European Innovation Solutions S.A. (EIS.AT) 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

+124.6%

€3.98

vs €1.77 price

Levered DCF

€1.91

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

6.35

Safe zone

Rating

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	19.09×	8.79×	8.71×	5.37×	9.67×	4.62×	9.34×	-1.21×
P/B	4.12×	2.57×	3.53×	2.46×	13.41×	-14.71×	-2.1×	-1.46×
P/S	4.62×	3.19×	3.58×	1.84×	1.54×	0.87×	0.57×	0.88×
EV / EBITDA	13.86×	6.74×	6.58×	5.66×	9.54×	6.68×	8.33×	-3.65×
Gross margin	37.5%	46.4%	45.5%	43.4%	23.6%	28.7%	33.2%	-18.6%
Operating margin	27.3%	35.2%	52.4%	30.1%	8.5%	13.2%	7.7%	-66.7%
Net margin	24.2%	35.2%	40.5%	33.6%	16.0%	18.8%	6.1%	-71.3%
Current ratio	3.57×	3.72×	1.91×	2.12×	0.82×	0.54×	0.6×	0.5×
Debt / equity	0.14×	0.12×	0.2×	0.76×	6.52×	-15.88×	-4.18×	-2.76×
Interest coverage	25.42×	26.41×	0×	11.11×	2.97×	3.3×	1.54×	-7.43×
Dividend yield	1.9%	4.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	36.6%	44.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	21.6%	28.3%	40.0%	45.0%	138.8%	-318.4%	-22.5%	118.2%
Return on invested capital	11.8%	15.3%	28.6%	15.5%	5.1%	9.3%	4.3%	-41.7%
Return on assets	12.4%	17.2%	20.2%	15.5%	7.7%	10.9%	3.4%	-24.6%
Free cash flow yield	3.0%	-2.6%	9.0%	7.9%	2.4%	9.6%	-12.4%	-2.6%
Earnings yield	5.2%	11.0%	11.3%	18.3%	10.4%	21.6%	10.7%	-80.7%
Enterprise value	€28M	€18.8M	€18M	€10.6M	€9.9M	€7.5M	€6.3M	€5.8M
Net debt / EBITDA	-1.95×	0.1×	-0.07×	0.79×	3.08×	3.4×	5.4×	-2.26×
Cash conversion cycle (days)	180	182	150	143	137	-6	66	243