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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
-1.5%
€0.07
vs €0.08 price
Levered DCF
-€0.45
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-4.95
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-0.33×-14.87×-34.52×-2,420×481.74×-36.35×-23.01×-6.17×
P/B-0.98×2.17×2.94×3.64×3.35×6.27×2.61×2.57×
P/S0.18×0.44×0.47×0.61×0.65×1.52×0.79×1.03×
EV / EBITDA-0.03×-8.6×-99.09×103.37×65.84×-61.98×-22.25×-5.63×
Gross margin-47.2%20.5%-0.1%-0.0%0.4%-1.0%69.0%34.5%
Operating margin-56.2%-9.3%-1.5%-1.1%-0.3%-2.8%-4.4%-17.0%
Net margin-53.1%-2.9%-1.4%-0.0%0.1%-4.2%-3.4%-16.4%
Current ratio1.3×2.72×1.48×1.53×1.68×2.02×1.48×1.43×
Debt / equity-0.34×0.37×0.56×0.76×0.89×0.93×0.1×0.11×
Interest coverage-1,510.92×-166.12×-21.96×-11.67×-6.05×-48.79×-137.08×-11,231×
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 equity293.1%-14.6%-8.5%-0.2%0.7%-17.3%-11.4%-40.8%
Return on invested capital-357.6%-14.6%-3.7%-0.1%0.1%-4.1%-7.5%-28.7%
Return on assets-95.0%-4.6%-2.1%-0.0%0.2%-4.3%-4.2%-13.3%
Free cash flow yield-176.4%0.0%0.0%5.0%5.6%3.3%3.9%1.9%
Earnings yield-297.8%-6.7%-2.9%-0.0%0.2%-2.8%-4.3%-15.9%
Enterprise value€84.7K€2.5M€5.2M€7.2M€6.3M€14.6M€4M€6.7M
Net debt / EBITDA0.29×4.24×13.52×-11.26×-10.2×-4.22×14.32×0.36×
Cash conversion cycle (days)9895966372712250