Gurktaler AG (GAGV.VI) 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

-155.2%

-€8.83

vs €16.00 price

Levered DCF

-€31.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

23.42

Safe zone

Rating

Overall 3 / 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	20.24×	12.13×	21.05×	14.19×	23.08×	6.85×	15.88×	7.65×
P/B	1.46×	0.97×	0.67×	1.25×	0.97×	0.72×	0.81×	0.71×
P/S	13.88×	6.11×	4.41×	62.28×	72.9×	26.99×	25.53×	21.6×
EV / EBITDA	19.73×	12.55×	8.98×	-112.18×	-55.53×	5.59×	49.26×	24.79×
Gross margin	28.5%	27.7%	0.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	-34.7%	-12.1%	-18.0%	-109.2%	-47.1%	360.4%	48.9%	46.8%
Net margin	68.6%	50.4%	21.0%	439.5%	318.2%	394.8%	161.1%	282.1%
Current ratio	10.87×	6.06×	20.85×	6.29×	44.46×	12.27×	41.19×	39.48×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	-293.25×	-25.63×	-8.87×	1,515.5×	116.5×	34.15×
Dividend yield	5.3%	9.9%	1.4%	44.7%	1.1%	0.8%	1.5%	0.9%
Payout ratio	107.1%	120.4%	28.9%	633.5%	24.5%	5.4%	23.5%	6.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.2%	8.0%	3.2%	8.8%	4.2%	10.5%	5.1%	9.3%
Return on invested capital	-3.6%	-1.9%	-2.4%	-2.1%	-0.5%	7.6%	1.1%	1.4%
Return on assets	7.0%	7.6%	3.1%	8.5%	4.1%	10.0%	5.0%	9.1%
Free cash flow yield	0.0%	0.0%	-0.6%	-2.2%	-3.9%	1.4%	0.8%	1.9%
Earnings yield	4.9%	8.2%	4.8%	7.1%	4.4%	14.6%	6.3%	13.1%
Enterprise value	€35.7M	€23.2M	€15.1M	€27.6M	€20.3M	€17.7M	€24.4M	€20.5M
Net debt / EBITDA	-0.02×	-0.35×	-1.02×	0.74×	30.95×	-1.58×	0.17×	-0×
Cash conversion cycle (days)	552	308	299	1,163	943	1,953	1,514	699