Immobiliere Distri-Land N.V. (DISL.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

+10302.3%

€22,260.95

vs €214.00 price

Levered DCF

€1,349.68

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.2

Distress zone

Rating

—

Ratios by fiscal year

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

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
P/E	30.19×	25.57×	23.64×	32.24×	21.83×	24.9×	27.78×	32.61×
P/B	0.61×	0.61×	0.55×	0.71×	0.45×	0.59×	0.62×	0.69×
P/S	0.16×	0.16×	0.16×	0.22×	0.14×	0.17×	0.18×	0.2×
EV / EBITDA	-1.08×	-1.16×	0.37×	0.53×	0.51×	3.25×	0.4×	0.45×
Gross margin	80.0%	77.4%	82.4%	82.1%	82.2%	100.0%	100.0%	100.0%
Operating margin	80.4%	77.9%	82.8%	83.6%	82.3%	84.7%	-85.9%	86.4%
Net margin	0.5%	0.6%	0.7%	0.7%	0.6%	0.7%	0.6%	0.6%
Current ratio	1.06×	1.18×	1.18×	1.16×	1.27×	-1.26×	1.23×	1.23×
Debt / equity	0×	0×	4.45×	4.55×	4.65×	4.75×	4.87×	4.98×
Interest coverage	1.01×	1.01×	1.02×	1.02×	1.04×	1.01×	-1×	1.02×
Dividend yield	6.5%	6.4%	6.9%	4.8%	8.8%	6.9%	6.4%	5.6%
Payout ratio	197.1%	164.8%	162.5%	154.7%	192.9%	172.9%	176.5%	184.1%

Key metrics by fiscal year

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Return on equity	2.0%	2.4%	2.3%	2.2%	2.0%	2.4%	2.2%	2.1%
Return on invested capital	35.5%	40.6%	39.3%	36.8%	34.6%	-100.2%	-35.0%	34.2%
Return on assets	0.2%	0.3%	0.3%	0.2%	0.2%	0.3%	0.2%	0.2%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	3.3%	3.9%	4.2%	3.1%	4.6%	4.0%	3.6%	3.1%
Enterprise value	-€1.4M	-€1.4M	€437.1K	€573.9K	€505.9K	€3.6M	€446.8K	€488.7K
Net debt / EBITDA	-1.28×	-1.37×	0.18×	0.27×	0.34×	3.05×	0.19×	0.22×
Cash conversion cycle (days)	-243	-154	-159	-130	-255	31	0	0