Search companies

Find a company by ticker or name

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
+233.5%
€123.89
vs €37.15 price
Levered DCF
€65.29
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
0.59
Distress zone
Rating
C-
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-8.67×-8.75×-2.92×-4.02×-21.97×-18.17×-19.49×-152.19×
P/B4.14×2.97×4.06×3.2×4.4×21.87×7.18×3.68×
P/S0.48×0.63×0.67×1.39×4.11×10.3×10.85×8.95×
EV / EBITDA17.14×27.9×-8.14×-7.09×-51.92×-24×-28.59×-26.81×
Gross margin21.4%27.1%29.9%26.0%21.5%20.0%25.1%52.2%
Operating margin0.6%-3.7%-16.7%-9.9%-18.5%-26.1%-38.2%-36.3%
Net margin-5.6%-7.2%-23.1%-34.7%-18.7%-56.7%-55.7%-5.7%
Current ratio0.96×1.39×0.96×1.47×2.05×3.34×1.54×2.68×
Debt / equity2.82×2.19×3.41×1.53×0.83×2.7×0.06×0×
Interest coverage0.22×-1.22×-4.62×-3.65×-7.48×-7.98×-27.79×-89.52×
Dividend yield0.8%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio-6.9%0.0%-0.1%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-47.7%-34.0%-138.9%-79.6%-20.0%-120.4%-36.9%-2.4%
Return on invested capital1.2%-4.9%-20.8%-7.9%-9.8%-13.5%-22.7%-14.4%
Return on assets-7.4%-6.9%-21.9%-23.1%-8.6%-24.3%-25.8%-1.9%
Free cash flow yield-3.8%6.5%-4.2%-7.9%-5.1%-2.9%-3.4%-3.6%
Earnings yield-11.5%-11.4%-34.3%-24.9%-4.6%-5.5%-5.1%-0.6%
Enterprise value€9.3B€9.6B€10.7B€15.2B€26.2B€25.7B€12.9B€5.6B
Net debt / EBITDA4.63×5.42×-3.03×-1.53×-4.14×-0.21×1.29×1.74×
Cash conversion cycle (days)79151816101847