ValueScreener company report

Yatra Online, Inc. (YTRA)

Name: Yatra Online, Inc. (YTRA) filed financial figures
Creator: ValueScreener

NASDAQ / Consumer Cyclical / Travel Services

Share price

0.95 USD Market dataClose of Oct 15, 2026

Market capitalisation

60.8M USD Market dataClose of Oct 15, 2026

Market data: Oct 15, 2026
Filed accounts: FY2025, filed Jul 31, 2025
Ratios computed: Oct 15, 2026
Filed years: 9, FY2017 to FY2025

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 equity

-2.0% Computed

From the FY2025 filing

Read quality

Financial strength

Debt to equity

0.15 Computed

From the FY2025 filing

Read financial strength

Valuation

Price to book

1.07x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-6.1% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

Revenue Net income9 filed fiscal years, from the annual reports; the table in Filings names each document.

Named tests met: 0 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it good

Return on equity was -2.0% in FY2025, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Consumer Cyclical sector (436 companies), -2.0% sits at the 36th percentile; the middle half of that group runs from -19.6% to 16.9%.

Is it safe

Net debt to EBITDA was 1.08x in FY2025, in the band labelled "Moderate" (1.00x to 2.50x), on lines set by credit-analyst convention.

No peer distribution is published for net debt to EBITDA today; the year-by-year comparison uses the filed annual figures.

Year by year against peers: Whether Yatra Online, Inc.'s return on equity stayed above the median of the Consumer Cyclical sector, year by year. (FY2019 to FY2025, 7 fiscal years of Yatra Online, Inc. with a comparable figure)
The direction: Which way Yatra Online, Inc.'s current ratio has moved, and how steadily. (FY2017 to FY2025, 9 filed years of Yatra Online, Inc.)
What could explain it: What in Yatra Online, Inc.'s filed statements could explain the movements. (6 readings drawn from the statement lines Yatra Online, Inc. filed)
What to check next: What to check next on Yatra Online, Inc., and where in its filings. (4 questions for Yatra Online, Inc.)
In one paragraph: One paragraph on Yatra Online, Inc.'s returns, cash, balance sheet and price. (9 of sixteen figures read for Yatra Online, Inc.)

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

Research YTRAPart 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 FY2025 annual report: 20-F, filed Jul 31, 2025, accession 0001641172-25-021717.

3 of 10

Quality

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

SEC filingComputed

Yatra Online, Inc: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.	n/a ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Return on equity	-2.0% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Return on capital employed, pre-tax	-1.1% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Return on assets	-0.8% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Gross margin	49.2% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Operating margin	-1.1% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Net margin	-1.3% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717

YTRA -1.3%

-5.6%2.1%

Net margin: YTRA 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

Yatra Online, Inc: leverage, liquidity and distress, each with its source
Figure	Value, source and document
Debt to equity	0.15 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Current ratio	2.09 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Quick ratio	2.09 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Altman Z-score	-0.44 ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Net debt	235.3M ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717

Total assets Total liabilities Shareholders’ equity

The balance sheet, line by line

Financial health

What Yatra Online, Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (20-F, filed Jul 31, 2025, 0001641172-25-021717).

Yatra Online, Inc: balance sheet position
Total assets	13.21B FiledFY2025 20-F, filed Jul 31, 2025
Total liabilities	5.30B FiledFY2025 20-F, filed Jul 31, 2025
Shareholders' equity	5.40B FiledFY2025 20-F, filed Jul 31, 2025
Cash	548.7M FiledFY2025 20-F, filed Jul 31, 2025
Total debt	784.0M FiledFY2025 20-F, filed Jul 31, 2025
Net debt	235.3M
Current ratio	2.09
Debt to equity	0.15

Interest cover: FY2025: 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

Yatra Online, Inc: 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 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book	1.07x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Price to sales	0.72x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Enterprise value to EBITDA	27.41x ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Diluted earnings per share Why n/a The FY2025 filing carries no diluted earnings per share we could read.	n/a FiledFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717

We publish no fair value or price target of our own. Value YTRA 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 Yatra Online, Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Yatra Online, Inc: valuation
Share price	0.95 USD
Market capitalisation	60.8M USD
Enterprise value to EBITDA	27.41x
Graham number	n/m
Diluted earnings per share	n/a

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 Yatra Online, Inc

Same sector (Consumer Cyclical) and size band (Micro, 50M to 300M), 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

Yatra Online, Inc: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield	-6.1% ComputedClose of Oct 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Free cash flow	-353.7M INR ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Free cash flow margin	-4.5% ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
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 15, 2026 · FY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Payout ratio Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717

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 filing

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.

Yatra Online, Inc.: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	n/m	FY2025	Oct 15, 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 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	1.07x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 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 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	-6.1%	FY2025	Oct 15, 2026
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	n/a	FY2025	Jul 31, 2025
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
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 FY2025. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 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 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	0.15	FY2025	Jul 31, 2025
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	2.09	FY2025	Jul 31, 2025
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	0.72x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	n/m	FY2025	Oct 15, 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 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	-0.44	FY2025	Oct 15, 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 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	-1.48	FY2025	Jul 31, 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 FY2025. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab
	3/9	FY2025	Jul 31, 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 FY2025. Form20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itIncome statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tabForm20-FFiledJul 31, 2025PeriodFY2025Accession0001641172-25-021717What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001641172-25-021717, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 9 filed fiscal years on record, FY2017 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 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

9 filed fiscal years, FY2017 to FY2025, read from the annual reports Yatra Online, Inc filed with the SEC. Each year names its filing. Amounts in INR, as filed.

Yatra Online, Inc: 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
FY2025	7.95B	-90.3M	-106.9M	n/a	-353.7M	-1.1%	-2.0%	20-F, Jul 31, 20250001641172-25-021717
FY2024	4.19B	-158.8M	-350.9M	n/a	-1.45B	-3.8%	-6.5%	20-F, Jul 31, 20240001493152-24-029794
FY2023	3.83B	79.7M	-289.2M	n/a	-1.98B	2.1%	-40.9%	20-F, Aug 14, 20230001493152-23-028502
FY2022	n/a	-431.5M	-477.9M	n/a	-981.1M	n/a	-53.7%	20-F, Aug 1, 20220001493152-22-020860
FY2021	n/a	-1.47B	-1.18B	n/a	764.4M	n/a	-101.7%	20-F, Jul 29, 20210001493152-21-018011
FY2020	n/a	-625.1M	-833.8M	n/a	-565.9M	n/a	-55.9%	20-F, Jul 31, 20200001047469-20-004348
FY2019	9.36B	-2.58B	-1.15B	n/a	-3.57B	-27.6%	-48.7%	20-F, Jul 31, 20190001047469-19-004463
FY2018	12.25B	-3.36B	-3.99B	n/a	-1.11B	-27.4%	n/m	20-F, Jul 31, 20180001047469-18-005329
FY2017	9.36B	-1.86B	-5.90B	n/a	-1.65B	-19.9%	-188.1%	20-F, Jul 31, 20180001047469-18-005329

Revenue, compound annual growth FY2017 to FY2025: -2.0%
Earnings: Earnings was not positive in both 2017 and 2025, 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 2017 and 2025, 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

Yatra Online, Inc: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-1.48 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Piotroski F-score	3/9 ComputedFY2025 20-F, filed Jul 31, 2025, 0001641172-25-021717
Named tests met	0 of 30 Computed
Beta	1.07 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 21 not met, 9 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: Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; 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); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman)
Not measured: Defensive investor (Benjamin Graham); Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); ROIC at or above WACC; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Cash-covered dividend; Cheapest quarter on P/E (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(16)

Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
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: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
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.
Rev Growth 5Y: 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 Ncav: 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.

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

16 figures could not be read on this company, among them Positive Earnings Streak, P/E Ratio, EV/EBIT. Each blank in the table above names the rest, with its reason. 9 named tests come back incomplete because of them, which is neither met nor missed.
We hold 9 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, as filed

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