Latest Ratios: P/E Ratio -4.7x · EV/EBITDA N/A · ROE -317.9%. (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 | $5M | $277823 | $519571 | $378574 | — | — | — |
| Enterprise Value | $7M | $2M | $3M | $2M | — | — | — |
| P/E Ratio → | -4.70 | — | — | — | — | — | — |
| P/S Ratio | 0.69 | 0.04 | 0.06 | 0.05 | — | — | — |
| P/B Ratio | 1.25 | 0.07 | 0.41 | 0.09 | — | — | — |
| 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 | — | 0.29 | 0.36 | 0.30 | — | — | — |
| 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 | 23.7% | 23.7% | 20.5% | 20.5% | 25.3% | 162.1% | 27.8% |
| Operating Margin | -85.4% | -85.4% | -83.7% | -80.3% | -18.2% | -5.0% | -3.3% |
| Net Profit Margin | -114.5% | -114.5% | -88.4% | -82.5% | 39.0% | -16.5% | -2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -317.9% | -317.9% | -266.5% | -226.9% | 168.3% | -8.4% | -8.8% |
| ROA | -104.3% | -104.3% | -84.5% | -74.6% | 41.9% | -2.6% | -2.9% |
| ROIC | -98.9% | -98.9% | -104.0% | -90.4% | -23.8% | -0.9% | — |
| ROCE | -222.4% | -222.4% | -234.6% | -191.8% | -66.2% | -2.5% | -10.0% |
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 | 0.69 | 0.69 | 2.50 | 0.85 | 2.22 | 1.62 | 1.09 |
| Debt / EBITDA | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.46 | 1.90 | 0.49 | 1.71 | 1.32 | 0.80 |
| Net Debt / EBITDA | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -51.83 | -51.83 | -16.79 | -21.68 | -7.74 | -0.01 | -0.49 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.47 | 1.47 | 0.84 | 1.76 | 1.37 | 0.87 | 0.58 |
| Quick Ratio | 1.47 | 1.47 | 0.84 | 1.76 | 1.41 | 0.87 | 0.56 |
| Cash Ratio | 0.19 | 0.19 | 0.14 | 0.26 | 0.15 | 0.12 | 0.14 |
| Asset Turnover | — | 0.81 | 1.15 | 0.79 | 1.19 | 0.15 | 1.02 |
| Inventory Turnover | — | — | — | — | — | 943.20 | 85.93 |
| Days Sales Outstanding | — | 301.67 | 176.54 | 387.86 | 261.60 | 723.12 | 100.50 |
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 | — | $3M | $399670 | $142858 | $1M | $1M | $1M |
Imminent liquidity shortfall
Based on reported figures, VSME trades at a P/S multiple of 0.62, which appears to reflect a distressed discount as the market prices in the company's persistent negative net margin of -114.49% and the significant risk of an imminent liquidity shortfall in the coming quarters.
The current P/B ratio of 1.12 suggests that the market assigns minimal value to the company's tangible assets, likely due to the absence of proprietary technology or defensible intellectual property. Investors should monitor whether this valuation floor holds, as the lack of positive earnings makes traditional P/E or EV/EBITDA metrics effectively meaningless for assessing intrinsic value.
As reported in financial statements, VSME's ROIC has trended into negative territory, reaching -6.6% in 2025Q4, which suggests that the company is currently destroying shareholder value rather than compounding it through its localized creator-led content services and agency-based business model.
The persistent decay in ROIC appears driven by an inability to scale revenue while maintaining a high fixed-cost base in the competitive Hong Kong market. This trend warrants further investigation into whether the company's human-capital-intensive moat is fundamentally incompatible with achieving positive returns on invested capital.
According to recent SEC filings, VSME's DSO remains exceptionally high, peaking at 1,225 days in 2023Q4, which highlights a severe disconnect between revenue recognition and actual cash collection that significantly impairs the company's ability to manage its working capital cycle effectively.
The extremely long collection cycle suggests that the company may be offering extended credit terms to clients to maintain its creator roster, which creates a structural cash flow mismatch. This inefficiency appears to be a primary driver of the company's reliance on external financing to cover its ongoing operational burn.
Based on the most recent quarterly data, VSME's current ratio of 1.47 masks a precarious liquidity position, as the company's cash reserves of $976,088 appear insufficient to cover the ongoing operational losses and potential creator payout obligations in the near term.
The company's liquidity position appears vulnerable to even minor disruptions in the timing of brand payments or platform ad-revenue sharing. Investors should monitor the cash-to-loss ratio closely, as the current burn rate suggests that the company may face a liquidity crisis without immediate access to additional capital.
Analysts frequently misapply the P/S ratio to VSME, which obscures the reality that the company's gross revenue likely includes significant pass-through payments to creators, thereby inflating the perceived scale of the business while ignoring the underlying margin compression and negative operating leverage.
A more appropriate metric would be a 'net take-rate' adjusted revenue, which would better reflect the company's actual value-add as an agency. Relying on headline revenue figures may lead to an overestimation of the company's market position and a failure to recognize the fragility of its current business model.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying VSME stock.
VS Media Holdings Limited Class A Ordinary Shares's current P/E ratio is -4.7x. This places it at the 50th percentile of its historical range.
VS Media Holdings Limited Class A Ordinary Shares's return on equity (ROE) is -317.9%. The historical average is -110.0%.
Based on historical data, VS Media Holdings Limited Class A Ordinary Shares is trading at a P/E of -4.7x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
VS Media Holdings Limited Class A Ordinary Shares has 23.7% gross margin and -85.4% operating margin.