Deceuninck N.V. (DECB.BR) 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

+118.9%

€5.28

vs €2.41 price

Levered DCF

€3.68

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.63

Grey zone

Rating

Overall 4 / 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	13.35×	24.3×	33.28×	56.58×	13.44×	10.72×	-18.64×	17.55×
P/B	0.93×	0.99×	1.05×	1.1×	1.83×	1.1×	1.21×	1.04×
P/S	0.41×	0.41×	0.36×	0.35×	0.55×	0.41×	0.44×	0.39×
EV / EBITDA	3.85×	4.48×	5.53×	6.54×	6.18×	3.88×	9.84×	5.87×
Gross margin	33.7%	32.1%	32.5%	26.8%	27.4%	31.7%	28.7%	30.0%
Operating margin	7.7%	7.6%	6.0%	4.8%	5.7%	7.1%	1.0%	6.7%
Net margin	3.1%	1.7%	1.1%	0.6%	4.1%	3.8%	-2.4%	2.2%
Current ratio	1.56×	1.47×	1.39×	1.67×	1.07×	1.74×	1.42×	1.63×
Debt / equity	0.37×	0.35×	0.39×	0.48×	0.53×	0.67×	0.84×	0.63×
Interest coverage	7.6×	4.93×	5.76×	6.62×	6.28×	4.72×	0.49×	3.62×
Dividend yield	3.5%	3.3%	3.9%	2.8%	1.6%	0.1%	1.5%	1.6%
Payout ratio	45.6%	79.7%	129.5%	158.2%	21.3%	0.6%	-28.4%	28.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.1%	4.1%	3.1%	1.9%	13.4%	10.1%	-6.5%	5.8%
Return on invested capital	7.3%	6.3%	8.9%	4.4%	10.7%	8.8%	1.4%	7.8%
Return on assets	3.5%	1.9%	1.4%	0.8%	5.0%	4.0%	-2.5%	2.5%
Free cash flow yield	8.3%	10.0%	24.6%	7.7%	0.4%	24.8%	5.1%	13.9%
Earnings yield	7.7%	4.1%	3.0%	1.8%	7.4%	9.2%	-5.3%	5.6%
Enterprise value	€411.4M	€421.8M	€386.1M	€426.7M	€523.8M	€319.4M	€420.4M	€357.1M
Net debt / EBITDA	0.91×	0.9×	1.01×	1.35×	0.73×	0.67×	3.28×	1.54×
Cash conversion cycle (days)	81	45	35	49	37	46	64	51