ABO-Group Environment N.V. (ABO.BR) 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

+1611.8%

€45.88

vs €2.68 price

Levered DCF

€46.64

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.48

Distress zone

Rating

B-

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	84.39×	27.56×	24.17×	27.86×	26.11×	21.9×	13.76×	46.51×
P/B	2.1×	2.02×	2.44×	2.85×	2.67×	2.62×	1.61×	1.8×
P/S	0.53×	0.55×	0.73×	0.88×	0.83×	0.94×	0.52×	0.57×
EV / EBITDA	7.41×	6.04×	6.91×	7.76×	7.71×	7.16×	6.09×	8.86×
Gross margin	19.7%	56.5%	16.2%	21.8%	22.6%	22.7%	5.2%	8.2%
Operating margin	2.0%	5.1%	5.6%	4.5%	5.0%	6.2%	3.9%	2.5%
Net margin	0.6%	2.0%	3.0%	3.2%	3.2%	4.3%	3.7%	1.2%
Current ratio	1.13×	1.09×	1.21×	1.24×	1.24×	1.14×	1.11×	1.11×
Debt / equity	1.34×	1.48×	1.21×	1.26×	1.32×	1.27×	1.72×	0.96×
Interest coverage	1.33×	2.35×	3.61×	4.27×	5.64×	5.89×	2.93×	2.5×
Dividend yield	1.8%	1.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	149.6%	52.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.5%	7.3%	10.1%	10.3%	10.2%	12.1%	11.5%	3.9%
Return on invested capital	1.4%	4.6%	5.5%	4.9%	5.2%	5.7%	3.4%	2.2%
Return on assets	0.7%	1.9%	2.9%	3.1%	3.0%	3.7%	3.6%	1.3%
Free cash flow yield	12.0%	5.5%	6.1%	4.5%	3.4%	12.8%	15.8%	3.4%
Earnings yield	1.2%	3.6%	4.1%	3.6%	3.8%	4.6%	7.1%	2.1%
Enterprise value	€78.2M	€77M	€77.3M	€72.5M	€62.2M	€53.7M	€45.5M	€34M
Net debt / EBITDA	2.1×	1.94×	1.45×	1.14×	1.21×	0.99×	2.78×	2.26×
Cash conversion cycle (days)	105	64	93	80	75	56	97	91