Deutsche Rohstoff AG (DR0.DE) 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

-285.5%

-€157.86

vs €85.10 price

Levered DCF

-€58.03

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.74

Distress zone

Rating

A-

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	8.13×	3.13×	2.49×	2.14×	4.05×	-2.62×	400×	4.99×
P/B	1.11×	0.68×	0.9×	1.01×	1.38×	1.07×	1.16×	1.05×
P/S	1.2×	0.66×	0.83×	0.79×	1.37×	1.09×	1.8×	0.63×
EV / EBITDA	3×	1.88×	1.56×	1.45×	3.23×	10.12×	6.34×	1.28×
Gross margin	38.8%	38.8%	50.3%	56.3%	33.9%	-11.3%	33.2%	30.5%
Operating margin	31.1%	35.1%	42.1%	48.0%	44.5%	-41.8%	-25.6%	-36.8%
Net margin	14.8%	21.2%	33.1%	36.7%	33.8%	-41.6%	0.5%	12.7%
Current ratio	2.36×	1.62×	1.13×	2.2×	1.6×	1.29×	2.94×	3.27×
Debt / equity	1.02×	0.76×	0.89×	0.85×	1.61×	3.26×	2.16×	1.42×
Interest coverage	3.92×	5.95×	10.06×	11.54×	5.19×	-2.28×	-1.42×	-5.68×
Dividend yield	4.1%	5.6%	4.0%	2.0%	0.0%	1.8%	5.3%	4.6%
Payout ratio	33.5%	17.4%	10.0%	4.4%	0.0%	-4.6%	2119.0%	23.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.7%	21.7%	36.1%	47.1%	34.1%	-40.8%	0.3%	21.1%
Return on invested capital	8.6%	11.1%	14.5%	19.1%	13.6%	-5.9%	-3.0%	-12.5%
Return on assets	5.0%	9.1%	13.2%	17.3%	9.4%	-7.8%	0.1%	6.2%
Free cash flow yield	9.4%	-26.5%	-36.6%	41.3%	-1.0%	-54.3%	-19.9%	3.6%
Earnings yield	12.3%	32.0%	40.1%	46.7%	24.7%	-38.2%	0.3%	20.0%
Enterprise value	€399.4M	€317M	€248M	€192.5M	€205.3M	€162.3M	€152.1M	€116.9M
Net debt / EBITDA	1.24×	0.95×	0.54×	0.47×	1.64×	7.49×	3.24×	0.52×
Cash conversion cycle (days)	-31	28	-39	7	-66	10	-137	13