Coor Service Management Holding AB (COOR.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

+183.9%

SEK 139.09

vs SEK 49.00 price

Levered DCF

SEK 127.48

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.31

Grey zone

Rating

B+

Overall 3 / 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	21.4×	25.79×	26.74×	23.81×	29.73×	36.2×	46.55×	62.48×
P/B	3.37×	2.29×	2.65×	3.16×	3.93×	3.32×	3.98×	3.01×
P/S	0.37×	0.26×	0.33×	0.52×	0.78×	0.72×	0.76×	0.69×
EV / EBITDA	8.59×	8.14×	8.5×	9.25×	12×	11×	14.38×	17.15×
Gross margin	11.6%	10.9%	10.0%	10.5%	11.6%	10.4%	9.6%	9.6%
Operating margin	3.6%	3.0%	2.9%	3.5%	4.0%	3.3%	2.9%	2.3%
Net margin	1.7%	1.0%	1.2%	2.2%	2.6%	2.0%	1.6%	1.1%
Current ratio	0.74×	0.72×	0.59×	0.77×	0.83×	0.73×	0.83×	0.91×
Debt / equity	1.97×	1.88×	1.72×	1.11×	1.15×	0.77×	1.14×	0.81×
Interest coverage	2.72×	2.04×	2.44×	5.37×	6.4×	4.89×	4.53×	4.06×
Dividend yield	3.0%	8.7%	11.0%	7.5%	5.3%	0.0%	4.8%	5.9%
Payout ratio	65.1%	226.2%	294.2%	177.8%	157.4%	0.0%	224.9%	368.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.7%	8.8%	9.9%	13.3%	13.2%	9.2%	8.5%	4.8%
Return on invested capital	7.9%	5.8%	6.0%	7.6%	7.2%	6.5%	5.2%	3.9%
Return on assets	3.1%	1.8%	2.1%	3.6%	3.7%	3.1%	2.5%	1.6%
Free cash flow yield	13.6%	7.7%	13.3%	9.4%	8.5%	9.5%	7.6%	3.9%
Earnings yield	4.7%	3.9%	3.7%	4.2%	3.4%	2.8%	2.1%	1.6%
Enterprise value	SEK 7B	SEK 5.7B	SEK 6.3B	SEK 7.8B	SEK 9.5B	SEK 8.1B	SEK 9.6B	SEK 7.8B
Net debt / EBITDA	2.87×	3.5×	2.91×	1.98×	2.1×	1.64×	2.62×	2.87×
Cash conversion cycle (days)	18	18	17	18	27	18	20	-43