Distribuidora Internacional de Alimentación, S.A. (DIA.MC) 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

-23.8%

€34.71

vs €45.55 price

Levered DCF

€55.34

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.55

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	16.51×	-11.25×	-22.69×	-5.96×	-3.59×	-2.1×	-0.86×	-2.49×
P/B	16.96×	-23.57×	-10.05×	97.54×	9.86×	-1.1×	-1.94×	-5.4×
P/S	0.37×	0.15×	0.14×	0.12×	0.16×	0.11×	0.1×	0.12×
EV / EBITDA	6.11×	3.46×	3.65×	5.56×	8.43×	13.6×	-117.3×	17.13×
Gross margin	11.5%	22.7%	10.0%	25.8%	26.3%	26.6%	23.8%	26.1%
Operating margin	2.5%	-0.1%	0.0%	-2.0%	-2.7%	-2.6%	-8.4%	-1.9%
Net margin	2.3%	-1.3%	-0.6%	-2.1%	-4.4%	-5.3%	-11.5%	-4.6%
Current ratio	0.56×	0.55×	0.63×	0.62×	0.58×	0.5×	0.5×	0.49×
Debt / equity	7.38×	-26.11×	-14.12×	172.53×	13.69×	-3.42×	-6.26×	-10.12×
Interest coverage	1.06×	-0.03×	0.02×	-1.39×	-1.17×	-1.38×	-4.28×	-2.84×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	12.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-31.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	102.8%	208.9%	44.4%	-1638.9%	-275.0%	52.2%	225.5%	212.3%
Return on invested capital	11.7%	-0.3%	0.2%	-8.0%	-10.4%	-10.1%	-30.3%	-9.0%
Return on assets	5.3%	-3.4%	-1.2%	-4.0%	-8.4%	-12.0%	-23.8%	-10.8%
Free cash flow yield	13.1%	43.8%	26.4%	24.0%	18.7%	41.1%	-15.0%	-54.1%
Earnings yield	6.1%	-8.9%	-4.4%	-16.8%	-27.9%	-47.6%	-116.1%	-39.3%
Enterprise value	€2.7B	€1.5B	€1.5B	€1.8B	€1.8B	€2.8B	€2.7B	€2.3B
Net debt / EBITDA	1.29×	1.46×	2×	3.31×	4.21×	9.89×	-87.85×	10.56×
Cash conversion cycle (days)	-41	-52	-52	-63	-54	-35	-34	-44