Detection Technology Oyj (DETEC.HE) 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

+88.8%

€12.42

vs €6.58 price

Levered DCF

€8.74

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.31

Safe 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	25.23×	20.13×	37.89×	48.29×	45.78×	50.85×	29.43×	16.5×
P/B	2.08×	2.72×	2.9×	3.4×	5.77×	5.88×	6.31×	4.76×
P/S	1.61×	2.09×	2.03×	2.51×	4.72×	4.21×	3.59×	2.6×
EV / EBITDA	12.98×	11.59×	16.86×	25.38×	26.74×	29.22×	17.38×	11.1×
Gross margin	18.5%	47.6%	20.6%	45.9%	48.7%	47.8%	48.7%	50.2%
Operating margin	8.0%	12.8%	7.9%	5.9%	11.8%	10.7%	16.6%	19.7%
Net margin	6.4%	10.3%	5.3%	5.2%	10.4%	8.3%	12.2%	15.8%
Current ratio	3.44×	4.8×	4.49×	4.52×	4.48×	3.79×	3.59×	3.17×
Debt / equity	0.06×	0.01×	0.09×	0.04×	0.03×	0.1×	0.1×	0.08×
Interest coverage	11.3×	18.01×	21.71×	38.4×	53.16×	35.9×	72.05×	31.62×
Dividend yield	4.5%	1.5%	1.4%	2.1%	0.9%	1.6%	1.5%	2.0%
Payout ratio	113.8%	30.3%	53.3%	100.3%	43.2%	81.1%	43.8%	32.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.2%	13.5%	7.6%	7.0%	12.7%	11.5%	21.4%	28.9%
Return on invested capital	8.6%	13.7%	7.8%	7.0%	11.5%	11.3%	19.7%	26.9%
Return on assets	6.2%	11.1%	5.8%	5.6%	10.1%	8.9%	16.2%	20.9%
Free cash flow yield	1.4%	8.0%	3.6%	-0.8%	1.4%	1.3%	2.1%	0.6%
Earnings yield	4.0%	5.0%	2.6%	2.1%	2.2%	2.0%	3.4%	6.1%
Enterprise value	€142.2M	€196.5M	€198.4M	€227.1M	€396.5M	€324.2M	€347.6M	€226.1M
Net debt / EBITDA	-1.87×	-1.64×	-1.08×	-2.3×	-1.86×	-1.75×	-1.02×	-0.9×
Cash conversion cycle (days)	188	189	185	230	220	181	145	128