Agat Ejendomme A/S (AGAT.CO) 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

-371.3%

-DKK 2.26

vs DKK 0.84 price

Levered DCF

DKK 0.06

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.72

Distress zone

Rating

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	161.76×	-2.48×	-3.95×	-3.46×	54.52×	-1.33×	-2.05×	-2.9×
P/B	0.49×	0.59×	0.6×	0.56×	0.51×	0.41×	0.71×	0.6×
P/S	1.79×	2.24×	0.84×	1.23×	1.74×	1.14×	1.16×	0.6×
EV / EBITDA	37.35×	53.48×	-23.1×	-26.01×	24.99×	-10.84×	-12.25×	-15.68×
Gross margin	41.3%	0.7%	20.4%	-7.6%	-1.8%	-44.8%	-10.0%	-7.5%
Operating margin	19.3%	-73.9%	12.1%	-42.8%	18.3%	-75.2%	-36.5%	-16.3%
Net margin	1.1%	-89.9%	-21.0%	-35.8%	3.2%	-86.0%	-56.4%	-20.8%
Current ratio	5.64×	2.17×	2.63×	1.67×	1.05×	1.09×	0.67×	1.19×
Debt / equity	1.76×	1.78×	1.51×	1.63×	1.92×	1.94×	1.7×	1.41×
Interest coverage	1.09×	-4.09×	32.22×	-2.82×	0.73×	-3.62×	-2.67×	-2.41×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	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	0.3%	-23.7%	-15.1%	-16.2%	0.9%	-30.6%	-34.4%	-20.7%
Return on invested capital	1.0%	-7.0%	3.5%	-7.4%	1.3%	-9.0%	-8.2%	-6.7%
Return on assets	0.1%	-8.2%	-5.8%	-5.7%	0.3%	-9.2%	-11.2%	-7.7%
Free cash flow yield	4.9%	1.5%	49.8%	30.4%	-8.0%	3.7%	31.4%	31.4%
Earnings yield	0.6%	-40.1%	-25.0%	-29.0%	1.8%	-75.3%	-48.6%	-34.5%
Enterprise value	DKK 575.2M	DKK 615M	DKK 660.5M	DKK 803.9M	DKK 1.1B	DKK 1B	DKK 1.3B	DKK 1.5B
Net debt / EBITDA	28.94×	39.76×	-16.09×	-18.89×	19.74×	-8.93×	-8.64×	-10.99×
Cash conversion cycle (days)	341	308	444	623	1,059	638	584	264