DistIT AB (publ) (DIST.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

-130.5%

-SEK 0.05

vs SEK 0.16 price

Levered DCF

-SEK 0.65

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.18

Distress zone

Rating

B-

Overall 2 / 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	-0.29×	-1.56×	-0.33×	-36.08×	40.86×	12.57×	-188.64×	11.41×
P/B	0.32×	0.33×	0.61×	1.05×	2.96×	1.6×	1.56×	1.26×
P/S	0.06×	0.04×	0.07×	0.23×	0.7×	0.3×	0.27×	0.2×
EV / EBITDA	-2.58×	-5.07×	-1.44×	20.8×	21.31×	7.75×	18.95×	8.29×
Gross margin	-18.6%	20.5%	17.8%	20.9%	22.1%	21.7%	22.6%	22.3%
Operating margin	-15.1%	-6.2%	-16.8%	0.7%	3.0%	3.7%	3.0%	3.2%
Net margin	-10.8%	-2.5%	-19.8%	-0.6%	1.7%	2.4%	-0.1%	1.8%
Current ratio	2×	1.03×	1.85×	1.83×	1.86×	1.97×	2×	1.57×
Debt / equity	1.11×	1.72×	1.7×	0.72×	0.7×	0.48×	0.62×	1.13×
Interest coverage	-6.99×	-2.49×	-8.36×	0.48×	3.27×	5.35×	4.43×	4.76×
Dividend yield	0.0%	0.0%	20.1%	4.7%	1.4%	0.0%	2.0%	0.0%
Payout ratio	0.0%	0.0%	-6.7%	-169.8%	56.5%	0.0%	-379.2%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-55.7%	-20.9%	-181.4%	-2.9%	7.3%	12.7%	-0.8%	11.0%
Return on invested capital	-34.6%	-18.1%	-47.0%	1.5%	4.9%	10.9%	-8.7%	8.6%
Return on assets	-16.9%	-4.1%	-35.4%	-1.0%	2.5%	4.9%	-0.3%	3.0%
Free cash flow yield	-150.8%	62.6%	-1.7%	4.7%	-6.5%	10.0%	-4.5%	14.4%
Earnings yield	-172.5%	-64.1%	-298.9%	-2.8%	2.5%	7.9%	-0.5%	8.8%
Enterprise value	SEK 179.3M	SEK 338M	SEK 501.9M	SEK 957.8M	SEK 2.2B	SEK 865.9M	SEK 853.3M	SEK 691.4M
Net debt / EBITDA	-1.77×	-4.15×	-1.04×	7.87×	3.77×	1.43×	5.22×	2.8×
Cash conversion cycle (days)	102	100	106	108	116	92	96	81