Going Public Media Aktiengesellschaft (G6P0.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

+101.3%

€7.20

vs €3.58 price

Levered DCF

€2.30

After debt service

Piotroski score

—

Altman Z-score

—

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	13×	11.34×	241.36×	-119.61×	7.36×	-86.63×	5.49×	163.98×
P/B	1.82×	1.04×	4.53×	6.15×	5.12×	6.38×	4.43×	5.2×
P/S	0.77×	0.72×	2.86×	4.22×	4.14×	3.7×	2.92×	2.47×
EV / EBITDA	8.72×	2.25×	95.11×	-203.17×	16.81×	-149.61×	12.28×	84.31×
Gross margin	84.6%	87.7%	87.7%	82.4%	86.2%	83.5%	79.2%	80.7%
Operating margin	39.7%	6.7%	-3.8%	-7.3%	39.8%	-4.4%	-10.1%	1.5%
Net margin	6.0%	6.4%	1.2%	-3.5%	18.8%	-4.3%	17.7%	1.5%
Current ratio	5.09×	18.68×	8.34×	11.64×	13.63×	12.92×	8.46×	4.13×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	-66.23×	0×	-1,722.5×	-1,051.77×	84.11×
Dividend yield	57.7%	1.5%	3.4%	10.1%	3.8%	14.8%	7.7%	7.8%
Payout ratio	737.2%	16.9%	817.2%	-1206.5%	84.8%	-1283.5%	126.6%	1270.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.3%	9.3%	1.9%	-5.1%	23.2%	-7.4%	26.9%	3.2%
Return on invested capital	89.5%	6.7%	-5.5%	-9.9%	45.3%	-7.3%	-14.6%	3.1%
Return on assets	11.2%	8.0%	1.6%	-4.4%	20.0%	-6.4%	22.7%	2.6%
Free cash flow yield	0.0%	0.0%	0.0%	0.7%	0.8%	1.1%	1.5%	0.0%
Earnings yield	7.8%	8.9%	0.4%	-0.8%	4.5%	-1.2%	6.1%	0.6%
Enterprise value	€733.6K	€316.3K	€4.1M	€5.9M	€5.9M	€6.6M	€5.9M	€6.6M
Net debt / EBITDA	-4.26×	-6.22×	-17.06×	29.26×	-3.35×	14.51×	-2.38×	-4.7×
Cash conversion cycle (days)	3	23	-8	-14	19	55	11	8