Netcapital Inc. (NCPL) Key Metrics
NCPL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $17.0M
- Enterprise value
- $9.3M
- P/E (TTM)
- — 10-yr median 494.2
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 23.0 10-yr median 280.9
- Price / book
- 0.4 10-yr median 68.6
- EV / EBITDA
- 3.6
- Dividend yield
- —
- Beta
- 1.62
NCPL key metrics, FY2014–FY2025
Fiscal year ended April 30, 2025 · U.S. dollarsNCPL returns How much profit the business earns on the capital it uses.
Return on equity−93.6 pts
−107.1%
FY2025 · hover or tap a bar for each year
FY2014FY2025
Return on invested capital−16.1 pts
−23.0%
FY2025 · hover or tap a bar for each year
FY2014FY2025
Return on assets−78.7 pts
−90.6%
FY2025 · hover or tap a bar for each year
FY2014FY2025
Free cash flow margin−515.5 pts
−614.1%
FY2025 · hover or tap a bar for each year
FY2014FY2025
Asset turnover−76.6%
0.03
FY2025 · hover or tap a bar for each year
FY2014FY2025
NCPL financial health Debt, liquidity and how easily interest is covered.
Debt / equity+182.2%
0.18
FY2025 · hover or tap a bar for each year
FY2014FY2025
Net debt+$837,191
$2.4M
FY2025 · hover or tap a bar for each year
FY2014FY2025
Current ratio−78.3%
0.07
FY2025 · hover or tap a bar for each year
FY2014FY2025
Interest coverage
-171.7
FY2025 · hover or tap a bar for each year
FY2014FY2025
Debt / assets+120.5%
0.13
FY2025 · hover or tap a bar for each year
FY2014FY2025
NCPL efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−8 days
49 days
FY2025 · hover or tap a bar for each year
FY2014FY2025
Days payables outstanding+14,450 days
16,893 days
FY2025 · hover or tap a bar for each year
FY2014FY2025
Cash conversion cycle−14,457 days
-16,844 days
FY2025 · hover or tap a bar for each year
FY2014FY2025
Capex / revenue0.0 pts
0.0%
FY2025 · hover or tap a bar for each year
FY2014FY2025
NCPL valuation history
Fiscal year-endToday10-year median
NCPL returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NCPL debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NCPL cash returned to shareholders
DividendsBuybacksFree cash flow
NCPL price vs earnings per share
Share price at year-endEPS (right axis)
NCPL key metrics
FY2014–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | — | — | $445.3M | $1.73B | $1.33B | — | — | — | — | — |
| Enterprise value | — | — | $447.5M | $1.74B | $1.33B | — | — | — | — | — |
| P/E ratio | — | — | 150.7 | 494.2 | 902.3 | — | — | — | — | — |
| Price / sales | — | — | 52.4 | 315.9 | 280.9 | — | — | — | — | — |
| Price / book | — | — | 12.3 | 68.6 | 93.5 | — | — | — | — | — |
| EV / sales | — | — | 52.7 | 316.6 | 281.5 | — | — | — | — | — |
| EV / EBITDA | — | — | 111.9 | 335.0 | — | — | — | — | — | — |
| Earnings yield | — | — | 0.7% | 0.2% | 0.1% | — | — | — | — | — |
| Free cash flow yield | — | — | −1.0% | −0.2% | −0.2% | — | — | — | — | — |
| Dividend yield | — | — | 0.2% | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.2% | 0.0% | — | — | — | — | — | — |
| Share price at fiscal year-end | $2.02 | $9.31 | $95.20 | $630.00 | $805.00 | $560.00 | $420.00 | $560.00 | $140.00 | $3,500.00 |
| Per share | ||||||||||
| Revenue per share | — | — | $1.82 | $1.99 | $2.87 | — | — | — | — | — |
| Earnings per share | — | — | $0.63 | $1.27 | $0.89 | — | — | — | — | — |
| Operating cash flow per share | — | — | −$0.99 | −$1.09 | −$1.97 | — | — | — | — | — |
| Free cash flow per share | — | — | −$0.99 | −$1.09 | −$1.97 | — | — | — | — | — |
| Cash per share | — | — | $0.12 | $0.17 | $1.50 | — | — | — | — | — |
| Book value per share | — | — | $7.73 | $9.18 | $8.61 | — | — | — | — | — |
| Tangible book value per share | — | — | $4.34 | $3.53 | −$0.38 | — | — | — | — | — |
| Dividends per share | — | — | $0.23 | — | — | — | — | — | — | — |
| Capex per share | — | — | $0.00 | $0.00 | $0.00 | — | — | — | — | — |
| Debt per share | — | — | $0.60 | $1.51 | $3.23 | — | — | — | — | — |
| Shares outstanding | — | — | 4.7M | 2.7M | 1.6M | — | — | — | — | — |
| Change in shares outstanding | — | — | +70.2% | +66.8% | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −107.1% | −13.5% | 9.6% | 17.8% | 19.8% | — | — | — | — | — |
| Return on invested capital (ROIC) | −23.0% | −7.0% | 5.2% | −3.9% | −3.0% | 117.1% | — | — | — | — |
| Return on assets (ROA) | −90.6% | −12.0% | 8.0% | 12.2% | 10.5% | 41.2% | 142.5% | 222.0% | — | — |
| Return on tangible assets | −456.2% | −18.6% | 11.4% | 21.6% | 13.5% | 29.2% | 81.0% | 133.3% | — | — |
| Free cash flow margin | −614.1% | −98.6% | −54.4% | −54.9% | −68.9% | −0.2% | 3.0% | −45.1% | −15.1% | — |
| Income quality (OCF / net income) | — | — | −1.56 | −0.86 | −2.21 | −0.01 | 0.05 | −0.38 | — | — |
| Financial health | ||||||||||
| Total debt | $2.7M | $2.4M | $2.8M | $4.1M | $5.3M | $1.1M | $1.1M | $1.1M | $1.9M | $17,050 |
| Cash & short-term investments | $289,428 | $863,182 | $569,441 | $473,925 | $2.5M | $11,206 | $19,110 | $1,655 | $3,324 | $1,623 |
| Net debt | $2.4M | $1.6M | $2.2M | $3.7M | $2.9M | $1.0M | $1.1M | $1.1M | $1.9M | $15,427 |
| Debt / equity | 0.18 | 0.06 | 0.08 | 0.16 | 0.38 | 1.56 | — | — | — | — |
| Debt / assets | 0.13 | 0.06 | 0.07 | 0.13 | 0.21 | 0.48 | 1.55 | 11.55 | 94.83 | 10.51 |
| Net debt / EBITDA | — | — | 0.55 | 0.71 | — | 2.36 | 1.81 | 5.66 | — | — |
| Current ratio | 0.07 | 0.33 | 0.49 | 0.48 | 0.49 | 0.43 | 0.11 | 0.07 | 0.01 | 0.01 |
| Quick ratio | 0.07 | 0.33 | 0.49 | 0.48 | 0.49 | 0.43 | 0.14 | 0.07 | 0.01 | 0.01 |
| Interest coverage | -171.7 | -74.9 | 24.2 | -8.2 | -4.6 | 60.8 | 32.2 | -2.8 | -11.1 | -1.5 |
| Working capital | −$5.1M | −$2.1M | −$2.6M | −$3.1M | −$4.7M | −$877,581 | −$518,875 | −$538,991 | −$2.6M | −$284,226 |
| Invested capital | $17.3M | $39.5M | $38.4M | $28.9M | $17.0M | $1.7M | $233,916 | −$349,259 | −$721,237 | −$695,084 |
| Tangible asset value | $208,195 | $23.2M | $20.3M | $9.7M | −$625,411 | $535,701 | −$865,258 | −$1.5M | −$2.6M | −$710,511 |
| Net current asset value | −$5.6M | −$2.6M | −$3.1M | −$3.6M | −$7.1M | −$877,581 | −$1.5M | −$1.5M | −$2.6M | −$710,511 |
| Graham number | — | — | $10.48 | $16.23 | $13.14 | — | — | — | — | — |
| Graham net-net per share | — | — | −$0.87 | −$1.54 | −$4.88 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $1.1M | — | — | — | — | — | — | — |
| Share buybacks (net) | — | $0 | $0 | $0 | — | — | — | — | — | — |
| Dividend payout ratio | — | — | 35.8% | — | — | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Capex / operating cash flow | — | — | — | — | — | — | 0.0% | — | — | — |
| Capex / depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Stock-based compensation / revenue | 87.1% | 26.8% | 3.2% | 21.5% | 14.4% | 20.3% | 6.4% | 117.1% | 168.7% | — |
| SG&A / revenue | 604.3% | 167.3% | 72.3% | 116.8% | 92.4% | 33.9% | 35.2% | 251.3% | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 49.3 | 56.9 | 82.1 | 126.2 | 52.5 | 2.2 | 5.0 | 19.3 | 19.5 | — |
| Days of inventory on hand | — | 0.0 | 0.0 | — | — | — | -217.3 | — | — | — |
| Days payables outstanding | 16,893.1 | 2,443.6 | 3,365.3 | 8,397.5 | 1,069.2 | 9,710.3 | 4,281.1 | 4,565.9 | 221.8 | — |
| Cash conversion cycle (days) | -16,843.8 | -2,386.6 | -3,283.2 | -8,271.2 | -1,016.7 | -9,708.1 | -4,493.4 | -4,546.6 | -202.3 | — |
| Receivables turnover | 7.41 | 6.41 | 4.44 | 2.89 | 6.96 | 167.01 | 73.05 | 18.92 | 18.72 | — |
| Payables turnover | 0.02 | 0.15 | 0.11 | 0.04 | 0.34 | 0.04 | 0.09 | 0.08 | 1.65 | — |
| Inventory turnover | — | 108,060.00 | 85,038.00 | — | — | — | — | — | — | — |
| Asset turnover | 0.03 | 0.12 | 0.23 | 0.19 | 0.34 | 1.20 | 2.48 | 1.88 | 8.76 | 2.88 |
| Average receivables | $117,349 | $772,274 | $1.9M | $1.9M | $678,466 | $10,500 | $13,875 | $5,876 | $5,002 | — |
| Average payables | $1.9M | $723,430 | $784,060 | $2.5M | $2.2M | $295,432 | $295,550 | $298,783 | $301,899 | — |
| Average inventory | — | $1 | $1 | — | — | — | −$15,000 | — | — | — |
| Intangibles / total assets | 70.3% | 35.5% | 38.0% | 48.9% | 57.6% | 6.5% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from NCPL's annual financial statements (latest annual report filed August 12, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NCPL valuation and financial ratios
Netcapital earned a return on equity of −107.1% and a return on invested capital of −23.0% in fiscal 2025. It ended the year with $2.7 million of debt and $0.3 million in cash and short-term investments, net debt of $2.4 million.
See the NCPL income statement, the NCPL chart for price history, or the NCPL stock overview for the latest quote and news.
NCPL key metrics FAQ
What is Netcapital's return on equity?
Netcapital's return on equity (ROE) was −107.1% in fiscal 2025: net income of -$28.3 million on average shareholders' equity of $26.4 million.
What is Netcapital's ROIC?
Netcapital's return on invested capital was −23.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Netcapital have?
Netcapital had total debt of $2.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.18.
What is Netcapital's current ratio?
Netcapital's current ratio was 0.07 at the end of fiscal 2025: current assets were 0.07 times current liabilities.