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PN · Nasdaq · United States · Wholesale-Computers & Peripheral Equipment & Software
In shortPN Smart Energy Ltd is loss-making.
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -4.0% | 3/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -4.3% | 3/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -14.9% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.59× | 66/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -12.26× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.20 | 54/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 3.8% | 35/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 3 of 3 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 2 of 3 | 67/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 2 | 17/100 |
| Revenue growth volatility | 20.4% | 36/100 |
| Operating margin volatility | 4.8% | 66/100 |
Weight in the score: 20%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 3 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 51 | 50 | 63 |
| Cost of revenue | 42 | 43 | 57 |
| Gross profit | 8.6 | 6.5 | 6.3 |
| Research & development | 0.6 | 1.9 | 1.7 |
| Operating income | 2.7 | 1.1 | (2.5) |
| Interest expense | 0.1 | 0.2 | 0.2 |
| Pre-tax income | 2.6 | 1.3 | (2.2) |
| Income tax | 0.8 | 0.1 | 0 |
| Net income | 1.1 | 0.5 | (2.7) |
| Diluted EPS | $0.04 | $0.02 | −$0.10 |
| Diluted shares (millions) | 25 | 25 | 26 |
3.20 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
3/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2025 · Data updated Feb 12, 2026