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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
-619.9%
-€0.02
vs €0.00 price
Levered DCF
-€0.02
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-3.81
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
P/E-0.78×-1.02×-0.62×-3.04×66.2×-4.58×-4.92×-2.46×
P/B2.13×0.37×0.29×3.34×6.72×6.41×6.72×2.06×
P/S2.53×0.43×0.14×0.53×1.51×1.18×1.57×0.83×
EV / EBITDA-2.31×-4.21×-2.03×-6.22×28.94×-8.01×-6.54×-2.78×
Gross margin-236.4%-8.0%-0.0%-13.1%40.9%24.8%45.0%47.0%
Operating margin-334.4%-52.1%-20.2%-20.7%3.7%-25.1%-30.0%-34.9%
Net margin-322.9%-42.7%-21.7%-17.4%2.3%-25.8%-31.9%-32.4%
Current ratio0.71×1.56×2.79×1.83×2.27×2.33×1.72×1.38×
Debt / equity2.42×0.59×0.6×2.79×1.27×2.89×0.85×0.05×
Interest coverage-26.37×-14.73×-7.79×-8.61×2.26×-9.9×-18.82×-24.23×
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
MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Return on equity-272.2%-36.3%-46.2%-110.1%10.1%-140.1%-136.6%-80.3%
Return on invested capital-73.6%-26.0%-21.7%-30.2%7.1%-31.5%-75.1%-102.9%
Return on assets-45.4%-17.0%-22.4%-17.8%2.9%-24.1%-39.6%-34.8%
Free cash flow yield-5.9%36.4%-196.6%-33.9%-8.2%-41.2%-23.9%-24.8%
Earnings yield-127.7%-98.4%-160.1%-32.9%1.5%-21.8%-20.3%-39.1%
Enterprise value€2.6M€1.7M€2.1M€6.4M€16.6M€8.1M€9.2M€4.4M
Net debt / EBITDA-1.2×-2.18×-1.17×-2.62×4.03×-2.13×-0.67×0.19×
Cash conversion cycle (days)22821593488114133147