Fourlis Holdings S.A. (FOYRK.AT) 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

+1612.4%

€66.87

vs €3.91 price

Levered DCF

€16.06

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.86

Distress zone

Rating

B+

Overall 3 / 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	7.22×	9.51×	10.53×	8.33×	16.74×	-23.53×	25.17×	14.64×
P/B	1×	0.95×	1.11×	0.87×	1.1×	1.22×	1.67×	1.22×
P/S	0.37×	0.35×	0.38×	0.32×	0.44×	0.56×	0.65×	0.47×
EV / EBITDA	10.42×	8.89×	6.35×	6.72×	8.03×	10.06×	8.12×	6.97×
Gross margin	38.6%	46.9%	45.4%	45.0%	42.7%	41.3%	43.4%	43.0%
Operating margin	3.2%	1.8%	10.4%	6.7%	6.1%	1.8%	7.7%	6.7%
Net margin	5.1%	3.8%	3.6%	3.8%	2.6%	-2.3%	2.6%	3.2%
Current ratio	0.92×	1.49×	1.34×	1.51×	1.47×	1.92×	2.16×	1.14×
Debt / equity	2.52×	1.83×	1.38×	1.58×	2×	1.99×	1.37×	0.78×
Interest coverage	0.84×	0.45×	2.7×	2.16×	1.94×	0.38×	2.1×	2.59×
Dividend yield	3.5%	5.0%	3.1%	3.7%	0.0%	0.0%	1.7%	0.0%
Payout ratio	25.1%	46.7%	33.4%	31.3%	0.0%	0.0%	43.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.8%	10.1%	10.4%	10.4%	6.5%	-5.1%	6.6%	8.2%
Return on invested capital	1.9%	1.1%	9.2%	6.6%	4.7%	1.0%	5.1%	7.3%
Return on assets	3.3%	1.9%	2.1%	2.5%	1.7%	-1.4%	2.2%	3.4%
Free cash flow yield	4.3%	21.1%	15.4%	9.1%	6.8%	15.0%	4.5%	10.4%
Earnings yield	13.9%	10.6%	9.4%	11.9%	5.9%	-4.2%	4.0%	6.7%
Enterprise value	€726.1M	€502.1M	€418.2M	€394.3M	€446.8M	€425.8M	€506.6M	€307.4M
Net debt / EBITDA	7.29×	5.56×	3.24×	3.98×	4.52×	5.2×	3.29×	2.15×
Cash conversion cycle (days)	15	-24	33	47	33	54	58	25