Forvia SE (FRVIA.PA) 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

+1263.5%

€116.60

vs €8.55 price

Levered DCF

€245.16

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.78

Distress zone

Rating

C+

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	-1.28×	-9.23×	18.14×	-6.42×	-72.9×	-15.19×	11.16×	6.47×
P/B	1.43×	0.4×	0.9×	0.54×	1.68×	1.7×	1.59×	1.22×
P/S	0.13×	0.06×	0.15×	0.1×	0.37×	0.39×	0.37×	0.26×
EV / EBITDA	3.89×	3.53×	3.61×	4.83×	5.13×	6.89×	4.26×	2.58×
Gross margin	14.0%	13.4%	12.7%	12.7%	12.1%	10.1%	14.0%	13.0%
Operating margin	5.1%	4.5%	4.6%	3.5%	4.9%	2.1%	6.9%	7.3%
Net margin	-9.8%	-0.7%	0.8%	-1.5%	-0.5%	-2.6%	3.3%	4.0%
Current ratio	0.95×	0.99×	0.98×	0.99×	1.17×	0.99×	0.92×	0.92×
Debt / equity	5.3×	2.59×	2.5×	2.66×	2.44×	1.83×	1.17×	0.7×
Interest coverage	2.07×	1.94×	2.13×	2.38×	2.98×	1.43×	5.43×	10.25×
Dividend yield	0.0%	5.7%	0.0%	0.0%	2.3%	0.0%	2.6%	3.3%
Payout ratio	0.0%	-53.0%	0.0%	0.0%	-171.1%	0.0%	28.9%	21.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-111.0%	-4.3%	4.9%	-8.4%	-2.3%	-11.2%	14.3%	18.9%
Return on invested capital	6.6%	-0.8%	4.2%	4.6%	3.0%	3.0%	9.9%	16.0%
Return on assets	-7.9%	-0.6%	0.7%	-1.2%	-0.4%	-2.0%	3.4%	5.2%
Free cash flow yield	73.6%	36.3%	10.7%	13.1%	3.3%	0.1%	6.3%	8.3%
Earnings yield	-77.9%	-10.8%	5.5%	-15.6%	-1.4%	-6.6%	9.0%	15.5%
Enterprise value	€8.8B	€8.3B	€11.1B	€10.4B	€9.2B	€8.9B	€9.1B	€5B
Net debt / EBITDA	2.69×	2.81×	2.29×	3.69×	1.93×	2.42×	1.18×	0.25×
Cash conversion cycle (days)	-30	-34	-25	-12	-31	-28	-25	-24