Ekter S.a. (EKTER.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

-53.5%

€2.14

vs €4.60 price

Levered DCF

€17.66

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.96

Safe zone

Rating

A+

Overall 5 / 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	9.17×	9.37×	2.74×	15.1×	7.2×	-13.21×	-4.29×	25.42×
P/B	1.82×	2.17×	0.92×	0.46×	0.36×	0.29×	0.37×	0.67×
P/S	1.06×	1.11×	0.31×	0.37×	0.32×	0.33×	0.34×	0.59×
EV / EBITDA	5.7×	7.01×	0.99×	4.6×	3.96×	-178.98×	-4.28×	3.96×
Gross margin	21.9%	17.9%	15.8%	12.6%	12.9%	6.7%	-6.6%	13.5%
Operating margin	16.5%	14.9%	13.0%	4.1%	8.8%	-2.7%	-13.7%	7.3%
Net margin	11.9%	12.0%	11.4%	2.5%	4.4%	-2.5%	-8.0%	2.3%
Current ratio	2.08×	1.61×	1.7×	2.01×	3.87×	3.36×	2.15×	2.07×
Debt / equity	0.23×	0.34×	0.1×	0.33×	0.18×	0.21×	0.14×	0×
Interest coverage	10.98×	10.72×	33.85×	5.18×	14.48×	-1.87×	-23.52×	5.03×
Dividend yield	1.7%	2.8%	3.7%	5.2%	0.0%	0.0%	6.6%	0.0%
Payout ratio	15.3%	26.4%	10.0%	79.1%	0.0%	0.0%	-27.7%	1.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	20.5%	23.4%	33.5%	3.0%	5.0%	-2.2%	-8.9%	2.6%
Return on invested capital	16.1%	16.5%	26.8%	2.4%	4.8%	-1.7%	-10.3%	2.4%
Return on assets	11.5%	11.3%	17.6%	1.6%	3.8%	-1.5%	-6.7%	1.8%
Free cash flow yield	6.8%	-1.2%	51.1%	52.6%	8.3%	-3.0%	-119.4%	16.5%
Earnings yield	11.3%	10.8%	36.5%	6.6%	13.9%	-7.6%	-23.9%	3.9%
Enterprise value	€101.9M	€100.7M	€12.1M	€6.1M	€7.9M	€7M	€8.8M	€6.7M
Net debt / EBITDA	0.03×	0.35×	-1.01×	-1.9×	0.61×	-50.23×	-1×	-4.06×
Cash conversion cycle (days)	105	95	18	107	168	211	203	144