D'Ieteren Group S.A. (DIE.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

-92.0%

€14.01

vs €175.40 price

Levered DCF

€334.86

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.19

Grey zone

Rating

B+

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	19.38×	23.16×	19.11×	28.18×	36.28×	26.48×	53.05×	1.7×
P/B	568.52×	-18.64×	2.74×	3.01×	3.07×	1.33×	1.28×	0.67×
P/S	1.01×	1.04×	1.19×	2.02×	2.73×	1.1×	0.89×	0.5×
EV / EBITDA	16.15×	22.7×	18.61×	34.58×	60.79×	60.13×	56.29×	8.65×
Gross margin	25.1%	24.1%	22.6%	20.6%	14.3%	13.3%	13.0%	13.6%
Operating margin	4.9%	3.2%	4.7%	9.1%	8.6%	4.9%	5.7%	3.2%
Net margin	5.3%	4.6%	6.3%	7.1%	7.5%	4.2%	1.7%	29.3%
Current ratio	1.27×	1.48×	1.8×	1.73×	3.08×	4.29×	4.42×	3.89×
Debt / equity	157.11×	-5.8×	0.47×	0.51×	0.07×	0.04×	0.07×	0.06×
Interest coverage	2.74×	1.85×	2.62×	10.95×	43.01×	24.04×	25.69×	4.07×
Dividend yield	1.1%	49.0%	1.7%	1.2%	0.8%	1.5%	1.6%	11.7%
Payout ratio	20.1%	1122.5%	31.8%	34.1%	28.9%	38.8%	85.0%	19.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2968.5%	-81.4%	14.6%	10.5%	8.5%	5.1%	2.4%	39.5%
Return on invested capital	6.9%	4.0%	5.5%	7.0%	7.7%	4.8%	5.0%	2.6%
Return on assets	6.8%	5.6%	7.0%	5.3%	6.5%	4.0%	1.9%	30.6%
Free cash flow yield	6.4%	8.7%	3.5%	0.1%	1.4%	3.9%	-0.0%	-4.1%
Earnings yield	5.2%	4.4%	5.3%	3.5%	2.8%	3.8%	1.9%	58.8%
Enterprise value	€10.1B	€10.6B	€10.3B	€10.8B	€9B	€3.4B	€2.8B	€1B
Net debt / EBITDA	3.11×	4.42×	1.56×	4.02×	-0.96×	-4.4×	-10.73×	-6.68×
Cash conversion cycle (days)	35	53	62	104	56	61	63	62