Search companies

Find a company by ticker or name

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
+24.7%
€1,028.45
vs €825.00 price
Levered DCF
€1,068.68
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
2.9
Grey zone
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E17.49×9.72×10.74×10.96×12.61×12.4×13.93×15.08×
P/B5.52×3.71×3.3×3.46×3.68×3.07×3.84×0.82×
P/S4.4×2.87×2.42×2.69×2.84×2.2×2.68×2.53×
EV / EBITDA13.06×4.63×7.28×7.32×8×7.3×8.03×8.41×
Gross margin52.3%77.6%64.5%51.6%47.0%49.9%52.4%67.5%
Operating margin32.0%36.8%26.9%31.6%28.4%22.0%26.6%37.3%
Net margin25.2%29.5%22.5%24.5%22.5%17.7%19.2%16.8%
Current ratio7.17×5.82×5.99×6.52×4.49×4.6×5.31×5.95×
Debt / equity0×0×0×0×0×0×0×0×
Interest coverage0×17,688.62×0×0×0×0×0×0×
Dividend yield5.6%6.7%8.1%7.0%6.3%8.2%26.5%6.6%
Payout ratio97.5%65.4%86.5%76.3%79.8%101.6%369.5%100.1%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity31.5%38.1%30.8%31.6%29.2%24.8%27.6%5.4%
Return on invested capital5.6%8.1%5.8%6.5%5.6%4.5%5.5%7.1%
Return on assets5.8%8.3%6.3%6.6%5.8%4.8%5.6%4.4%
Free cash flow yield5.7%14.6%11.7%10.0%10.6%9.3%6.9%10.3%
Earnings yield5.7%10.3%9.3%9.1%7.9%8.1%7.2%6.6%
Enterprise value€87.9M€58M€45.3M€44.9M€43.6M€34M€43.8M€43.1M
Net debt / EBITDA-0.24×-0.13×-0.14×-0.24×-0.35×-0.38×-0.21×-0.22×
Cash conversion cycle (days)3-66-431-20-41813