Aktor Societe Anonyme Holding Company Technical and Energy Projects (AKTR.AT) 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

-333.5%

-€24.14

vs €10.34 price

Levered DCF

-€21.59

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.19

Distress zone

Rating

C-

Overall 1 / 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	109.01×	113.15×	-210.76×	-4.56×	-4.89×	-4.37×	78.74×	2.71×
P/B	5.14×	5×	4.74×	1.78×	2.62×	0.89×	0.88×	0.52×
P/S	1.41×	0.62×	1.75×	0.46×	0.49×	0.29×	0.21×	0.15×
EV / EBITDA	19.07×	11.17×	21.91×	-39.29×	-31.79×	266.84×	8.29×	9.15×
Gross margin	12.7%	9.9%	9.8%	8.1%	7.3%	10.1%	8.9%	9.5%
Operating margin	6.5%	4.9%	7.8%	-5.5%	-5.5%	-1.7%	4.3%	3.5%
Net margin	1.3%	0.6%	-0.8%	-10.3%	-10.0%	-6.5%	0.3%	5.6%
Current ratio	1.21×	0.99×	1.01×	0.81×	0.94×	0.93×	1.01×	1.13×
Debt / equity	3.48×	2.25×	2.12×	2.91×	3.92×	1.86×	1.32×	1.19×
Interest coverage	2.28×	1.45×	1.38×	-1.05×	-1.14×	-0.44×	1.07×	0.96×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	1.1%	3.2%	-4.7%	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	4.7%	4.4%	-2.3%	-39.6%	-53.5%	-20.1%	1.1%	19.4%
Return on invested capital	2.8%	2.3%	1.8%	-4.6%	-5.2%	-1.6%	1.8%	-25.9%
Return on assets	0.6%	0.5%	-0.2%	-5.4%	-5.9%	-3.5%	0.2%	3.7%
Free cash flow yield	-3.9%	2.5%	2.4%	-29.9%	-39.6%	10.5%	-4.5%	-119.4%
Earnings yield	0.9%	0.9%	-0.5%	-22.2%	-20.4%	-22.5%	1.3%	37.0%
Enterprise value	€3B	€1B	€919.3M	€249.4M	€247.5M	€143.6M	€142.2M	€104M
Net debt / EBITDA	6.46×	2.66×	4.72×	-22.85×	-18.27×	172.83×	4.77×	6.05×
Cash conversion cycle (days)	97	60	102	3	65	208	123	91