ERWE Immobilien AG (ERWE.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

-39.2%

€0.14

vs €0.23 price

Levered DCF

-€0.00

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

-1.22

Distress zone

Rating

—

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	-6.53×	-2.6×	-0.33×	-0.8×	-5.41×	272.34×	6.64×	6.56×
P/B	3.28×	0×	1.92×	1.21×	0.98×	1.28×	1×	0.63×
P/S	47.61×	15.21×	0.66×	2.94×	6.31×	10.45×	15.75×	7.8×
EV / EBITDA	-10.52×	0×	-20.9×	-5.63×	-84.97×	-40.31×	10.4×	7.19×
Gross margin	100.0%	100.0%	68.4%	64.7%	56.5%	53.2%	39.4%	31.0%
Operating margin	-454.5%	-660.3%	-4.2%	-16.2%	-32.7%	-77.7%	-72.6%	1.2%
Net margin	-729.3%	-597.1%	-199.5%	-366.8%	-115.5%	3.8%	238.6%	120.3%
Current ratio	0.6×	0×	0.04×	0.1×	0.3×	0.13×	1.38×	1×
Debt / equity	0×	0×	56.35×	7.46×	2.94×	2.51×	1.58×	1.26×
Interest coverage	-2.03×	-2.22×	-0.04×	-0.23×	-0.4×	0×	-0.76×	0.02×
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	-50.3%	0.0%	-577.7%	-151.0%	-18.0%	0.5%	15.1%	9.6%
Return on invested capital	-21.6%	0.0%	-0.2%	-0.6%	-1.1%	0.1%	-1.6%	0.0%
Return on assets	-10.2%	0.0%	-9.4%	-16.9%	-4.2%	0.1%	5.1%	3.5%
Free cash flow yield	0.0%	0.0%	17.2%	-2.4%	-7.9%	-13.9%	-11.6%	-5.2%
Earnings yield	-15.3%	-39.3%	-301.3%	-124.6%	-18.3%	0.4%	15.1%	15.4%
Enterprise value	€13.1M	€0	€204M	€202.8M	€191.8M	€200.2M	€121.9M	€68.2M
Net debt / EBITDA	0.02×	0×	-20.21×	-4.83×	-62.71×	-26.2×	5.74×	4.13×
Cash conversion cycle (days)	8,046	0	-38	255	49	-202	136	-371