Boozt AB (publ) (BOOZT-DKK.CO) 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

-54.8%

DKK 46.98

vs DKK 103.90 price

Levered DCF

DKK 89.65

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.01

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	23.52×	23.83×	38.1×	43.96×	62.48×	81.53×	157.93×	195.83×
P/B	2.54×	2.74×	3.26×	3.27×	5.42×	5.67×	9.2×	9.55×
P/S	0.85×	0.99×	1.14×	1.21×	2.03×	2.48×	2.53×	2.99×
EV / EBITDA	8.67×	10.57×	14.91×	15.65×	25.91×	30.33×	45.28×	71.3×
Gross margin	22.6%	39.0%	22.0%	39.5%	40.4%	40.6%	39.7%	40.0%
Operating margin	5.4%	5.5%	3.9%	3.8%	4.5%	4.2%	2.7%	2.4%
Net margin	3.6%	4.1%	3.0%	2.8%	3.2%	3.0%	1.6%	1.5%
Current ratio	1.53×	1.74×	1.66×	1.55×	1.82×	2.07×	1.61×	1.73×
Debt / equity	0.16×	0.29×	0.35×	0.44×	0.39×	0.37×	0.67×	0.13×
Interest coverage	10.67×	10.27×	7.82×	11.5×	16.53×	15.19×	8.74×	28.38×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	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	10.8%	11.5%	8.6%	7.4%	8.7%	7.0%	5.8%	4.9%
Return on invested capital	10.5%	9.1%	7.0%	5.5%	6.3%	5.3%	3.9%	4.8%
Return on assets	5.3%	5.4%	3.9%	3.1%	3.7%	3.3%	2.2%	2.3%
Free cash flow yield	13.9%	0.2%	0.1%	3.5%	-1.1%	5.5%	-1.0%	-1.3%
Earnings yield	4.3%	4.2%	2.6%	2.3%	1.6%	1.2%	0.6%	0.5%
Enterprise value	DKK 6.4B	DKK 7.9B	DKK 8.4B	DKK 7.5B	DKK 11.1B	DKK 9.8B	DKK 9B	DKK 8.1B
Net debt / EBITDA	-0.89×	-0.39×	-0.89×	-1.36×	-1.65×	-3.07×	1.49×	-2.28×
Cash conversion cycle (days)	68	114	78	64	99	61	115	120