Unibios Holdings S.A. (BIOSK.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

+31.7%

€2.67

vs €2.03 price

Levered DCF

-€1.05

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.74

Grey 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	33.76×	26.45×	9.33×	16.28×	27.91×	-48.31×	66.09×	-1.99×
P/B	2.67×	1.55×	1.21×	0.78×	0.73×	0.38×	0.56×	0.1×
P/S	3.59×	1.84×	1.46×	0.94×	1.1×	0.61×	0.79×	0.1×
EV / EBITDA	16.94×	13.39×	6.56×	10.28×	11.3×	13.87×	13.63×	10.67×
Gross margin	42.5%	39.9%	37.7%	37.3%	36.7%	37.0%	41.2%	38.2%
Operating margin	18.3%	15.5%	23.3%	12.3%	10.9%	5.9%	9.1%	3.7%
Net margin	12.0%	7.0%	15.6%	5.8%	3.9%	-1.3%	1.2%	-5.0%
Current ratio	1.91×	2.14×	1.75×	1.38×	1.64×	1.27×	1.2×	0.81×
Debt / equity	0.55×	0.42×	0.41×	0.62×	0.51×	0.68×	0.59×	0.49×
Interest coverage	7.54×	6.61×	4.85×	3.55×	2.49×	1.11×	1.67×	0.68×
Dividend yield	0.9%	1.3%	1.1%	1.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	25.7%	33.0%	10.0%	23.8%	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	8.9%	5.9%	12.9%	4.8%	2.6%	-0.8%	0.8%	-4.9%
Return on invested capital	5.3%	6.0%	11.3%	4.0%	2.8%	-4.8%	1.3%	1.9%
Return on assets	4.5%	3.5%	7.7%	2.5%	1.4%	-0.4%	0.5%	-2.0%
Free cash flow yield	-3.2%	-2.7%	3.4%	-22.5%	10.8%	-3.4%	-18.8%	-144.3%
Earnings yield	3.3%	3.8%	10.7%	6.2%	3.6%	-2.1%	1.5%	-49.2%
Enterprise value	€53.8M	€31.4M	€22.4M	€18.6M	€14.5M	€11.2M	€13.3M	€4.7M
Net debt / EBITDA	1.25×	1.81×	1.01×	4.44×	4.06×	8.36×	6.87×	8.85×
Cash conversion cycle (days)	355	304	317	342	257	323	313	205