GEA Group AG (G1A.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

-9.2%

€61.73

vs €68.00 price

Levered DCF

€52.46

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.39

Safe zone

Rating

A-

Overall 4 / 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	22.76×	20.79×	16.53×	16.75×	28.29×	54.22×	-28.62×	35.71×
P/B	3.84×	3.31×	2.71×	2.95×	4.17×	2.75×	2.55×	1.66×
P/S	1.72×	1.48×	1.21×	1.3×	1.84×	1.14×	1.09×	0.84×
EV / EBITDA	11.21×	10.77×	8.63×	9.75×	14.48×	12.47×	14.66×	10.8×
Gross margin	37.3%	35.7%	33.9%	33.2%	33.1%	30.6%	28.7%	29.1%
Operating margin	11.6%	10.9%	9.4%	9.0%	8.1%	6.2%	-1.8%	5.4%
Net margin	7.5%	7.1%	7.3%	7.8%	6.5%	2.1%	-3.8%	2.3%
Current ratio	1.06×	1.06×	1.15×	1.13×	1.24×	1.31×	1.27×	1.38×
Debt / equity	0.1×	0.12×	0.11×	0.16×	0.21×	0.3×	0.24×	0.13×
Interest coverage	27.3×	22.99×	13.26×	18.82×	12.99×	9.99×	-2.69×	7.79×
Dividend yield	2.0%	2.1%	2.5%	2.4%	1.8%	2.9%	2.9%	3.8%
Payout ratio	45.2%	43.8%	41.7%	39.8%	50.3%	158.4%	-82.2%	135.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.9%	15.9%	16.4%	17.6%	14.7%	5.0%	-8.9%	4.6%
Return on invested capital	12.5%	12.6%	11.6%	11.2%	8.8%	4.3%	-2.3%	3.4%
Return on assets	6.8%	6.4%	6.6%	6.8%	5.2%	1.7%	-3.3%	2.0%
Free cash flow yield	5.0%	5.9%	4.7%	4.0%	6.4%	11.7%	6.4%	3.2%
Earnings yield	4.4%	4.8%	6.1%	6.0%	3.5%	1.8%	-3.5%	2.8%
Enterprise value	€9.1B	€7.7B	€6.1B	€6.4B	€8.2B	€5B	€5.5B	€4.1B
Net debt / EBITDA	-0.47×	-0.46×	-0.52×	-0.5×	-0.89×	-0.61×	0.41×	0.21×
Cash conversion cycle (days)	74	82	85	95	87	90	99	115