FoodHub Spolka Akcyjna (FHB.WA) 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

-680.4%

-PLN 13.00

vs PLN 2.24 price

Levered DCF

-PLN 8.89

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.19

Distress zone

Rating

C-

Overall 1 / 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	-1.64×	-12.94×	9.61×	3.84×	7.09×	5.41×	-5.25×	53.23×
P/B	0.68×	0.44×	0.59×	0.86×	0.74×	0.49×	0.38×	0.36×
P/S	0.1×	0.08×	0.1×	0.11×	0.11×	0.07×	0.07×	0.07×
EV / EBITDA	95.37×	11.71×	6.6×	4.04×	6.25×	4.98×	8.86×	6×
Gross margin	18.6%	19.1%	19.1%	21.4%	19.9%	21.0%	18.9%	19.4%
Operating margin	-3.1%	0.1%	2.8%	5.6%	2.9%	2.7%	0.1%	1.1%
Net margin	-6.1%	-0.6%	1.1%	3.0%	1.6%	1.4%	-1.2%	0.1%
Current ratio	0.62×	0.81×	1.06×	1.04×	0.89×	0.93×	0.88×	1.16×
Debt / equity	1.75×	1.48×	1.38×	1.36×	1.4×	1.22×	1.14×	0.95×
Interest coverage	-1.1×	0.02×	1.34×	3.9×	3.71×	3.84×	0.06×	1.26×
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	-41.5%	-3.4%	6.1%	22.6%	10.6%	8.9%	-7.0%	0.7%
Return on invested capital	-7.0%	0.1%	6.2%	13.7%	6.2%	6.4%	0.1%	2.3%
Return on assets	-8.5%	-0.8%	1.7%	5.8%	2.6%	2.5%	-1.9%	0.2%
Free cash flow yield	-7.8%	25.6%	8.3%	-2.8%	-41.3%	-14.3%	-19.0%	61.7%
Earnings yield	-61.2%	-7.7%	10.3%	26.1%	14.3%	18.4%	-18.7%	1.9%
Enterprise value	PLN 309M	PLN 301.6M	PLN 312.8M	PLN 313.4M	PLN 240.2M	PLN 165.3M	PLN 130.1M	PLN 112.6M
Net debt / EBITDA	68.21×	8.95×	4.41×	2.38×	4.01×	3.45×	6.38×	4.02×
Cash conversion cycle (days)	12	7	35	39	32	43	33	34