MPH Health Care AG (93M1.DE) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+5918.2%

€1,733.24

vs €28.80 price

Levered DCF

-€277.84

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

7.8

Safe zone

Rating

A+

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	3.22×	3.02×	2.41×	2.25×	-10.19×	-1.4×	15.29×	4.62×
P/B	0.39×	0.35×	0.28×	0.3×	0.47×	0.49×	0.62×	0.64×
P/S	0.26×	15.83×	9.85×	9.56×	20.91×	-10.92×	26.87×	3.81×
EV / EBITDA	3.08×	3.19×	2.63×	2.59×	-10.32×	-1.49×	16.06×	4.88×
Gross margin	100.0%	100.0%	1740.3%	99.3%	92.0%	104.8%	94.6%	98.4%
Operating margin	9.5%	539.3%	417.4%	431.6%	-208.0%	787.3%	183.4%	97.5%
Net margin	8.0%	524.3%	408.3%	425.0%	-205.3%	780.2%	175.5%	82.6%
Current ratio	0.17×	0.52×	1.42×	0.29×	1.06×	0.91×	0.14×	3.53×
Debt / equity	0.05×	0.04×	0.05×	0.06×	0.02×	0.04×	0.07×	0.05×
Interest coverage	65.61×	34.15×	52.42×	174.46×	-46.63×	0×	21.43×	86.31×
Dividend yield	5.5%	5.3%	0.0%	0.0%	0.0%	0.0%	5.1%	5.0%
Payout ratio	17.5%	16.0%	0.0%	0.0%	0.0%	0.0%	77.3%	23.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.0%	11.5%	11.8%	13.1%	-4.7%	-35.0%	4.1%	13.8%
Return on invested capital	11.5%	11.2%	11.3%	12.4%	-4.5%	-33.2%	4.2%	15.2%
Return on assets	11.4%	11.0%	11.1%	12.3%	-4.5%	-33.4%	3.8%	12.9%
Free cash flow yield	0.1%	1.9%	-2.8%	-0.3%	-1.4%	-3.4%	-1.1%	3.0%
Earnings yield	31.1%	33.1%	41.4%	44.4%	-9.8%	-71.5%	6.5%	21.6%
Enterprise value	€104.9M	€106.3M	€79.8M	€76.8M	€93.4M	€105.7M	€186.3M	€184.1M
Net debt / EBITDA	0.31×	0.29×	0.28×	0.38×	-0.24×	-0.1×	1.45×	0.35×
Cash conversion cycle (days)	-636	105	89	-394	-53	-32	-26	-10