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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
-216876.2%
-€101.02
vs €0.05 price
Levered DCF
-€153.37
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-0.13
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-0.03×-0.52×-0.15×-1.93×-3.44×-5.02×-0.75×-15.75×
P/B0.02×0.15×0.16×1.02×2.09×4.87×1.22×1.94×
P/S0.02×0.18×0.13×1.11×4.99×8.57×1.92×1.13×
EV / EBITDA-13.26×-5.28×-0.84×15.36×37.04×45.11×-1.27×-112.88×
Gross margin72.0%-26.6%-2.0%-16.9%-19.9%-20.3%-75.0%26.1%
Operating margin-75.8%-44.3%-79.6%-63.2%-155.8%-156.5%-265.2%-11.0%
Net margin-108.2%-35.2%-84.0%-57.7%-144.8%-170.8%-254.9%-7.2%
Current ratio2.83×2.7×1.51×1.18×2.75×2.4×1.42×1.87×
Debt / equity3.63×1.18×0.8×0.57×0.13×0.36×0.79×0.99×
Interest coverage-5.24×-7.09×-25.39×-38.47×-112.4×-61.35×-68.95×-8.14×
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%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-120.1%-28.0%-107.6%-52.9%-60.6%-97.1%-162.1%-12.3%
Return on invested capital-18.6%-9.7%-46.7%-32.2%-54.4%-55.1%-90.6%-9.1%
Return on assets-24.0%-10.6%-37.1%-23.0%-40.0%-44.3%-57.0%-4.3%
Free cash flow yield-5568.2%-714.4%-621.8%-85.0%-50.4%-18.2%-23.6%-30.6%
Earnings yield-4864.6%-192.8%-666.5%-51.8%-29.0%-19.9%-133.0%-6.3%
Enterprise value€18.9M€12.9M€6M€15.3M€22.8M€34.1M€8.8M€15.5M
Net debt / EBITDA-13.14×-4.52×-0.65×4.36×1.93×0.22×-0.48×-36.78×
Cash conversion cycle (days)63219666277716406552292