EgnsINVEST Ejendomme Tyskland A/S (EGNETY.CO) 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

+205.7%

DKK 434.16

vs DKK 142.00 price

Levered DCF

DKK 17.52

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.78

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	15.91×	5.97×	-1.41×	45.23×	4.88×	18.79×	8.16×	6.45×
P/B	0.63×	0.51×	0.51×	0.75×	0.81×	0.93×	0.92×	0.87×
P/S	6.51×	4.97×	4.87×	10.08×	11×	11.29×	10.69×	9.65×
EV / EBITDA	20.44×	27.18×	28.84×	37.66×	8.4×	27.87×	13.47×	10.95×
Gross margin	71.9%	71.5%	70.9%	70.8%	70.9%	69.3%	70.0%	66.7%
Operating margin	65.9%	65.8%	64.5%	64.3%	64.2%	62.9%	63.1%	59.5%
Net margin	40.9%	83.3%	-344.2%	22.3%	225.2%	60.0%	131.0%	149.7%
Current ratio	1,288.08×	0.29×	0.32×	0.3×	0.41×	0.68×	2.37×	3.04×
Debt / equity	1.19×	1.32×	1.44×	1.06×	0.96×	1.13×	1.19×	1.16×
Interest coverage	1.63×	1.42×	2.08×	4.01×	3.99×	3.64×	2.71×	2.57×
Dividend yield	0.0%	0.0%	0.8%	0.4%	0.4%	0.4%	0.4%	0.5%
Payout ratio	0.0%	0.0%	-1.2%	18.7%	1.9%	7.6%	3.5%	3.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.9%	8.5%	-35.9%	1.7%	16.5%	4.9%	11.3%	13.5%
Return on invested capital	2.2%	2.2%	2.2%	1.8%	1.8%	1.9%	1.9%	1.9%
Return on assets	1.7%	3.4%	-13.7%	0.7%	7.7%	2.1%	4.8%	5.8%
Free cash flow yield	3.1%	3.8%	6.7%	4.2%	4.1%	3.4%	3.3%	3.8%
Earnings yield	6.3%	16.7%	-70.7%	2.2%	20.5%	5.3%	12.3%	15.5%
Enterprise value	DKK 1.1B	DKK 1.1B	DKK 1.1B	DKK 1.4B	DKK 1.3B	DKK 1.3B	DKK 1.2B	DKK 1.1B
Net debt / EBITDA	13.26×	19.61×	21.29×	21.96×	4.55×	15.3×	7.54×	6.2×
Cash conversion cycle (days)	-28	-66	-65	-69	-116	-129	-77	-28,403