Search companies

Find a company by ticker or name

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
+6847.4%
€751.36
vs €10.82 price
Levered DCF
-€56.76
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
0.58
Distress zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E1.98×8.73×2.84×2.86×-0.69×-0.31×15.54×10.26×
P/B-3.09×-1.21×-1.29×-0.69×-0.59×-0.4×1.86×2.19×
P/S0.09×0.07×0.09×0.08×0.16×0.2×0.16×0.15×
EV / EBITDA3.88×2.94×2.15×2.83×-31.2×-3.99×3.19×2.94×
Gross margin11.9%15.8%20.5%30.2%21.7%0.0%32.0%33.6%
Operating margin6.2%4.7%5.6%3.1%-11.5%-41.9%3.7%5.0%
Net margin4.8%1.0%3.1%2.8%-22.8%-63.4%1.1%1.5%
Current ratio0.62×0.65×0.74×0.81×0.91×0.84×0.68×0.63×
Debt / equity-22.55×-8.24×-6.59×-4.9×-4.25×-3.46×4.92×5.99×
Interest coverage3.51×2.41×1.88×1.19×-2.5×-8.01×1.69×3.05×
Dividend yield0.1%0.0%3.4%12.1%0.0%0.0%0.6%0.9%
Payout ratio0.1%0.3%9.6%34.6%-0.0%0.0%9.0%9.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-162.1%-18.0%-45.5%-24.2%85.4%129.4%12.7%22.1%
Return on invested capital7.6%5.6%6.9%4.0%-7.2%-22.5%4.0%4.5%
Return on assets4.0%0.9%2.7%2.3%-10.6%-23.3%0.9%1.4%
Free cash flow yield3.8%-10.9%-16.1%90.4%-29.8%-225.1%12.3%23.5%
Earnings yield52.4%14.9%35.2%34.9%-145.9%-321.0%6.8%10.1%
Enterprise value€20.5B€11.8B€10B€10.2B€11.8B€14.5B€11.8B€11.6B
Net debt / EBITDA3.3×2.41×1.58×2.25×-25.29×-3.39×2.04×1.91×
Cash conversion cycle (days)1172-214354-1