Dimand S.A. (DIMAND.AT) 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

+3793.8%

€543.18

vs €13.95 price

Levered DCF

-€375.19

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.62

Distress 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
P/E	6.15×	4.18×	14.37×	-29.22×	51.79×	22.31×	3.89×
P/B	1.01×	0.89×	1.42×	1.87×	7.18×	8.35×	1.45×
P/S	3.39×	5.43×	20.22×	21.58×	39.46×	34.61×	4.62×
EV / EBITDA	5.6×	3.28×	13.46×	41.49×	73.28×	-128.4×	-111.03×
Gross margin	28.9%	30.5%	88.0%	90.8%	34.1%	23.1%	33.0%
Operating margin	3.9%	81.4%	-29.1%	66.4%	87.9%	-31.5%	-13.5%
Net margin	55.1%	130.1%	140.7%	-73.5%	77.3%	155.5%	118.8%
Current ratio	1.59×	1.48×	1.08×	1.23×	0.46×	0.51×	1.38×
Debt / equity	0.48×	0.43×	0.61×	0.37×	1.57×	0.93×	1.56×
Interest coverage	0.74×	7.61×	-1.45×	0×	1.43×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.4%	21.4%	9.9%	-6.4%	14.1%	37.5%	37.4%
Return on invested capital	0.6%	7.8%	-0.9%	4.1%	5.8%	-3.4%	-1.5%
Return on assets	9.3%	12.3%	5.1%	-4.3%	4.6%	17.4%	12.8%
Free cash flow yield	-9.1%	0.1%	-4.3%	-5.9%	0.6%	-0.5%	-4.4%
Earnings yield	16.2%	23.9%	7.0%	-3.4%	2.0%	4.5%	25.7%
Enterprise value	€257.6M	€190M	€258.9M	€265M	€310.6M	€294.1M	€45.8M
Net debt / EBITDA	1.06×	0.61×	3.59×	5.6×	9.37×	-10.16×	-39.87×
Cash conversion cycle (days)	3	-86	3,578	-2,668	-988	-63	-344