DataWalk S.A. (DAT.WA) 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

-244.2%

-PLN 141.75

vs PLN 98.30 price

Levered DCF

-PLN 149.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.06

Distress zone

Rating

C-

Overall 1 / 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	-9.77×	-6.25×	-6.62×	-3.89×	-664.71×	-138.13×	-20.45×	-6.66×
P/B	-110.77×	-55.07×	15.01×	15.44×	14.07×	10.93×	10.75×	11.44×
P/S	16.66×	12.43×	7.23×	14.02×	38.26×	59.06×	65.79×	54.43×
EV / EBITDA	-8.31×	-5.62×	-12.14×	-3.18×	-410.74×	-160.94×	-21.08×	-6.62×
Gross margin	-55.2%	30.7%	-8.4%	90.9%	95.3%	92.7%	74.5%	93.2%
Operating margin	-189.6%	-214.0%	-78.3%	-400.9%	-21.0%	-43.8%	-315.2%	-823.4%
Net margin	-170.4%	-198.8%	-109.3%	-360.5%	-5.7%	-42.8%	-322.4%	-816.7%
Current ratio	0.6×	0.45×	0.66×	6.39×	6.59×	8.44×	6.3×	4×
Debt / equity	-0.17×	-0.27×	0.1×	0.06×	0.02×	0.03×	0.03×	0×
Interest coverage	-942.57×	-612.99×	-183.3×	-1,778.55×	-108.27×	-195.91×	-1,542.86×	-1,386.26×
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	1133.2%	880.9%	-226.8%	-397.1%	-2.1%	-7.9%	-52.7%	-171.6%
Return on invested capital	3380.7%	1480.9%	-147.4%	-118.6%	-2.4%	-7.9%	-50.1%	-172.1%
Return on assets	-58.2%	-82.6%	-53.9%	-105.6%	-1.9%	-6.9%	-46.3%	-147.5%
Free cash flow yield	-2.2%	-5.5%	-24.9%	-7.0%	-1.9%	-0.6%	-6.3%	-14.2%
Earnings yield	-10.2%	-16.0%	-15.1%	-25.7%	-0.1%	-0.7%	-4.9%	-15.0%
Enterprise value	PLN 590.8M	PLN 291.1M	PLN 175.4M	PLN 398.2M	PLN 1.1B	PLN 800.7M	PLN 216.9M	PLN 89.4M
Net debt / EBITDA	0.54×	0.29×	0.76×	0.45×	19.6×	14.36×	0.83×	0.16×
Cash conversion cycle (days)	80	114	136	-428	-435	-369	-9	-7,397