Almunda Professionals N.V. (AMUND.AS) 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

+251.9%

€3.03

vs €0.86 price

Levered DCF

€2.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.26

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	-34.33×	-67.44×	63.46×	-129×	10.64×	20.74×	403.85×	17.3×
P/B	1.88×	1.88×	1.93×	1.98×	2.38×	2.45×	2.75×	2.21×
P/S	0.73×	0.82×	0.91×	0.88×	1.02×	0.99×	0.9×	0.59×
EV / EBITDA	6.82×	6.58×	6.68×	5.02×	5.31×	4.62×	16.8×	11.19×
Gross margin	25.5%	29.6%	21.1%	37.0%	18.9%	13.5%	21.6%	8.5%
Operating margin	2.4%	4.4%	6.7%	6.7%	11.5%	6.2%	4.7%	1.1%
Net margin	-1.8%	-1.2%	1.4%	-0.4%	9.4%	4.8%	0.2%	3.4%
Current ratio	0.82×	1.11×	1.14×	1.22×	2.91×	2.14×	1.83×	1.53×
Debt / equity	1.25×	1.06×	1.1×	1.27×	0.07×	0.12×	0.12×	0.32×
Interest coverage	0.87×	1.38×	1.88×	2.8×	53.59×	37.48×	18.43×	7.3×
Dividend yield	0.1%	0.1%	0.0%	0.4%	4.3%	0.0%	4.8%	0.0%
Payout ratio	-2.9%	-7.5%	2.0%	-89.9%	46.0%	0.0%	1893.5%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-4.8%	-2.9%	3.0%	-0.8%	22.1%	11.8%	0.7%	12.8%
Return on invested capital	2.2%	-0.2%	4.2%	1.5%	19.5%	7.8%	2.8%	2.7%
Return on assets	-1.4%	-1.0%	1.0%	-0.3%	11.2%	5.0%	0.4%	6.8%
Free cash flow yield	11.8%	12.3%	17.8%	15.2%	7.4%	39.4%	6.8%	-41.2%
Earnings yield	-2.5%	-1.5%	1.6%	-0.4%	9.3%	4.8%	0.3%	5.8%
Enterprise value	€33.1M	€31.8M	€33.6M	€32.4M	€10.8M	€5.4M	€9.8M	€8.3M
Net debt / EBITDA	2.09×	1.66×	1.68×	1.44×	-1.43×	-6.13×	-4.36×	-3.07×
Cash conversion cycle (days)	47	43	44	32	142	45	27	31