Clean&Carbon Energy S.A. (CCE.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

-147.6%

-PLN 0.13

vs PLN 0.27 price

Levered DCF

-PLN 0.09

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-12

Distress zone

Rating

D+

Overall 1 / 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	-1.27×	-27.47×	-13.42×	-142.86×	-0.58×	-3.82×	-8.22×	-0.04×
P/B	3.66×	0.94×	1.13×	1.24×	2.86×	0.13×	0.03×	0.03×
P/S	49.75×	3.53×	0×	92.65×	0×	71.42×	0×	5.44×
EV / EBITDA	16.33×	0×	0×	0×	0×	-8.18×	-19.59×	0×
Gross margin	97.7%	100.0%	0.0%	81.8%	0.0%	6.7%	0.0%	43.7%
Operating margin	-3734.3%	-10.8%	0.0%	-36.5%	0.0%	-921.7%	0.0%	-956.3%
Net margin	-3860.0%	-12.8%	0.0%	-64.9%	0.0%	-1869.2%	0.0%	-15222.0%
Current ratio	0.05×	0.05×	0.03×	0.08×	0.06×	17.55×	23.78×	24.39×
Debt / equity	1.27×	0.16×	0.01×	0.01×	0.07×	0.01×	0×	0×
Interest coverage	-29.7×	-5.35×	-9.07×	-1.29×	-582.71×	-28.36×	0×	-88.17×
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	-284.2%	-3.4%	-8.4%	-0.9%	-493.4%	-3.4%	-0.4%	-83.8%
Return on invested capital	-121.4%	-2.5%	-6.1%	-0.4%	-459.2%	-1.7%	-0.2%	-5.3%
Return on assets	-67.0%	-1.8%	-5.4%	-0.7%	-373.3%	-3.2%	-0.4%	-81.1%
Free cash flow yield	-19.9%	7.5%	-7.3%	-3.4%	0.0%	-15.5%	-0.0%	-0.2%
Earnings yield	-77.6%	-3.6%	-7.5%	-0.7%	-172.4%	-26.2%	-12.1%	-2797.5%
Enterprise value	PLN 11.7M	PLN 9.8M	PLN 10.8M	PLN 13.8M	PLN 32.5M	PLN 9M	PLN 2.1M	PLN 2.1M
Net debt / EBITDA	4.19×	0×	0×	0×	0×	-0.43×	0×	0×
Cash conversion cycle (days)	-178,663	-836	-3,194	-124	0	166,265	0	53,523