Branicks Group AG (BRNK.DE) 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

+7969.1%

€28.24

vs €0.35 price

Levered DCF

€12.77

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.7

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
P/E	-0.66×	-4.32×	20.27×	21.51×	15.34×	13.79×	12.96×	14.54×
P/B	0.25×	0.27×	0.54×	1.11×	0.97×	0.41×	0.21×	0.26×
P/S	0.73×	1.04×	2.09×	5.27×	5.22×	5.83×	3.35×	3.98×
EV / EBITDA	13.98×	20.62×	21.78×	21.32×	19.3×	4.88×	2.27×	3.68×
Gross margin	78.8%	79.4%	57.3%	64.8%	61.2%	63.3%	57.7%	42.4%
Operating margin	-118.4%	-2.2%	29.5%	38.8%	36.2%	18.2%	19.1%	20.4%
Net margin	-111.7%	-24.0%	10.3%	24.4%	34.2%	43.0%	25.9%	27.2%
Current ratio	0.78×	1.06×	2.3×	3.86×	4.58×	105.06×	177.23×	202.81×
Debt / equity	3.05×	2.84×	2.64×	1.93×	1.35×	0.04×	0.03×	0.06×
Interest coverage	-2.42×	-0.06×	1.25×	1.55×	2.02×	0.8×	0.64×	0.71×
Dividend yield	0.0%	21.0%	6.9%	3.0%	3.4%	1.6%	4.7%	4.5%
Payout ratio	0.0%	-90.4%	140.1%	64.6%	51.4%	21.9%	61.2%	66.1%

Key metrics by fiscal year

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Return on equity	-37.4%	-6.3%	2.6%	5.1%	6.4%	3.0%	1.6%	1.8%
Return on invested capital	-7.7%	-0.1%	1.2%	2.1%	2.3%	0.2%	0.2%	0.2%
Return on assets	-7.5%	-1.4%	0.6%	1.7%	2.6%	36.4%	13.4%	14.0%
Free cash flow yield	29.7%	34.1%	25.1%	3.4%	5.8%	7.1%	13.9%	9.3%
Earnings yield	-152.2%	-23.2%	4.9%	4.6%	6.5%	7.4%	7.7%	6.8%
Enterprise value	€2.3B	€3.1B	€3.5B	€2.9B	€2.2B	€853M	€299M	€534.2M
Net debt / EBITDA	12.86×	18.72×	17.91×	12.07×	9.83×	-1.4×	-1.67×	-0.5×
Cash conversion cycle (days)	27	168	142	476	421	127	70	86