Latest Ratios: P/E Ratio -12.6x · EV/EBITDA N/A · ROE -191.1%. (2022–2024 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 | FY 2022 |
|---|---|---|---|---|
| Market Cap | $226M | — | — | — |
| Enterprise Value | $232M | — | — | — |
| P/E Ratio → | -12.58 | — | — | — |
| P/S Ratio | 132.11 | — | — | — |
| P/B Ratio | 20.91 | — | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| EV / Revenue | — | — | — | — |
| 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 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Gross Margin | -332.0% | -332.0% | -1755.0% | 10.7% |
| Operating Margin | -844.7% | -844.7% | -4218.0% | -5538.1% |
| Net Profit Margin | -932.6% | -932.6% | -4224.7% | -5716.9% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ROE | -191.1% | -191.1% | -763.7% | -80.7% |
| ROA | -78.8% | -78.8% | -347.6% | -47.0% |
| ROIC | -62.8% | -62.8% | -294.0% | — |
| ROCE | -163.0% | -163.0% | -744.4% | -78.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.57 | 1.80 | 0.59 |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | 0.57 | 1.78 | 0.55 |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -16.48 | -16.48 | -126.60 | -32.76 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Current Ratio | 0.03 | 0.03 | 0.08 | 0.11 |
| Quick Ratio | 0.03 | 0.03 | 0.08 | 0.11 |
| Cash Ratio | 0.00 | 0.00 | 0.01 | 0.06 |
| Asset Turnover | — | 0.09 | 0.09 | 0.01 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 24.25 | 167.46 | 825.84 |
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 | FY 2022 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — |
| Shares Outstanding | — | $23M | $23M | $23M |
Imminent liquidity exhaustion
According to recent financial filings, WSHP trades at a P/S multiple of 117.37, a figure that appears entirely detached from the company's contracting revenue base and the absence of any discernible path toward achieving positive earnings or sustainable cash flow generation in the near term.
The elevated P/S ratio suggests that market participants may be pricing the equity as a speculative option on survival rather than a reflection of fundamental business performance. Given the negative P/E and the lack of forward-looking profitability metrics, this valuation appears to rely on unrealistic growth assumptions that are contradicted by the company's recent 10.87% revenue decline.
As reported in financial statements, WSHP's gross margin profile remains deeply negative, with the company spending significantly more on service delivery than it generates in revenue, a trend that highlights a fundamentally unsustainable unit economic model that lacks any clear path toward achieving positive contribution margins.
The persistent negative gross margins suggest that the company's core service offering is inherently loss-making at its current scale. This structural imbalance implies that any attempt to grow the business further would likely exacerbate the existing cash burn rather than lead to operational leverage.
Based on reported figures, the company's DSO of 20 days and DPO of 130 days indicate a reliance on supplier financing to bridge the gap between service delivery and cash collection, a strategy that appears increasingly fragile given the company's minimal cash reserves of $28,066.
The significant disparity between collection and payment cycles suggests that WSHP is effectively using its vendors as a source of interest-free credit. Investors should monitor whether this leverage is sustainable, as any tightening of credit terms by suppliers could trigger an immediate liquidity crisis.
As indicated by the 2025Q2 data, the company's debt-to-equity ratio has surged to 1.74, up from 0.57 in 2024Q4, which suggests that management is increasingly relying on debt financing to bridge the widening gap between operational costs and the firm's rapidly declining revenue generation capacity.
The increase in leverage, coupled with a negative interest coverage ratio of -10.15, indicates that the company is struggling to service its existing obligations. This trajectory suggests that the firm's ability to access further credit is likely severely constrained, increasing the probability of dilutive equity financing.
According to the latest quarterly filings, WSHP's current ratio has plummeted to a precarious 0.02, reflecting a severe liquidity crisis where cash reserves are vastly insufficient to cover the company's mounting short-term liabilities and ongoing operational cash burn requirements.
This liquidity position suggests that the company is operating on the brink of insolvency, with virtually no buffer to absorb operational shocks or unexpected expenses. The reliance on current liabilities to fund long-term assets, which are largely composed of goodwill, warrants extreme caution from potential investors.
The most commonly misapplied metric for WSHP is the debt-to-equity ratio, which investors often interpret as a sign of balance sheet health, whereas in this specific business model, it actually reflects an inability to access traditional credit markets and a reliance on distressed financing.
Instead of focusing on traditional leverage ratios, analysts should prioritize the cash-to-burn ratio to assess the company's remaining runway. Relying on D/E in a company with negative equity and minimal tangible assets obscures the reality that the firm's capital structure is effectively hollowed out by persistent losses.
Includes 30+ ratios · 3 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying WSHP stock.
WeShop Holdings Limited Class A Ordinary Shares's current P/E ratio is -12.6x. This places it at the 50th percentile of its historical range.
WeShop Holdings Limited Class A Ordinary Shares's return on equity (ROE) is -191.1%. The historical average is -135.9%.
Based on historical data, WeShop Holdings Limited Class A Ordinary Shares is trading at a P/E of -12.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
WeShop Holdings Limited Class A Ordinary Shares has -332.0% gross margin and -844.7% operating margin.