Genovis AB (GENO.ST) 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

-59.9%

SEK 8.48

vs SEK 21.15 price

Levered DCF

SEK 8.82

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

8.04

Safe zone

Rating

B-

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	59.03×	49.4×	55.32×	270.29×	192.11×	318.18×	166.67×	-249.28×
P/B	5.15×	7.09×	17.84×	23.94×	41.92×	23.52×	44.29×	16.34×
P/S	10.84×	12.4×	21.51×	29.38×	51.38×	33.6×	26.05×	12.33×
EV / EBITDA	34.56×	27.13×	50.28×	197.38×	162.77×	234.77×	92.07×	202.9×
Gross margin	21.3%	88.2%	90.4%	85.3%	87.4%	94.4%	92.7%	97.6%
Operating margin	21.3%	35.1%	34.3%	22.0%	26.4%	11.3%	22.3%	-2.8%
Net margin	18.2%	25.3%	38.9%	10.9%	26.6%	10.6%	15.8%	-4.9%
Current ratio	7.36×	7.38×	7.49×	5.94×	4.49×	5.24×	3.07×	3.08×
Debt / equity	0.52×	0.34×	0.42×	0.06×	0.02×	0.08×	0.13×	0.2×
Interest coverage	7.29×	11.56×	23.95×	66.54×	0×	6.95×	33.86×	-1.5×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.7%	14.4%	32.2%	8.9%	21.7%	7.4%	26.8%	-6.6%
Return on invested capital	6.8%	10.7%	19.9%	16.6%	20.9%	7.1%	33.2%	-3.1%
Return on assets	6.2%	10.1%	21.3%	7.4%	17.5%	6.0%	19.5%	-4.5%
Free cash flow yield	2.2%	2.3%	1.6%	-0.2%	0.9%	-0.8%	0.5%	-0.7%
Earnings yield	1.7%	2.0%	1.8%	0.4%	0.5%	0.3%	0.6%	-0.4%
Enterprise value	SEK 1.4B	SEK 1.5B	SEK 3.4B	SEK 2.9B	SEK 4.7B	SEK 2B	SEK 1.6B	SEK 421.7M
Net debt / EBITDA	-0.59×	-1.65×	-0.66×	-4.39×	-2.72×	-4.37×	-0.61×	-2.12×
Cash conversion cycle (days)	65	299	290	233	360	1,284	650	2,042