Cyberoo S.p.A. (CYB.MI) 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

+5.2%

€1.23

vs €1.17 price

Levered DCF

€4.15

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.06

Grey zone

Rating

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	17.76×	19.27×	31.29×	30.09×	422.73×	993.33×	52.97×	-41,039.98×
P/B	1.35×	3.51×	6.05×	5.58×	6.05×	5.16×	3.5×	15.55×
P/S	1.46×	3.75×	6.12×	4.78×	8.13×	9.34×	6.34×	8.69×
EV / EBITDA	2.76×	8.82×	12.9×	12.24×	31.07×	30.11×	13.91×	23.96×
Gross margin	30.6%	80.6%	33.2%	65.8%	67.1%	68.6%	68.3%	65.1%
Operating margin	28.9%	29.7%	30.0%	39.4%	4.6%	3.0%	19.6%	19.5%
Net margin	8.2%	18.8%	19.5%	15.9%	1.9%	0.9%	12.0%	-0.0%
Current ratio	2.68×	2.32×	3.31×	1.47×	2.15×	3.43×	2.42×	0.76×
Debt / equity	0×	0.24×	0.26×	0.16×	0.21×	0.2×	0.1×	0.19×
Interest coverage	0×	14.24×	12.41×	28.84×	3.84×	2.03×	13.1×	24.89×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.6%	17.6%	19.3%	18.6%	1.4%	0.5%	6.6%	-0.0%
Return on invested capital	10.8%	15.1%	13.4%	29.6%	1.6%	0.8%	6.1%	-0.1%
Return on assets	3.5%	10.3%	11.0%	10.4%	0.9%	0.3%	4.6%	-0.0%
Free cash flow yield	27.9%	-4.3%	0.2%	1.7%	-3.9%	-3.3%	-9.2%	0.0%
Earnings yield	5.6%	5.0%	3.2%	3.3%	0.2%	0.1%	1.9%	-0.0%
Enterprise value	€18.8M	€87M	€120M	€81.8M	€74.5M	€56.4M	€34M	€41.5M
Net debt / EBITDA	-2.61×	-0.04×	-0.43×	-0.31×	0.39×	-0.58×	-1.35×	0.28×
Cash conversion cycle (days)	139	174	171	69	142	47	-42	-7