Cmb.Tech N.V. (CMBT.BR) 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

+3173.2%

€506.04

vs €15.46 price

Levered DCF

-€87.44

After debt service

Piotroski score

—

Altman Z-score

—

Rating

A-

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	13.61×	2.29×	4.13×	16.62×	-5.29×
P/B	0.83×	0×	0×	0×	0×
P/S	1.31×	2.12×	2.88×	3.96×	4.27×
EV / EBITDA	8.28×	0×	0×	0×	0×
Gross margin	28.9%	42.2%	51.5%	27.5%	-65.4%
Operating margin	22.2%	106.6%	78.5%	34.4%	-67.1%
Net margin	9.6%	92.6%	69.5%	23.8%	-80.7%
Current ratio	0.86×	0×	0×	0×	0×
Debt / equity	2.12×	0×	0×	0×	0×
Interest coverage	0.98×	6.87×	7.3×	3.4×	-4.67×
Dividend yield	0.9%	51.1%	17.3%	0.7%	1.2%
Payout ratio	12.5%	116.8%	71.8%	11.5%	-6.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	6.1%	0.0%	0.0%	0.0%	0.0%
Return on invested capital	4.2%	0.0%	0.0%	0.0%	0.0%
Return on assets	1.9%	0.0%	0.0%	0.0%	0.0%
Free cash flow yield	-26.9%	0.0%	0.0%	0.0%	0.0%
Earnings yield	7.4%	43.7%	24.1%	6.0%	-18.9%
Enterprise value	€7.6B	€0	€0	€0	€0
Net debt / EBITDA	5.9×	0×	0×	0×	0×
Cash conversion cycle (days)	56	0	0	0	0