Diös Fastigheter AB (publ) (DIOS.ST) 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

+170.2%

SEK 154.84

vs SEK 57.30 price

Levered DCF

SEK 77.02

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.39

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	FY2018
P/E	11.52×	16.2×	-14.41×	12.85×	6.94×	11.28×	11.09×	5.68×
P/B	0.76×	0.96×	1.12×	0.88×	1.36×	1.13×	1.37×	0.98×
P/S	3.49×	4.43×	4.89×	4.83×	8.15×	5.53×	6.22×	4.2×
EV / EBITDA	14.78×	16.73×	18×	20.72×	9.76×	17.93×	16.54×	10.77×
Gross margin	68.7%	68.4%	68.3%	66.5%	65.5%	64.6%	64.0%	63.0%
Operating margin	65.3%	65.7%	68.3%	66.5%	65.7%	65.5%	64.0%	63.0%
Net margin	30.4%	27.3%	-33.9%	37.6%	117.5%	49.1%	56.1%	73.9%
Current ratio	0.18×	0.16×	0.05×	0.08×	0.22×	0.08×	0.03×	0.06×
Debt / equity	1.44×	1.47×	1.57×	1.35×	1.26×	1.47×	1.47×	1.45×
Interest coverage	2.3×	2.31×	2.1×	5.38×	8.01×	7.17×	8.07×	7.26×
Dividend yield	2.5%	0.6%	2.8%	3.5%	2.8%	2.1%	3.5%	5.1%
Payout ratio	29.0%	10.3%	-39.6%	44.7%	19.2%	24.2%	38.8%	29.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.6%	5.9%	-7.7%	6.9%	19.6%	10.1%	12.4%	17.2%
Return on invested capital	4.2%	4.1%	5.0%	3.8%	3.6%	4.0%	4.3%	4.7%
Return on assets	2.4%	2.1%	-2.7%	2.6%	7.8%	3.7%	4.5%	6.4%
Free cash flow yield	9.6%	6.7%	8.0%	11.0%	6.3%	6.9%	-1.0%	3.2%
Earnings yield	8.7%	6.2%	-6.9%	7.8%	14.4%	8.9%	9.0%	17.6%
Enterprise value	SEK 26.5B	SEK 27.9B	SEK 29.3B	SEK 26.9B	SEK 29.7B	SEK 23.7B	SEK 24B	SEK 18.9B
Net debt / EBITDA	9.59×	10.01×	10.48×	12.5×	4.5×	10.14×	8.59×	6.43×
Cash conversion cycle (days)	25	14	-33	39	9	206	132	-22,941