Geox S.p.A. (GEO.MI) 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

+764.1%

€2.25

vs €0.26 price

Levered DCF

€2.57

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.2

Distress 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	-7.08×	-4.55×	-28.81×	-15.75×	-4.65×	-1.59×	-12.31×	-56.52×
P/B	1.53×	2.07×	2.05×	1.89×	2.19×	1.21×	1×	0.86×
P/S	0.19×	0.21×	0.26×	0.28×	0.45×	0.38×	0.37×	0.36×
EV / EBITDA	6.54×	5.87×	5.71×	7.34×	88.6×	-5.37×	6.02×	6.55×
Gross margin	49.6%	49.5%	49.4%	46.3%	46.7%	43.4%	49.5%	50.0%
Operating margin	-0.5%	-0.7%	-0.1%	-3.2%	-15.5%	-27.6%	-2.0%	0.3%
Net margin	-2.7%	-4.6%	-0.9%	-1.8%	-10.2%	-24.0%	-3.1%	-0.6%
Current ratio	1.14×	1.11×	1.1×	1.08×	1.22×	1.33×	1.31×	1.58×
Debt / equity	4.24×	4.9×	4.3×	3.11×	2.72×	2.66×	1.14×	0.14×
Interest coverage	-0.24×	-0.31×	-0.06×	-2.08×	-12.26×	-17.75×	-1.71×	0.41×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.1%	5.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-26.2%	-293.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-21.6%	-44.7%	-7.1%	-12.0%	-49.9%	-76.7%	-8.2%	-1.6%
Return on invested capital	-0.8%	-1.2%	-0.2%	-5.8%	-21.6%	-24.9%	-2.6%	-5.7%
Return on assets	-2.6%	-4.4%	-0.8%	-1.6%	-8.7%	-15.0%	-2.7%	-0.8%
Free cash flow yield	20.6%	32.8%	24.4%	33.5%	25.1%	-18.5%	32.5%	1.6%
Earnings yield	-14.1%	-21.6%	-3.5%	-6.4%	-22.8%	-63.3%	-8.2%	-1.8%
Enterprise value	€414.8M	€446.5M	€505.3M	€516.9M	€566.5M	€563.7M	€598.9M	€302.2M
Net debt / EBITDA	4.73×	4.02×	3.61×	4.43×	45.89×	-3.44×	2.99×	0.17×
Cash conversion cycle (days)	124	80	111	71	131	168	152	135