Search companies

Find a company by ticker or name

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
+51.4%
€22.79
vs €15.05 price
Levered DCF
€24.85
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
3.06
Safe zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E18.25×20×15.14×20.9×10.71×14.5×11.83×23.1×
P/B3.22×3.59×2.87×1.7×4.98×3.71×2.2×4.71×
P/S0.75×0.83×0.67×0.41×0.91×0.58×0.35×0.73×
EV / EBITDA6.96×7.81×6.03×6.77×6.2×6.15×4.66×10.12×
Gross margin55.2%57.9%56.2%53.0%57.0%53.1%51.1%51.0%
Operating margin5.6%5.8%6.4%3.0%11.8%6.5%5.1%5.0%
Net margin4.0%4.1%4.4%1.9%8.7%3.9%2.9%3.1%
Current ratio1.67×1.67×1.8×2.03×1.86×1.56×1.54×1.53×
Debt / equity0.24×0.33×0.57×0.04×0.07×0.27×0.13×0.14×
Interest coverage56.5×16.09×15.54×58.27×215.04×59.53×58.3×44.18×
Dividend yield2.4%2.7%4.5%0.0%1.8%2.2%4.2%4.7%
Payout ratio45.5%54.9%68.1%0.0%18.7%32.3%50.7%111.5%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity17.3%17.9%18.8%8.0%47.5%25.3%18.3%20.0%
Return on invested capital14.1%13.8%12.9%7.9%44.0%19.8%16.8%17.4%
Return on assets8.1%8.0%7.9%4.3%23.8%9.1%7.1%7.5%
Free cash flow yield8.9%6.2%15.1%-5.4%7.4%13.4%2.0%3.3%
Earnings yield5.4%5.0%6.6%4.7%9.5%6.8%8.3%4.3%
Enterprise value€129.6M€136.9M€101.8M€40.8M€128.3M€55.6M€25.4M€53.9M
Net debt / EBITDA-1.13×-0.69×-0.36×-2.89×-1×-1.44×-1.53×-1.75×
Cash conversion cycle (days)4669698161384157