Search companies

Find a company by ticker or name

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
-154.2%
-€9.49
vs €17.50 price
Levered DCF
-€9.42
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
4.49
Safe zone
Rating
B-
Overall 2 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-351.29×31.85×16.13×193.08×-69.65×-41.16×-59.62×-162,028.73×
P/B1.53×2.17×2.64×3.8×8.21×3.86×2.78×4.6×
P/S1.49×2.09×2.87×4.62×6.39×3.97×1.91×1.36×
EV / EBITDA9.3×12.21×19.71×40.01×-489.8×-192.53×52.09×37.41×
Gross margin38.7%41.0%38.4%36.8%35.2%33.7%34.4%34.2%
Operating margin8.3%9.9%7.8%4.2%-8.5%-7.8%-2.2%2.1%
Net margin-0.4%6.5%17.8%2.4%-9.1%-9.7%-3.3%-0.0%
Current ratio3.37×3.46×3.61×4.25×2.8×3.11×2.33×1.5×
Debt / equity0.12×0.13×0.13×0.14×0.19×0.23×0.36×0.49×
Interest coverage11.99×16.32×11.45×5.91×-13.36×-9.33×-1.71×1.8×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-0.4%6.7%16.5%2.0%-11.7%-9.5%-4.8%-0.0%
Return on invested capital-1.8%6.0%6.0%1.9%-7.7%-5.6%-2.0%-0.0%
Return on assets-0.3%4.8%12.0%1.4%-6.7%-6.0%-2.6%-0.0%
Free cash flow yield-4.1%1.7%-0.8%-2.5%-0.7%-2.3%-4.4%-0.4%
Earnings yield-0.3%3.1%6.2%0.5%-1.4%-2.5%-1.7%-0.0%
Enterprise value€182.8M€259.9M€295.4M€343.3M€395.6M€192.5M€105.4M€92.7M
Net debt / EBITDA-1.54×-1.99×-2.9×-5.85×18.74×19.02×-3.14×3.6×
Cash conversion cycle (days)21115715619516217412585