EuKedos S.p.A. (EUK.MI) 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

+947.7%

€5.03

vs €0.48 price

Levered DCF

-€4.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.29

Distress zone

Rating

B-

Overall 2 / 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	-21.43×	-35.22×	38.2×	63.85×	71.51×	-13.27×	38.78×	20.04×
P/B	0.55×	0.62×	0.71×	0.96×	1.42×	0.9×	0.77×	0.69×
P/S	0.31×	0.36×	0.43×	0.6×	0.9×	0.54×	0.43×	0.39×
EV / EBITDA	14.02×	9.25×	10.05×	12.52×	13.28×	16.48×	11.94×	9.25×
Gross margin	23.4%	94.7%	27.8%	68.1%	73.0%	71.9%	74.5%	72.9%
Operating margin	8.7%	9.8%	10.5%	8.2%	10.0%	2.8%	8.1%	4.2%
Net margin	-1.5%	-1.0%	1.1%	0.9%	1.3%	-4.1%	1.1%	2.0%
Current ratio	0.21×	0.38×	0.42×	0.66×	0.83×	0.41×	0.6×	0.76×
Debt / equity	4.41×	3.32×	3.54×	3.79×	3.78×	3.64×	3.49×	0.54×
Interest coverage	0.81×	1.05×	1.3×	1.14×	1.41×	0.43×	1.41×	4.57×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	3.9%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-52.1%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.6%	-1.8%	1.9%	1.5%	2.0%	-6.8%	2.0%	3.5%
Return on invested capital	2.8%	-4.1%	1.7%	1.2%	1.4%	1.0%	1.2%	2.7%
Return on assets	-0.4%	-0.3%	0.4%	0.3%	0.4%	-1.3%	0.4%	1.7%
Free cash flow yield	2.7%	-71.3%	16.9%	3.6%	13.0%	5.0%	14.6%	13.0%
Earnings yield	-4.7%	-2.8%	2.6%	1.6%	1.4%	-7.5%	2.6%	5.0%
Enterprise value	€143.9M	€113.5M	€124.7M	€136.1M	€142.4M	€125.7M	€125.6M	€32.7M
Net debt / EBITDA	12.46×	7.75×	8.34×	9.92×	9.47×	13.14×	9.73×	3.44×
Cash conversion cycle (days)	-23	-822	-29	-104	-132	-146	-189	-158