Gabriel Holding A/S (GABR.CO) 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

+1304.9%

DKK 3,118.77

vs DKK 222.00 price

Levered DCF

DKK 1,518.83

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.89

Grey 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	60.76×	-32.53×	-133.62×	16.74×	25.79×	52.15×	27.47×	25.61×
P/B	1.72×	1.95×	1.77×	2.71×	3.7×	4.6×	4.79×	4.6×
P/S	0.88×	1.06×	0.62×	0.91×	1.47×	1.79×	1.9×	1.93×
EV / EBITDA	7.56×	11.94×	14.21×	10×	14.23×	20.51×	17.64×	16.03×
Gross margin	55.0%	51.7%	33.3%	32.6%	36.4%	37.6%	40.1%	39.3%
Operating margin	8.5%	4.1%	1.7%	6.1%	7.2%	5.8%	8.7%	9.2%
Net margin	1.4%	-3.2%	-0.5%	5.5%	5.7%	3.4%	6.9%	7.5%
Current ratio	1.17×	1.13×	1.04×	1.13×	1.17×	1.06×	1.19×	1.77×
Debt / equity	1.36×	1.52×	1.23×	1.08×	0.91×	0.96×	0.64×	0.34×
Interest coverage	3.56×	1.16×	1.12×	12.13×	12.81×	10.72×	20.79×	23.97×
Dividend yield	0.0%	0.0%	3.5%	1.9%	0.8%	1.5%	1.3%	1.3%
Payout ratio	0.0%	0.0%	-469.3%	31.7%	20.5%	79.4%	36.7%	32.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.8%	-6.0%	-1.3%	16.2%	14.3%	8.8%	17.4%	18.0%
Return on invested capital	5.1%	-1.1%	-3.6%	6.2%	7.4%	6.0%	10.3%	12.5%
Return on assets	1.0%	-2.0%	-0.5%	6.7%	6.3%	3.9%	8.7%	10.4%
Free cash flow yield	22.6%	2.4%	-2.3%	-3.5%	0.2%	2.1%	0.6%	1.1%
Earnings yield	1.6%	-3.1%	-0.7%	6.0%	3.9%	1.9%	3.6%	3.9%
Enterprise value	DKK 776.4M	DKK 880.2M	DKK 941.1M	DKK 1.3B	DKK 1.4B	DKK 1.5B	DKK 1.5B	DKK 1.2B
Net debt / EBITDA	3.14×	5.02×	5.48×	2.42×	2.44×	2.95×	1.66×	0.75×
Cash conversion cycle (days)	202	214	162	143	150	133	134	69