Amper, S.A. (AMP.MC) 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

-138.4%

-€1.82

vs €4.73 price

Levered DCF

-€7.89

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.65

Distress zone

Rating

C-

Overall 1 / 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	211.5×	1,148×	-83.6×	-37.3×	27.61×	173.82×	16.49×	6.45×
P/B	2.13×	2.79×	1.26×	3.48×	3.07×	3.97×	5.61×	6.24×
P/S	1.1×	0.41×	0.26×	0.54×	0.64×	1.12×	1.75×	1.83×
EV / EBITDA	9.57×	7.07×	6.25×	13.66×	11.82×	17.96×	10.87×	17.83×
Gross margin	13.3%	55.9%	54.7%	55.0%	56.7%	58.3%	62.9%	58.5%
Operating margin	5.1%	3.6%	2.8%	-0.9%	4.1%	1.2%	11.0%	9.0%
Net margin	0.5%	0.0%	-0.4%	-1.5%	2.3%	0.6%	10.6%	28.4%
Current ratio	1.55×	1.11×	0.84×	0.86×	0.98×	1.14×	1.02×	1.29×
Debt / equity	1.42×	1.99×	1.47×	2.37×	1.65×	1.43×	0.45×	0.74×
Interest coverage	0.67×	0.82×	0.77×	-0.47×	2.91×	0.91×	14.51×	6.98×
Dividend yield	5.9%	34.8%	59.8%	0.0%	0.0%	52.3%	0.0%	0.0%
Payout ratio	1330.9%	42159.5%	-3780.4%	0.0%	0.0%	9208.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.9%	0.2%	-2.0%	-9.5%	11.0%	2.3%	34.0%	96.8%
Return on invested capital	3.2%	6.5%	4.8%	-0.9%	6.4%	1.4%	17.9%	14.9%
Return on assets	0.3%	0.0%	-0.4%	-1.3%	2.3%	0.5%	9.8%	29.2%
Free cash flow yield	-18.6%	-8.3%	-22.5%	-6.5%	-11.6%	-7.8%	12.9%	-1.3%
Earnings yield	0.4%	0.1%	-1.6%	-2.7%	3.6%	0.6%	6.1%	15.5%
Enterprise value	€390.3M	€262.3M	€179.4M	€269.5M	€270.5M	€262.2M	€323.5M	€282.9M
Net debt / EBITDA	1.94×	2.44×	2.96×	4.84×	3.22×	3.03×	0.09×	1.29×
Cash conversion cycle (days)	95	-17	-67	-37	-13	76	-117	21