Gestamp Automoción, S.A. (GEST.MC) 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

+47.8%

€4.20

vs €2.84 price

Levered DCF

€3.41

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.2

Distress 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	11.26×	7.52×	7.16×	8.02×	11.71×	-15.8×	11.59×	11.04×
P/B	0.78×	0.62×	0.92×	0.98×	1.46×	1.5×	1.3×	1.64×
P/S	0.15×	0.12×	0.16×	0.19×	0.32×	0.3×	0.27×	0.33×
EV / EBITDA	2.9×	2.87×	3.19×	3.59×	4.82×	7.64×	4.96×	5.54×
Gross margin	14.9%	38.3%	36.6%	36.8%	41.5%	40.3%	41.4%	42.1%
Operating margin	4.8%	4.9%	5.5%	5.0%	5.1%	0.4%	5.6%	6.2%
Net margin	1.3%	1.6%	2.3%	2.4%	2.7%	-1.9%	2.3%	3.0%
Current ratio	1.02×	0.99×	1.04×	1.05×	1.16×	1.33×	1.32×	1.29×
Debt / equity	1.43×	1.52×	1.54×	1.86×	2.17×	3.19×	1.82×	1.68×
Interest coverage	2.35×	2.6×	3.1×	3.32×	2.71×	0.15×	2.92×	3.62×
Dividend yield	6.4%	9.0%	4.8%	2.6%	0.2%	1.7%	3.4%	3.0%
Payout ratio	73.1%	67.6%	34.8%	20.5%	2.0%	-27.3%	39.7%	33.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.9%	8.3%	12.8%	12.2%	12.3%	-9.5%	11.2%	14.7%
Return on invested capital	6.2%	6.2%	7.5%	5.7%	4.8%	0.3%	6.2%	7.4%
Return on assets	1.5%	1.8%	2.8%	2.6%	2.5%	-1.5%	2.5%	3.3%
Free cash flow yield	18.6%	8.2%	10.5%	12.6%	8.4%	14.2%	0.7%	-10.3%
Earnings yield	8.8%	13.3%	13.9%	12.5%	8.4%	-6.3%	8.6%	9.0%
Enterprise value	€3.8B	€3.7B	€4.2B	€4.3B	€4.9B	€4.8B	€5.3B	€5.2B
Net debt / EBITDA	1.58×	1.78×	1.67×	1.87×	2.3×	4.02×	2.64×	2.49×
Cash conversion cycle (days)	-19	-54	-44	-30	-38	-31	-10	-12