Biokarpet S.A. (BIOKA.AT) 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

-128.2%

-€0.41

vs €1.46 price

Levered DCF

-€12.95

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.02

Grey zone

Rating

B+

Overall 3 / 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	15.15×	149.21×	12.3×	4.13×	9.22×	101.76×	17.5×	76.06×
P/B	0.94×	0.94×	1.39×	0.85×	1.19×	0.7×	0.75×	0.46×
P/S	0.22×	0.22×	0.32×	0.16×	0.21×	0.17×	0.17×	0.11×
EV / EBITDA	13.34×	12.38×	8.54×	6.63×	9.65×	12.69×	10.5×	13.67×
Gross margin	14.8%	15.3%	16.9%	17.2%	15.7%	17.6%	18.4%	17.5%
Operating margin	2.3%	3.4%	6.1%	5.3%	3.5%	1.9%	3.1%	2.1%
Net margin	1.5%	0.1%	2.6%	3.9%	2.2%	0.2%	1.0%	0.1%
Current ratio	2.17×	1.94×	2.01×	1.48×	1.5×	1.81×	1.46×	1.85×
Debt / equity	2.35×	2.35×	2.15×	2.28×	2.95×	3.14×	2.66×	2.65×
Interest coverage	1×	1.04×	1.91×	3.14×	2.12×	0.81×	1.47×	0.94×
Dividend yield	1.0%	1.1%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	14.8%	158.6%	6.6%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.4%	0.6%	11.2%	20.2%	12.5%	0.7%	4.3%	0.6%
Return on invested capital	2.2%	1.2%	7.3%	6.9%	4.2%	0.6%	2.4%	-1.7%
Return on assets	1.6%	0.1%	2.8%	4.7%	2.4%	0.1%	0.9%	0.1%
Free cash flow yield	-18.5%	-10.4%	-1.0%	-15.5%	-8.3%	-65.4%	11.5%	-5.6%
Earnings yield	6.8%	0.7%	8.1%	23.9%	10.6%	1.0%	5.7%	1.3%
Enterprise value	€161.2M	€149.8M	€165.8M	€134.1M	€131.2M	€109.9M	€96.7M	€84.5M
Net debt / EBITDA	9.43×	8.65×	5.04×	4.77×	6.73×	10.3×	8.15×	11.57×
Cash conversion cycle (days)	107	90	88	106	103	167	124	140