Colt CZ Group SE (COLT.PR) 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

+131.0%

CZK 1,973.16

vs CZK 854.00 price

Levered DCF

CZK 2,916.18

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.38

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	28.97×	48.17×	18.23×	17.64×	46.19×	50.92×	42.15×	53.27×
P/B	2.8×	2.49×	4.01×	4.67×	6.7×	7.6×	9.06×	9.55×
P/S	2.53×	2.19×	2.51×	2.46×	3.29×	5.03×	5.26×	5.87×
EV / EBITDA	13.39×	17.77×	10.7×	10.08×	20.2×	25.96×	23.3×	28.64×
Gross margin	21.9%	36.4%	51.5%	52.5%	41.5%	55.7%	53.6%	53.3%
Operating margin	15.0%	8.8%	12.5%	15.1%	9.5%	15.5%	15.8%	12.4%
Net margin	8.7%	4.6%	13.7%	13.9%	7.1%	9.9%	12.5%	11.0%
Current ratio	2.35×	2.78×	1.91×	2.66×	1.63×	3.64×	2.93×	2.74×
Debt / equity	1.01×	0.89×	1.26×	0.94×	1.4×	0.53×	0.68×	0.7×
Interest coverage	2.92×	1.53×	1.95×	2.95×	2.83×	9.13×	10.99×	10.32×
Dividend yield	1.4%	0.5%	2.3%	2.4%	0.7%	1.0%	1.8%	0.8%
Payout ratio	41.4%	24.9%	42.3%	41.5%	33.3%	48.8%	75.3%	43.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.7%	5.2%	22.0%	26.5%	14.5%	14.9%	21.5%	17.9%
Return on invested capital	6.1%	3.7%	6.8%	11.7%	5.7%	11.9%	12.5%	8.7%
Return on assets	3.7%	2.3%	7.9%	10.4%	4.5%	7.7%	9.8%	7.9%
Free cash flow yield	10.2%	3.5%	1.3%	3.4%	2.5%	3.7%	0.7%	1.7%
Earnings yield	3.4%	2.1%	5.5%	5.7%	2.2%	2.0%	2.4%	1.9%
Enterprise value	CZK 67.8B	CZK 61.8B	CZK 45.6B	CZK 40.3B	CZK 38.9B	CZK 34.3B	CZK 32.9B	CZK 32.3B
Net debt / EBITDA	1.69×	3.44×	1.96×	1.11×	1.96×	0.01×	1.1×	0.84×
Cash conversion cycle (days)	192	194	232	179	170	171	256	256