ValueScreener company report

HUB Cyber Security Ltd. (HUBC)

Name: HUB Cyber Security Ltd. (HUBC) filed financial figures
Creator: ValueScreener

NASDAQ / Technology / Software - Infrastructure

Share price

0.38 USD Market dataClose of Oct 14, 2026

Market capitalisation

677.4K USD Market dataClose of Oct 14, 2026

Market data: Oct 14, 2026
Filed accounts: FY2024, filed May 1, 2025
Ratios computed: Oct 14, 2026
Filed years: 5, FY2020 to FY2024

Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means

SEC filingFiled with the SEC: Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement: What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data: Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener: Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.

Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Quality

Return on invested capital, after tax

n/m Computed

From the FY2024 filing

Why n/m

Equity plus debt less cash is zero or below, so there is no invested capital to divide by (n/m).

Read quality

Financial strength

Current ratio

0.17 Computed

From the FY2024 filing

Read financial strength

Valuation

Price to earnings

n/m Computed

FY2024 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Free cash flow yield

n/m Computed

FY2024 accounts, priced at the latest close

Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

Read cash generation

Revenue and net income, by fiscal year

Revenue Net income6 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.

Named tests met: 0 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it cheap

Free cash flow yield is -200.0% at the close of 2026-10-14 on FY2024 figures; the lines are 2.0%, 5.0% and 8.0%, set by convention, and this sits below the lowest.

Today, against the Software - Infrastructure industry (127 companies), -200.0% sits at the 2nd percentile; the middle half of that group runs from -8.6% to 7.3%.

Is it good

Operating margin was -88.7% in FY2024. No published threshold exists for operating margin, so its standing against peers is the reading.

Today, against the Software - Infrastructure industry (123 companies), -88.7% sits at the 15th percentile; the middle half of that group runs from -24.9% to 12.7%.

Is it safe

Current ratio was 0.17 in FY2024, in the band labelled "Short-term liabilities exceed short-term assets" (below 1.00), on lines anchored on Graham's defensive-investor criteria, suggesting short-term obligations above short-term assets.

Today, against the Software - Infrastructure industry (129 companies), 0.17 sits at the 3rd percentile; the middle half of that group runs from 1.00 to 2.21.

Year by year against peers: Whether HUB Cyber Security Ltd.'s operating margin stayed above the median of the Software - Infrastructure industry, year by year. (FY2019 to FY2024, 6 fiscal years of HUB Cyber Security Ltd. with a comparable figure)
The direction: Which way HUB Cyber Security Ltd.'s gross margin has moved, and how steadily. (FY2019 to FY2024, 6 filed years of HUB Cyber Security Ltd.)
What could explain it: What in HUB Cyber Security Ltd.'s filed statements could explain the movements. (3 readings drawn from the statement lines HUB Cyber Security Ltd. filed)
What to check next: What to check next on HUB Cyber Security Ltd., and where in its filings. (4 questions for HUB Cyber Security Ltd.)
In one paragraph: One paragraph on HUB Cyber Security Ltd.'s returns, cash, balance sheet and price. (6 of sixteen figures read for HUB Cyber Security Ltd.)

These are HUBC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research HUBCPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2024 annual report: 20-F, filed May 1, 2025, accession 0001213900-25-038038.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

HUB Cyber Security Ltd: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/m Equity plus debt less cash is zero or below, so there is no invested capital to divide by (n/m).	n/m ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Return on equity Why n/m Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.	n/m ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Return on capital employed, pre-tax Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Return on assets	-145.0% ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Gross margin	17.1% ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Operating margin	-88.7% ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Net margin	-134.5% ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038

HUBC -134.5%

-11325.7%-5.4%

Net margin: HUBC against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

HUB Cyber Security Ltd: leverage, liquidity and distress, each with its source
Figure	Value, source and document
Debt to equity Why n/m Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).	n/m ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Current ratio	0.17 ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Quick ratio	0.17 ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Interest coverage Why n/m Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).	n/m ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Altman Z-score	-17.46 ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Net debt	12.6M ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038

Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)

The balance sheet, line by line

Financial health

What HUB Cyber Security Ltd owned and owed at the end of fiscal 2024, from the balance sheet it filed (20-F, filed May 1, 2025, 0001213900-25-038038).

HUB Cyber Security Ltd: balance sheet position
Total assets	27.4M FiledFY2024 20-F, filed May 1, 2025
Total liabilities	108.2M FiledFY2024 20-F, filed May 1, 2025
Shareholders' equity	-80.8M FiledFY2024 20-F, filed May 1, 2025
Cash	3.1M FiledFY2024 20-F, filed May 1, 2025
Total debt	15.7M FiledFY2024 20-F, filed May 1, 2025
Net debt	12.6M
Current ratio	0.17
Debt to equity	n/m

Debt to equity: FY2024: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Interest cover: FY2024: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

HUB Cyber Security Ltd: what the market charges, each with its source
Figure	Value, source and document
Price to earnings Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
P/E on trailing twelve months Why n/a A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.	n/a ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book Why n/m Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.	n/m ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Price to sales	0.02x ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Enterprise value to EBIT Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Enterprise value to EBITDA Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Price to earnings over growth Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Diluted earnings per share Why n/a The FY2024 filing carries no diluted earnings per share we could read.	n/a FiledFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Graham number Why n/m Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.	n/m ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038

We publish no fair value or price target of our own. Value HUBC on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for HUB Cyber Security Ltd today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

HUB Cyber Security Ltd: valuation
Share price	0.38 USD
Market capitalisation	677.4K USD
Enterprise value to EBITDA	n/a
Graham number	n/m
Diluted earnings per share, FY2019	n/a

Diluted earnings per share, FY2019: Filed before the 1-for-10 split on 15 Dec 2023, the 1-for-10 split on 31 Mar 2025, the 1-for-15 split on 16 Jan 2026, the 1-for-50 split on 20 Apr 2026, the 1-for-20 split on 8 Jun 2026 and the 1-for-25 split on 14 Sep 2026, and the filing it was read from cannot be placed against them, so it is not put on today's share count and is not shown beside figures that are.

Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.

Companies like HUB Cyber Security Ltd

Same industry (Software - Infrastructure) and size band (Nano, under 50M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

HUB Cyber Security Ltd: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield Why n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.	n/m ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Free cash flow	-17.2M USD ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Free cash flow margin	-58.2% ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Dividend yield Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 14, 2026 · FY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Payout ratio Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038

Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

HUB Cyber Security Ltd.: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	n/m	FY2024	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/m	FY2024	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/a	FY2024	Oct 14, 2026
n/a Operating profit is zero or negative, so there is no profit for a buyer's price to be a multiple of.
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/m	FY2024	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/m	FY2024	May 1, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2024. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/a	FY2024	Oct 14, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/m	FY2024	May 1, 2025
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2024. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	0.17	FY2024	May 1, 2025
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2024. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	0.02x	FY2024	Oct 14, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	n/m	FY2024	Oct 14, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	-17.46	FY2024	Oct 14, 2026
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 14, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	-8.01	FY2024	May 1, 2025
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2024. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab
	3/9	FY2024	May 1, 2025
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2024. Form20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itIncome statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itBalance sheetFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tabForm20-FFiledMay 1, 2025PeriodFY2024Accession0001213900-25-038038What we read from itCash flow statementFY2024Open on SEC.gov, accession 0001213900-25-038038, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2024, the newest full year on file. 5 filed fiscal years on record, FY2020 to FY2024, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

6 fiscal years, FY2019 to FY2024. 5 read from the annual reports HUB Cyber Security Ltd filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

HUB Cyber Security Ltd: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
Year	Revenue	Operating income	Net income	EPS, diluted	Free cash flow	Operating margin	Return on equity	Filing
FY2024	29.6M	-26.2M	-39.8M	n/a	-17.2M	-88.7%	n/m	20-F, May 1, 20250001213900-25-038038
FY2023	42.7M	-77.7M	-87.4M	n/a	-16.5M	-182.2%	n/m	20-F, Aug 16, 20240001213900-24-070066
FY2022	50.0M	-80.4M	-81.6M	n/a	-24.1M	-160.8%	-1272.3%	20-F, Aug 15, 20230001213900-23-067760
FY2021	29.5M	-13.0M	-13.0M	n/a	-5.7M	-43.9%	-20.1%	20-F, Aug 15, 20230001213900-23-067760
FY2020	38.0K	-2.7M	-2.8M	n/a	-2.9M	-7036.8%	n/a	20-F, Aug 15, 20230001213900-23-067760
FY2019	87.8K	-441.1K	-453.2K	n/a	-409.7K	-502.4%	-35.3%	Market data, supplied Oct 15, 2026accession n/a

Revenue, compound annual growth FY2019 to FY2024: 220.2%
Earnings: Earnings was not positive in both 2019 and 2024, so a compound rate across the window is not defined. Both figures are in the table.
Earnings per share: Fewer than two filed years carry earnings per share.
Free cash flow: Free cash flow was not positive in both 2019 and 2024, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

HUB Cyber Security Ltd: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-8.01 ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Piotroski F-score	3/9 ComputedFY2024 20-F, filed May 1, 2025, 0001213900-25-038038
Named tests met	0 of 30 Computed
Beta	3.16 ComputedClose of Oct 14, 2026

The named tests

Of 30 tests value investors published: 0 met, 19 not met, 11 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)

Meets: None of the named tests.
Does not: Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC
Not measured: Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); High returns and growth; ROIC at or above WACC; P/E times P/B (Benjamin Graham); High returns, low debt; Book or below, low debt (Walter Schloss); Cash-covered dividend; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.

Figures we could not read(20)

Debt to Equity: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
P/B Ratio: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.
P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
Return on Invested Capital: Equity plus debt less cash is zero or below, so there is no invested capital to divide by (n/m).
PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
Return on Equity: Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.
Rev Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
Interest Coverage: Operating income is zero or below, so there is no operating profit to cover the interest bill and coverage is not meaningful (n/m).
Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
Price Tangible Book: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

Value it in the DCF workbench

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

20 figures could not be read on this company, among them Debt to Equity, Positive Earnings Streak, P/B Ratio. Each blank in the table above names the rest, with its reason. 11 named tests come back incomplete because of them, which is neither met nor missed.
We hold 5 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolio How this is computed

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Four questions, at a glance

Quality

Financial strength

Valuation

Cash generation

Revenue and net income, by fiscal year

The reading, in brief

Financial health

Valuation

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The filed figures

Ten years of filed figures

The named tests

What this cannot tell you

Margin Notes