Erria A/S (ERRIA.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

+340.1%

DKK 19.80

vs DKK 4.50 price

Levered DCF

DKK 43.95

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.91

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	6.06×	5.21×	9.7×	5.87×	27.27×	-39.57×	-10.93×	-2.42×
P/B	2.08×	2.4×	5.21×	14.23×	-2.36×	-2.04×	-1.22×	-3.31×
P/S	0.22×	0.19×	0.2×	0.35×	0.47×	0.49×	0.26×	0.56×
EV / EBITDA	4.05×	2.75×	4.77×	4.14×	23.17×	168.53×	-51.66×	-6.8×
Gross margin	13.9%	34.7%	32.2%	18.5%	49.8%	45.1%	41.9%	21.0%
Operating margin	4.8%	4.8%	3.7%	6.8%	2.1%	-2.3%	0.0%	-6.5%
Net margin	3.7%	3.7%	2.1%	5.9%	1.7%	-1.2%	-2.3%	-23.0%
Current ratio	1.16×	1.22×	1.04×	1.05×	0.75×	0.59×	0.63×	0.66×
Debt / equity	0.74×	0.89×	1.53×	4.74×	-1.6×	-1.35×	-1.51×	-1.52×
Interest coverage	10.77×	10.25×	5×	9.52×	3.47×	-3.19×	0×	-3.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	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	34.2%	46.2%	54.3%	242.4%	-8.5%	5.1%	10.9%	136.4%
Return on invested capital	20.7%	21.8%	28.7%	40.2%	17.1%	-26.0%	0.4%	-74.1%
Return on assets	10.1%	9.9%	6.3%	13.5%	3.8%	-4.1%	-7.1%	-85.7%
Free cash flow yield	16.6%	-2.5%	6.4%	20.2%	0.0%	0.0%	1.1%	-36.0%
Earnings yield	16.4%	19.2%	10.4%	17.0%	3.6%	-2.5%	-8.9%	-41.2%
Enterprise value	DKK 48.2M	DKK 29.8M	DKK 38.5M	DKK 56.4M	DKK 41.4M	DKK 43.1M	DKK 32M	DKK 66.8M
Net debt / EBITDA	-0.02×	-0.69×	-0.28×	0.11×	7.64×	61.67×	-27.17×	-2.04×
Cash conversion cycle (days)	35	25	23	16	10	-13	15	42