Foris AG (FRS.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

-16.9%

€2.46

vs €2.96 price

Levered DCF

-€2.58

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

3.7

Safe zone

Rating

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	-124.21×	4.03×	10.35×	79.27×	-6.89×	-9.47×	14.38×	-5.41×
P/B	0.95×	0.65×	0.72×	0.85×	0.87×	0.83×	0.79×	0.81×
P/S	0.72×	0.39×	0.48×	0.55×	0.58×	0.77×	0.63×	0.67×
EV / EBITDA	522.72×	2.44×	7.19×	40.71×	-6.87×	-7.86×	6.34×	24.98×
Gross margin	3.1%	15.1%	16.3%	7.6%	1.6%	6.7%	13.4%	13.9%
Operating margin	-1.0%	10.8%	6.2%	1.2%	-6.4%	-2.2%	3.8%	0.2%
Net margin	-0.6%	9.8%	4.7%	0.7%	-8.6%	-8.3%	4.5%	-12.5%
Current ratio	4.13×	6.44×	2.57×	2.53×	3.03×	5.68×	7.34×	5.38×
Debt / equity	0.09×	0.04×	0.34×	0.35×	0.21×	0×	0×	0×
Interest coverage	-3.22×	13.03×	4,773.33×	0×	0×	0×	0×	2,963×
Dividend yield	4.2%	0.0%	0.0%	0.0%	0.0%	3.5%	0.0%	3.4%
Payout ratio	-522.9%	0.0%	0.0%	0.0%	0.0%	-32.8%	0.0%	-18.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.8%	16.1%	7.1%	1.1%	-12.7%	-9.0%	5.6%	-15.2%
Return on invested capital	-0.8%	16.9%	7.0%	1.4%	-7.8%	-2.4%	4.8%	0.3%
Return on assets	-0.6%	14.2%	4.9%	0.7%	-9.6%	-7.8%	5.1%	-13.4%
Free cash flow yield	-1.5%	59.4%	-17.6%	-18.4%	-20.7%	-12.1%	0.4%	18.8%
Earnings yield	-0.8%	24.8%	9.9%	1.3%	-14.7%	-10.7%	7.1%	-18.7%
Enterprise value	€16.2M	€8.3M	€14.4M	€13.1M	€10.9M	€9.4M	€8.2M	€7.8M
Net debt / EBITDA	-2×	-1.03×	1.67×	3.17×	0.76×	3.1×	-4.44×	-18.42×
Cash conversion cycle (days)	36	54	94	58	47	46	52	108