ALBIS Leasing AG (ALG.DE) 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

+188.1%

€9.16

vs €3.18 price

Levered DCF

-€4.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.56

Distress zone

Rating

C+

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	15.47×	9.13×	9.48×	35.99×	50.08×	55.85×	36.14×	14.05×
P/B	1.69×	1.64×	1.32×	1.52×	2.56×	2.35×	3.57×	2.6×
P/S	1.99×	1.8×	1.38×	1.68×	2.35×	2.07×	2.5×	2.62×
EV / EBITDA	32.84×	30.5×	33.74×	68.95×	72.9×	60.99×	47.54×	30.96×
Gross margin	73.3%	55.7%	91.4%	74.8%	72.6%	76.0%	75.0%	93.8%
Operating margin	18.3%	17.9%	15.0%	6.0%	6.2%	8.1%	6.7%	28.8%
Net margin	12.8%	19.5%	14.8%	4.7%	4.7%	3.4%	6.9%	18.4%
Current ratio	3.53×	1.09×	1.03×	0.74×	0.95×	0.98×	0.99×	1.21×
Debt / equity	4.87×	5×	5.7×	7.11×	7.86×	7.69×	11.05×	6.87×
Interest coverage	24.16×	46.26×	19.42×	1.86×	2.26×	2.18×	1.77×	5.83×
Dividend yield	3.1%	2.9%	0.0%	0.0%	1.3%	1.3%	1.2%	2.0%
Payout ratio	47.4%	26.9%	0.0%	0.0%	65.9%	79.4%	42.5%	29.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	17.8%	14.1%	4.2%	5.1%	3.8%	9.9%	18.2%
Return on invested capital	1.7%	2.6%	2.1%	1.2%	1.8%	1.6%	1.2%	8.2%
Return on assets	1.7%	2.7%	1.9%	0.5%	0.5%	0.4%	0.8%	2.1%
Free cash flow yield	0.3%	6.7%	40.8%	-1.7%	-11.7%	-0.5%	-72.9%	-22.0%
Earnings yield	6.5%	10.9%	10.7%	2.8%	2.0%	1.6%	2.8%	7.0%
Enterprise value	€234.6M	€230.7M	€213.3M	€228.7M	€251.1M	€234.7M	€247.8M	€188.3M
Net debt / EBITDA	24.12×	22.82×	27.07×	55.66×	54.2×	46.1×	35.43×	21.97×
Cash conversion cycle (days)	-102	-53	365	888	814	768	834	645