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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
-1299.4%
-€0.30
vs €0.03 price
Levered DCF
-€0.31
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-60.09
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2024FY2023FY2022FY2021FY2020FY2019
P/E-0.73×-0.27×-0.43×-10.96×-79.6×-180.91×
P/B-1.28×-0.26×-0.34×-14.79×-256.11×-153.42×
P/S14.58×3.48×2.1×140.31×834.26×583.68×
EV / EBITDA-0.75×-0.3×-0.48×-11.62×-79.8×-181.41×
Gross margin88.9%86.5%81.9%77.8%78.3%82.8%
Operating margin-199.9%-1253.3%-479.0%-1245.9%-1042.8%-321.7%
Net margin-1994.5%-1281.4%-483.8%-1274.6%-1043.0%-321.7%
Current ratio0.06×0.06×0.07×0.1×1.9×0.17×
Debt / equity-0.02×-0.02×-0.06×-0.43×0×0×
Interest coverage-7.68×-44.57×-24,994.8×-43.26×-9,908.03×-671.56×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2024FY2023FY2022FY2021FY2020FY2019
Return on equity175.4%95.4%77.2%134.4%320.2%84.6%
Return on invested capital19.1%102.3%97.9%396.1%-933.5%153.3%
Return on assets-1052.6%-705.5%-584.2%-1179.6%-453.7%-730.2%
Free cash flow yield-129.3%-320.5%-144.3%-7.8%-1.3%-0.0%
Earnings yield-136.8%-368.6%-230.2%-9.1%-1.3%-0.6%
Enterprise value€8.4M€2M€2.9M€57M€183.9M€184.2M
Net debt / EBITDA-0.01×-0.02×-0.05×-0.3×0.2×0.13×
Cash conversion cycle (days)-231-1,714-47193-30