All for One Group SE (A1OS.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

+70.0%

€136.35

vs €80.20 price

Levered DCF

€120.20

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.05

Grey zone

Rating

C+

Overall 2 / 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	19.61×	13.05×	17.89×	20.27×	25.37×	21.1×	19.9×	21.06×
P/B	2.02×	2.16×	1.99×	2.27×	3.71×	3.02×	2.46×	3.83×
P/S	0.44×	0.46×	0.41×	0.49×	0.91×	0.75×	0.57×	0.89×
EV / EBITDA	5.42×	5.16×	5.68×	5.64×	8.38×	6.85×	8.07×	9.18×
Gross margin	17.5%	18.5%	17.4%	17.3%	16.5%	18.5%	21.7%	21.8%
Operating margin	3.4%	5.4%	1.6%	2.9%	15.4%	5.5%	3.9%	6.2%
Net margin	2.2%	3.6%	2.3%	2.4%	3.6%	3.6%	2.8%	4.2%
Current ratio	1.54×	1.53×	1.37×	1.8×	1.5×	1.82×	1.25×	1.55×
Debt / equity	1.01×	1.08×	1.21×	1.24×	0.97×	0.95×	0.36×	0.38×
Interest coverage	6.23×	9.55×	2.98×	7.74×	43.85×	13.99×	13.37×	15.94×
Dividend yield	3.6%	3.0%	3.6%	3.3%	1.8%	2.2%	2.9%	2.0%
Payout ratio	69.9%	39.7%	65.2%	66.3%	44.8%	47.0%	58.6%	42.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.3%	16.5%	11.1%	11.2%	14.6%	14.3%	12.3%	18.2%
Return on invested capital	4.7%	7.6%	2.6%	3.4%	20.3%	7.4%	9.0%	11.6%
Return on assets	3.4%	5.3%	3.2%	3.2%	5.0%	5.1%	5.1%	7.7%
Free cash flow yield	16.2%	15.8%	15.8%	9.7%	8.4%	12.6%	4.9%	5.3%
Earnings yield	5.1%	7.7%	5.6%	4.9%	3.9%	4.7%	5.0%	4.7%
Enterprise value	€263.4M	€293M	€256.7M	€265.6M	€352.6M	€283M	€204.8M	€288.9M
Net debt / EBITDA	0.89×	0.98×	1.3×	0.92×	0.33×	0.36×	0.06×	-0.22×
Cash conversion cycle (days)	34	27	32	38	27	30	28	32