Cavotec Group AB (CCC.ST) 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

+118.4%

SEK 23.15

vs SEK 10.60 price

Levered DCF

SEK 86.34

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.18

Distress 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	-96.64×	40.77×	758.29×	-35.85×	-151.14×	-49.78×	22.1×	-5.63×
P/B	2.56×	2.62×	2.37×	2.59×	2.74×	1.88×	1.54×	1.02×
P/S	0.84×	0.9×	0.74×	0.77×	1.57×	1.26×	0.85×	0.52×
EV / EBITDA	15.98×	10.47×	11.9×	20.3×	42.29×	51.35×	8.98×	-9.37×
Gross margin	8.4%	51.4%	44.0%	45.3%	49.4%	52.0%	53.7%	51.0%
Operating margin	1.1%	6.2%	8.0%	0.5%	2.5%	-0.6%	6.3%	-7.1%
Net margin	-0.9%	2.2%	0.1%	-2.1%	-1.0%	-2.5%	3.8%	-9.4%
Current ratio	1.26×	1.42×	1.43×	1.15×	1.28×	1.72×	1.43×	1.98×
Debt / equity	0.45×	0.44×	0.59×	0.78×	0.35×	0.31×	0.35×	0.04×
Interest coverage	0.7×	4.18×	4.17×	0.73×	0×	-0.79×	8.06×	-9.03×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.7%	6.4%	0.3%	-7.2%	-1.8%	-3.8%	6.9%	-18.4%
Return on invested capital	-2.2%	5.7%	0.7%	0.9%	-1.2%	-0.7%	5.5%	-8.4%
Return on assets	-1.0%	2.6%	0.1%	-1.9%	-0.7%	-2.0%	3.6%	-8.0%
Free cash flow yield	8.9%	3.4%	0.3%	-20.8%	-2.5%	6.2%	7.6%	-7.8%
Earnings yield	-1.1%	2.5%	0.1%	-2.8%	-0.7%	-2.0%	4.5%	-18.0%
Enterprise value	SEK 143.3M	SEK 171.5M	SEK 152.2M	SEK 138.1M	SEK 193.3M	SEK 212.8M	SEK 190.2M	SEK 85.4M
Net debt / EBITDA	0.96×	0.91×	1.42×	3.61×	2.4×	3.35×	1.14×	1.86×
Cash conversion cycle (days)	103	116	103	116	28	133	126	128