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
-259.3%
-€29.19
vs €18.32 price
Levered DCF
-€47.47
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
4.43
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E75.83×161.49×-11.89×-6.78×-10.74×-75.71×-89.83×-84.13×
P/B8.44×5.5×2.39×2.44×4.35×2,425.87×70.66×44.33×
P/S0.73×0.54×0.25×0.26×0.84×3.83×3.12×3.71×
EV / EBITDA39.2×44.15×-29.07×-9.67×-13.17×-193.53×-119.32×-99×
Gross margin12.1%11.6%9.7%7.5%9.0%10.1%9.9%8.5%
Operating margin1.4%0.7%-1.9%-3.4%-3.4%-2.7%-3.2%-4.3%
Net margin1.0%0.3%-2.1%-3.8%-7.8%-5.1%-3.5%-4.4%
Current ratio2.88×2.62×3.92×4.15×4.43×2.9×2.78×2.81×
Debt / equity2.4×1.91×1.41×1.03×0.42×83.07×1.45×0.48×
Interest coverage3.94×1.78×-5.49×-16.92×-10.86×-1.38×-17.65×-36.04×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%-0.3%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity11.0%3.4%-20.2%-36.1%-40.6%-3217.1%-79.1%-52.7%
Return on invested capital4.0%2.0%-7.2%-16.2%-12.2%-20.1%-23.1%-28.6%
Return on assets2.7%0.9%-6.8%-14.6%-23.0%-27.6%-20.0%-23.4%
Free cash flow yield-8.1%-7.1%-5.7%-26.3%-12.3%0.4%-1.3%-0.7%
Earnings yield1.3%0.6%-8.4%-14.8%-9.3%-1.3%-1.1%-1.2%
Enterprise value€7.1B€4.2B€1.6B€1.8B€4.3B€11B€11B€10.6B
Net debt / EBITDA6.06×8.47×-4.66×-0.85×-1.02×-3.74×-1.79×0.02×
Cash conversion cycle (days)6551384042212823