Accentis N.V. (ACCB.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

-20.9%

€0.02

vs €0.03 price

Levered DCF

€0.02

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.23

Grey 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	25×	18.67×	13.43×	109.33×	4.78×	10.98×	8.55×	7.19×
P/B	0.78×	0.88×	0.93×	1.16×	0.89×	0.86×	0.98×	0.85×
P/S	5.47×	5.56×	5.11×	5.46×	3.89×	3.2×	3.4×	2.6×
EV / EBITDA	8.68×	8.72×	7.85×	11.35×	6.17×	9.74×	12.14×	-44.36×
Gross margin	69.2%	71.3%	65.2%	91.1%	95.1%	93.8%	91.0%	93.1%
Operating margin	59.1%	42.9%	56.8%	53.3%	39.7%	51.9%	45.5%	50.0%
Net margin	21.5%	29.5%	37.3%	4.5%	81.4%	29.1%	39.9%	36.3%
Current ratio	10.49×	5.84×	5.8×	10.24×	59.63×	3.52×	3.52×	5.64×
Debt / equity	0.25×	0.3×	0.36×	0.43×	0.36×	0.54×	0.65×	0.7×
Interest coverage	4.84×	3.28×	4.17×	3.27×	5.49×	5.54×	4.11×	4×
Dividend yield	0.0%	0.0%	0.0%	27.4%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	3352.8%	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	3.1%	4.7%	6.8%	0.9%	18.7%	7.8%	11.5%	11.9%
Return on invested capital	4.7%	3.7%	5.4%	2.0%	7.5%	5.8%	4.8%	6.7%
Return on assets	2.2%	3.2%	4.4%	0.6%	14.8%	4.1%	5.6%	5.3%
Free cash flow yield	8.5%	11.1%	9.1%	4.2%	3.1%	15.2%	7.6%	21.3%
Earnings yield	3.9%	5.3%	7.3%	0.8%	20.9%	9.1%	11.7%	14.0%
Enterprise value	€19.8M	€28.8M	€31.7M	€45.9M	€51.3M	€101.3M	€109M	€90.2M
Net debt / EBITDA	-5.18×	-1.99×	-0.98×	1.12×	-3.62×	3.58×	4.66×	-18.79×
Cash conversion cycle (days)	-6	-15	-51	-164	-41	-470	-250	-390