Edel SE & Co. KGaA (EDL.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

+34.4%

€6.29

vs €4.68 price

Levered DCF

€0.00

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

2.53

Grey zone

Rating

B+

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	7.19×	8.54×	7.19×	6.85×	15.03×	13.5×	21.68×	20.19×
P/B	1.53×	1.77×	1.79×	1.83×	2.77×	1.09×	1.14×	2.11×
P/S	0.34×	0.37×	0.31×	0.28×	0.39×	0.16×	0.17×	0.32×
EV / EBITDA	4.51×	4.7×	4.04×	3.94×	5.28×	4.31×	5.58×	7.36×
Gross margin	76.8%	77.1%	47.8%	47.8%	49.6%	46.9%	47.3%	49.3%
Operating margin	8.6%	7.8%	5.8%	6.7%	6.2%	3.4%	2.8%	4.1%
Net margin	4.8%	4.3%	4.3%	4.2%	2.6%	1.2%	0.8%	1.6%
Current ratio	1.42×	1.47×	1.88×	1.73×	2.2×	1.5×	1.26×	1.78×
Debt / equity	1.31×	1.34×	1.15×	1.36×	1.21×	1.78×	1.95×	2.01×
Interest coverage	6.34×	6.02×	6.69×	12.41×	8.87×	3.69×	2.76×	4.53×
Dividend yield	7.3%	7.6%	7.7%	5.4%	2.2%	6.2%	6.0%	4.6%
Payout ratio	52.4%	65.0%	55.3%	36.7%	32.6%	84.6%	129.0%	93.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	21.4%	20.6%	24.9%	26.9%	18.4%	7.9%	5.3%	10.5%
Return on invested capital	8.0%	7.5%	6.5%	7.5%	6.1%	2.6%	2.5%	4.4%
Return on assets	5.8%	5.4%	6.3%	5.9%	4.1%	1.6%	1.0%	2.1%
Free cash flow yield	5.1%	-8.1%	14.7%	-5.1%	10.6%	44.2%	32.3%	-5.1%
Earnings yield	14.0%	11.7%	13.9%	14.7%	6.6%	7.3%	4.6%	5.0%
Enterprise value	€159M	€154.4M	€127M	€121.5M	€133.6M	€76M	€88M	€124M
Net debt / EBITDA	1.91×	1.82×	1.26×	1.39×	1.36×	2.34×	3.29×	3.34×
Cash conversion cycle (days)	7	-5	32	45	41	27	38	49