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Substrate Artificial Intelligence SA (ES:SAI)
BME:SAI
Spanish Market

Substrate Artificial Intelligence SA (SAI) Ratios

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Substrate Artificial Intelligence SA Ratios

ES:SAI's free cash flow for Q2 2025 was €0.97. For the 2025 fiscal year, ES:SAI's free cash flow was decreased by € and operating cash flow was €0.13. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.69 0.78 1.31 0.26
Quick Ratio
0.62 0.72 1.19 0.26
Cash Ratio
0.13 0.34 0.66 0.05
Solvency Ratio
0.39 -0.37 0.56 0.16
Operating Cash Flow Ratio
0.44 -0.28 -1.08 -0.18
Short-Term Operating Cash Flow Coverage
1.10 -20.92 -28.16 -61.09
Net Current Asset Value
€ -11.41M€ -10.53M€ -1.54M€ -4.23M
Leverage Ratios
Debt-to-Assets Ratio
0.16 0.08 0.03 <0.01
Debt-to-Equity Ratio
0.27 0.16 0.04 <0.01
Debt-to-Capital Ratio
0.21 0.14 0.04 <0.01
Long-Term Debt-to-Capital Ratio
0.08 0.11 0.03 0.00
Financial Leverage Ratio
1.67 1.94 1.28 1.20
Debt Service Coverage Ratio
1.23 -6.67 -56.92 -15.06
Interest Coverage Ratio
5.01 -9.27 24.01 -132.19
Debt to Market Cap
0.26 0.19 0.09 <0.01
Interest Debt Per Share
0.11 0.06 0.03 <0.01
Net Debt to EBITDA
0.82 0.13 0.07 0.62
Profitability Margins
Gross Profit Margin
96.75%66.87%-1403.74%125.35%
EBIT Margin
48.95%-85.99%-521.79%-117.67%
EBITDA Margin
58.48%-72.95%-438.36%-25.51%
Operating Profit Margin
21.41%-86.83%105.99%-51.27%
Pretax Profit Margin
44.68%-95.35%-526.20%-44.93%
Net Profit Margin
40.44%-101.43%0.36%-37.96%
Continuous Operations Profit Margin
38.49%-98.33%-508.29%-112.39%
Net Income Per EBT
90.52%106.37%-0.07%84.49%
EBT Per EBIT
208.72%109.82%-496.47%87.63%
Return on Assets (ROA)
10.96%-19.64%0.05%-1.82%
Return on Equity (ROE)
18.33%-38.09%0.06%-2.18%
Return on Capital Employed (ROCE)
7.86%-23.74%16.72%-2.91%
Return on Invested Capital (ROIC)
5.94%-24.25%16.07%-2.54%
Return on Tangible Assets
17.81%-63.21%0.25%-22.29%
Earnings Yield
91.33%-53.65%0.16%-0.73%
Efficiency Ratios
Receivables Turnover
2.69 1.81 6.72 6.46
Payables Turnover
0.09 1.17 175.09 -3.27
Inventory Turnover
0.49 3.65 166.23 0.00
Fixed Asset Turnover
16.98 10.94 22.20 13.69
Asset Turnover
0.27 0.19 0.14 0.05
Working Capital Turnover Ratio
-3.52 -8.00 -2.05 0.00
Cash Conversion Cycle
-3.03K -10.10 54.46 168.17
Days of Sales Outstanding
135.89 201.97 54.35 56.49
Days of Inventory Outstanding
738.50 99.99 2.20 0.00
Days of Payables Outstanding
3.90K 312.06 2.08 -111.68
Operating Cycle
874.39 301.96 56.54 56.49
Cash Flow Ratios
Operating Cash Flow Per Share
0.07 -0.05 -0.11 -0.04
Free Cash Flow Per Share
0.06 -0.06 -0.11 -0.08
CapEx Per Share
<0.01 0.01 <0.01 0.04
Free Cash Flow to Operating Cash Flow
0.91 1.25 1.03 1.81
Dividend Paid and CapEx Coverage Ratio
10.56 -3.99 -34.47 -1.23
Capital Expenditure Coverage Ratio
10.56 -3.99 -34.47 -1.23
Operating Cash Flow Coverage Ratio
0.70 -1.01 -4.01 -61.09
Operating Cash Flow to Sales Ratio
0.42 -0.42 -0.84 -0.57
Free Cash Flow Yield
17.43%-27.96%-38.95%-1.98%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
1.09 -1.86 620.92 -136.96
Price-to-Sales (P/S) Ratio
2.19 1.89 2.21 51.99
Price-to-Book (P/B) Ratio
0.20 0.71 0.40 2.99
Price-to-Free Cash Flow (P/FCF) Ratio
5.74 -3.58 -2.57 -50.60
Price-to-Operating Cash Flow Ratio
1.05 -4.47 -2.64 -91.59
Price-to-Earnings Growth (PEG) Ratio
0.47 <0.01 -6.11 0.00
Price-to-Fair Value
0.20 0.71 0.40 2.99
Enterprise Value Multiple
4.56 -2.46 -0.43 -203.19
Enterprise Value
49.93M 15.44M 5.97M 82.94M
EV to EBITDA
4.56 -2.46 -0.43 -203.19
EV to Sales
2.67 1.79 1.90 51.83
EV to Free Cash Flow
6.99 -3.39 -2.21 -50.44
EV to Operating Cash Flow
6.33 -4.24 -2.27 -91.31
Tangible Book Value Per Share
0.16 -0.09 >-0.01 -0.14
Shareholders’ Equity Per Share
0.37 0.32 0.72 1.37
Tax and Other Ratios
Effective Tax Rate
0.14 -0.03 0.03 0.13
Revenue Per Share
0.16 0.12 0.13 0.08
Net Income Per Share
0.07 -0.12 <0.01 -0.03
Tax Burden
0.91 1.06 >-0.01 0.84
Interest Burden
0.91 1.11 1.01 0.38
Research & Development to Revenue
0.00 0.00 0.00 0.00
SG&A to Revenue
0.00 0.35 0.60 <0.01
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00
Income Quality
1.04 0.44 0.16 1.29
Currency in EUR