Coffee Stain Studios AB (COFFEE-B.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

+74.0%

SEK 33.51

vs SEK 19.26 price

Levered DCF

SEK 37.23

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

9.34

Safe zone

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
P/E	342.8×	26.16×	15.73×
P/B	1.04×	3.47×	3.03×
P/S	3.92×	4.61×	4.63×
EV / EBITDA	6.65×	6.15×	6.49×
Gross margin	6.6%	102.7%	104.2%
Operating margin	6.6%	29.6%	37.2%
Net margin	1.1%	17.6%	29.4%
Current ratio	4.62×	1.17×	1.19×
Debt / equity	0.01×	0.02×	0.02×
Interest coverage	1.34×	5.37×	6.31×
Dividend yield	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	0.3%	13.3%	19.3%
Return on invested capital	1.6%	7.0%	8.6%
Return on assets	0.3%	4.8%	7.4%
Free cash flow yield	12.1%	12.2%	10.1%
Earnings yield	0.3%	3.8%	6.4%
Enterprise value	SEK 3.2B	SEK 4.6B	SEK 4.7B
Net debt / EBITDA	-1.25×	-0.6×	-0.39×
Cash conversion cycle (days)	63	820	689