Search companies

Find a company by ticker or name

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
+880.9%
€3,207.43
vs €327.00 price
Levered DCF
€3,371.61
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
1.49
Distress zone
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E6.04×4.85×6.25×6.57×12.72×-12.04×9.08×4.41×
P/B0.69×0.34×0.45×0.56×0.75×0.98×0.92×0.97×
P/S0.12×0.05×0.07×0.1×0.16×0.2×0.17×0.19×
EV / EBITDA3.58×2.64×2.82×4.47×4.16×25.4×3.35×2.2×
Gross margin9.7%11.1%11.2%10.9%11.2%9.0%11.7%14.8%
Operating margin2.5%4.2%3.8%4.3%3.5%1.6%5.4%7.0%
Net margin1.2%1.1%1.1%1.5%1.2%-1.6%1.9%4.4%
Current ratio0.83×0.71×0.7×0.79×0.95×0.96×0.95×1.1×
Debt / equity1.36×1.48×1.53×1.64×1.26×1.24×1.37×1.24×
Interest coverage2.14×3.63×0×5.31×5.05×1.9×5.98×7.47×
Dividend yield0.9%8.3%4.0%3.2%2.3%1.9%2.4%2.0%
Payout ratio9.1%40.0%25.3%20.8%29.4%-22.7%22.2%8.9%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity7.1%7.0%7.2%8.5%5.9%-8.2%10.1%22.0%
Return on invested capital4.9%6.2%5.8%5.8%3.8%2.3%7.1%10.1%
Return on assets1.5%1.4%1.4%1.6%1.3%-1.8%2.1%4.5%
Free cash flow yield39.0%41.4%22.2%6.3%21.2%4.7%11.1%25.9%
Earnings yield10.3%20.6%16.0%15.2%7.9%-8.3%11.0%22.7%
Enterprise value€2.7B€2.3B€2.4B€2.7B€2.1B€2.3B€2.4B€2.2B
Net debt / EBITDA2.04×2.01×2×3.07×1.91×9.79×1.33×0.79×
Cash conversion cycle (days)2913238232281