Bio Planet S.A. (BIP.WA) 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

-408.4%

-PLN 67.85

vs PLN 22.00 price

Levered DCF

-PLN 48.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.44

Safe 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	12.68×	23.13×	45×	46.32×	20.47×	19.33×	13.38×	213.33×
P/B	2.51×	1.81×	1.83×	1.16×	4.06×	5.77×	1.93×	1.63×
P/S	0.26×	0.17×	0.17×	0.13×	0.36×	0.47×	0.16×	0.14×
EV / EBITDA	9.38×	10.43×	12.08×	15.55×	15.27×	15.04×	7.72×	13.01×
Gross margin	4.2%	28.9%	27.7%	2.3%	26.9%	27.6%	26.7%	25.3%
Operating margin	2.9%	1.5%	0.6%	1.3%	2.5%	3.7%	2.0%	0.9%
Net margin	2.0%	0.7%	0.4%	0.3%	1.8%	2.4%	1.2%	0.1%
Current ratio	0.97×	0.86×	0.84×	1.2×	0.96×	0.97×	0.95×	0.94×
Debt / equity	1.09×	1.24×	1.39×	1.53×	1.43×	1.38×	0.77×	0.89×
Interest coverage	5.05×	1.86×	0.75×	1.66×	9.24×	15.8×	4.23×	1.76×
Dividend yield	0.4%	0.0%	0.0%	4.1%	2.8%	1.0%	0.2%	0.0%
Payout ratio	4.8%	0.0%	0.0%	185.9%	58.2%	18.5%	3.1%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.8%	7.8%	4.0%	2.6%	19.8%	29.9%	14.4%	0.8%
Return on invested capital	10.6%	6.4%	2.0%	2.6%	9.0%	14.6%	7.3%	1.9%
Return on assets	5.5%	1.9%	0.9%	0.5%	4.8%	7.4%	3.5%	0.2%
Free cash flow yield	-3.2%	4.1%	9.6%	-48.9%	-0.7%	-4.9%	7.2%	4.3%
Earnings yield	7.9%	4.3%	2.2%	2.2%	4.9%	5.2%	7.4%	0.5%
Enterprise value	PLN 113.5M	PLN 78.1M	PLN 76.2M	PLN 61.1M	PLN 100M	PLN 119.2M	PLN 33.6M	PLN 27M
Net debt / EBITDA	2.81×	4.22×	5.23×	8.84×	3.98×	2.89×	2.12×	4.47×
Cash conversion cycle (days)	26	9	10	35	26	31	21	21