Drillcon AB (publ) (DRIL.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

-60.3%

SEK 1.53

vs SEK 3.86 price

Levered DCF

SEK 10.40

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.76

Distress zone

Rating

Overall 3 / 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	3,710×	9.89×	13.4×	65.03×	-54.4×	22.93×	7.4×	12.28×
P/B	0.97×	1.15×	1.7×	1.62×	2.59×	1.72×	1.65×	1.9×
P/S	0.42×	0.48×	0.59×	0.57×	0.97×	0.99×	0.7×	0.71×
EV / EBITDA	6.08×	3.99×	4.8×	8.45×	19.07×	6.35×	3.69×	5.25×
Gross margin	86.2%	6.1%	87.1%	85.2%	87.3%	90.5%	90.4%	88.9%
Operating margin	2.0%	6.5%	7.3%	0.8%	-2.5%	5.0%	12.4%	8.3%
Net margin	0.0%	4.8%	4.4%	0.9%	-1.8%	4.3%	9.4%	5.8%
Current ratio	1.45×	1.71×	1.83×	1.44×	1.3×	1.98×	1.66×	1.42×
Debt / equity	0.72×	0.54×	0.51×	0.76×	0.54×	0.16×	0.24×	0.46×
Interest coverage	0.68×	5.21×	2.97×	0.91×	-5.5×	7.69×	19.91×	16.8×
Dividend yield	6.7%	5.6%	0.0%	0.0%	8.6%	0.0%	5.7%	5.4%
Payout ratio	25930.2%	55.7%	0.0%	0.0%	-454.3%	0.0%	42.3%	65.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.0%	11.6%	12.7%	2.5%	-4.9%	7.5%	22.2%	15.5%
Return on invested capital	0.5%	7.6%	9.7%	1.2%	-3.6%	6.7%	16.4%	9.9%
Return on assets	0.0%	5.5%	6.0%	1.0%	-2.1%	4.6%	12.0%	7.0%
Free cash flow yield	-23.5%	2.5%	23.6%	-9.7%	-15.6%	7.6%	12.7%	2.6%
Earnings yield	0.0%	10.1%	7.5%	1.5%	-1.9%	4.4%	13.5%	8.2%
Enterprise value	SEK 250.2M	SEK 239.7M	SEK 308M	SEK 327.9M	SEK 429.1M	SEK 286.8M	SEK 281.4M	SEK 302M
Net debt / EBITDA	2.06×	0.69×	0.42×	2.36×	2.9×	-0.44×	0.1×	0.49×
Cash conversion cycle (days)	368	114	339	278	139	245	129	24