Econocom Group SE (ECONB.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

+903.9%

€14.56

vs €1.45 price

Levered DCF

€54.88

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.67

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	51.89×	8.45×	7.28×	8.14×	10.74×	11.27×	12.15×	19.4×
P/B	0.63×	0.75×	1.12×	1.32×	1.83×	1.32×	1.35×	1.89×
P/S	0.09×	0.12×	0.18×	0.2×	0.29×	0.21×	0.19×	0.25×
EV / EBITDA	3.29×	4.14×	5.49×	6.23×	5.49×	4.66×	5.67×	7.73×
Gross margin	7.3%	14.3%	7.6%	8.6%	8.3%	7.9%	8.2%	11.2%
Operating margin	3.8%	4.0%	4.1%	3.3%	5.2%	4.3%	4.0%	3.9%
Net margin	0.2%	1.4%	2.4%	2.5%	2.8%	1.9%	1.5%	1.3%
Current ratio	1.2×	1.08×	1.12×	1.06×	1.07×	1.1×	1.15×	1.13×
Debt / equity	1.68×	1.42×	1.38×	1.82×	1.65×	1.95×	2.45×	2.42×
Interest coverage	3.31×	3.4×	4.61×	3.19×	4.13×	2.95×	3.14×	3.61×
Dividend yield	5.9%	8.6%	6.1%	4.9%	3.4%	4.8%	5.0%	3.8%
Payout ratio	313.5%	72.2%	44.6%	39.0%	36.4%	54.9%	61.5%	72.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.2%	8.9%	15.3%	16.4%	17.2%	11.5%	10.9%	9.9%
Return on invested capital	5.5%	5.4%	6.6%	4.6%	7.6%	5.8%	5.5%	6.0%
Return on assets	0.2%	1.6%	2.8%	2.6%	2.8%	1.8%	1.5%	1.3%
Free cash flow yield	59.2%	27.2%	1.5%	18.2%	2.9%	36.1%	15.8%	10.3%
Earnings yield	1.9%	11.9%	13.7%	12.4%	9.4%	8.7%	8.1%	5.3%
Enterprise value	€492M	€591M	€806.6M	€819.2M	€919.9M	€678.7M	€966.7M	€1.1B
Net debt / EBITDA	1.45×	1.91×	2.33×	2.33×	1.33×	0.97×	2.42×	2.46×
Cash conversion cycle (days)	-12	19	28	25	17	21	44	43