Datron AG (DAR.DE) 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

-749.2%

-€65.57

vs €10.10 price

Levered DCF

-€27.13

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.26

Grey 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	-94.59×	11.83×	8.95×	9.73×	12.24×	24.32×	15.92×	12.47×
P/B	0.65×	0.54×	0.94×	1.09×	1.34×	1.12×	1.45×	1.52×
P/S	0.46×	0.39×	0.63×	0.7×	0.87×	0.85×	0.83×	0.79×
EV / EBITDA	21.64×	-0.79×	5.69×	3.97×	4.9×	6.7×	6.86×	5.61×
Gross margin	18.6%	-31.0%	58.5%	23.0%	22.1%	20.4%	21.7%	55.4%
Operating margin	1.1%	5.6%	9.4%	10.2%	10.1%	5.0%	7.1%	9.2%
Net margin	-0.5%	10.7%	7.0%	7.2%	7.1%	3.5%	5.3%	6.3%
Current ratio	4.75×	7.78×	5.13×	13.92×	19.46×	13.14×	9.92×	5.98×
Debt / equity	0.72×	0.52×	0.14×	0.01×	0.02×	0.02×	0.03×	0.02×
Interest coverage	0.65×	6.72×	112.28×	129.98×	162.6×	23.56×	27.46×	47.52×
Dividend yield	1.7%	3.3%	2.0%	1.9%	0.4%	1.1%	1.8%	1.8%
Payout ratio	-161.3%	12.0%	17.7%	18.2%	5.1%	26.7%	28.2%	22.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.7%	15.1%	10.5%	11.1%	11.0%	4.6%	9.2%	12.1%
Return on invested capital	0.6%	3.9%	8.7%	9.4%	9.3%	3.9%	8.0%	11.8%
Return on assets	-0.4%	9.0%	7.9%	9.0%	9.2%	3.8%	7.5%	10.0%
Free cash flow yield	-29.5%	-56.3%	-29.7%	-2.1%	2.9%	10.2%	-1.4%	7.6%
Earnings yield	-1.1%	27.7%	11.1%	10.2%	8.2%	4.1%	6.3%	8.0%
Enterprise value	€52.7M	€39.3M	€40.5M	€29.6M	€33.6M	€23.3M	€36.2M	€34.3M
Net debt / EBITDA	10.32×	-0.31×	0.04×	-1.69×	-2×	-3.59×	-1.61×	-1.62×
Cash conversion cycle (days)	148	287	256	170	152	166	161	208