -87.6% | -87.6% | -106.3% | -58.8% | -33.7% | 3.3% | -30.4% |
| ROCE | -115.6% | -115.6% | -136.4% | -83.8% | -59.7% | 3.7% | -22.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.99 | 0.99 | 0.25 | 0.41 | 8.61 | — | — |
| Debt / EBITDA | — | — | — | — | — | 14.24 | — |
| Net Debt / Equity | — | 0.08 | 0.04 | 0.08 | 6.95 | — | — |
| Net Debt / EBITDA | — | — | — | — | — | 10.97 | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -7.18 | -7.18 | -125.12 | -39.62 | -3.99 | 2.49 | -3.19 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 0.88 | 1.51 | 1.09 | 1.32 | 1.16 |
| Quick Ratio | 0.80 | 0.80 | 0.69 | 1.32 | 0.83 | 1.01 | 1.08 |
| Cash Ratio | 0.44 | 0.44 | 0.12 | 0.26 | 0.13 | 0.21 | 0.36 |
| Asset Turnover | — | 0.53 | 0.58 | 0.53 | 1.09 | 0.85 | 0.60 |
| Inventory Turnover | 3.59 | 3.59 | 1.95 | 2.55 | 2.75 | 1.68 | 4.63 |
| Days Sales Outstanding | — | 54.55 | 112.62 | 350.78 | 44.78 | 185.01 | 191.57 |
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $6M | $16M | $16M | $16M | $16M | $16M |
Unsustainable Cash Burn Rate
Based on reported financial figures, SPPL trades at a price-to-sales multiple of 4.25, which appears to price in significant future growth potential rather than current profitability, as the company continues to report a negative TTM P/E ratio of -7.14 according to recent market data.
The current valuation suggests that investors are assigning a premium to the company's proprietary AI software engine rather than its hardware-heavy revenue stream. This multiple warrants caution, as it implies a high-growth trajectory that may be difficult to sustain given the company's current operational losses and project-based revenue volatility.
As reported in financial statements, SPPL's ROIC has remained consistently negative, reaching -32.9% in 2025Q4, which indicates that the company is currently destroying shareholder value rather than compounding it through its investments in robotic middleware and facility management infrastructure.
The persistent negative return on capital suggests that the company's heavy investment in R&D and physical hardware deployment has yet to reach the scale required for operational efficiency. Investors should monitor whether the company can improve its asset turnover, which remains low at 0.21, to justify the capital intensity of its business model.
According to recent quarterly filings, SPPL's cash conversion cycle has fluctuated significantly, reaching 86 days in 2025Q4, which suggests that the company faces ongoing challenges in managing its inventory and collecting receivables efficiently compared to its historical performance and industry peers.
The high DSO of 85 days and DIO of 71 days highlight the difficulty of balancing hardware sales with a service-oriented model. This inefficiency in working capital management appears to be a primary driver of the company's cash burn, as capital remains tied up in inventory and uncollected customer payments for extended periods.
Based on the 2025Q4 balance sheet, SPPL maintains a current ratio of 0.91, which, as reported in financial filings, indicates that current liabilities slightly exceed current assets, leaving the firm with a limited buffer to manage its ongoing cash burn and short-term operational obligations.
The company's liquidity position appears vulnerable, particularly given the $3.1M cash reserve relative to its ongoing net losses. This suggests that the firm may face significant pressure to secure additional financing or achieve a rapid improvement in cash flow to avoid potential solvency concerns in the near term.
Market participants often misapply the price-to-sales ratio to SPPL, failing to account for the high hardware-to-software mix that obscures the company's true earning power and long-term scalability, as noted in recent institutional research regarding hybrid technology firms.
Using a standard P/S multiple for SPPL likely overstates its value by treating hardware revenue, which carries significant COGS, as equivalent to high-margin SaaS revenue. Analysts should instead focus on the software attachment ratio or gross margin trends to better assess the company's transition toward a more scalable, recurring revenue model.
Includes 30+ ratios · 6 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SPPL stock.
SIMPPLE Ltd. Ordinary Shares's current P/E ratio is -7.1x. This places it at the 50th percentile of its historical range.
SIMPPLE Ltd. Ordinary Shares's return on equity (ROE) is -140.1%. The historical average is -224.4%.
Based on historical data, SIMPPLE Ltd. Ordinary Shares is trading at a P/E of -7.1x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
SIMPPLE Ltd. Ordinary Shares has 49.6% gross margin and -62.8% operating margin.