GFT Technologies SE (GFT.DE) 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

+61.1%

€44.70

vs €27.75 price

Levered DCF

€37.01

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.5

Safe zone

Rating

A-

Overall 4 / 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	14.91×	12.49×	16.63×	19.29×	40.48×	31.42×	22.38×	9.17×
P/B	1.86×	2.15×	3.34×	4.44×	7.56×	2.45×	2.3×	1.44×
P/S	0.55×	0.67×	1×	1.22×	2.15×	0.71×	0.71×	0.44×
EV / EBITDA	9.31×	6.9×	9.04×	10.22×	20.33×	7.26×	6.68×	6.56×
Gross margin	12.5%	11.1%	17.6%	18.3%	16.8%	15.7%	16.4%	18.9%
Operating margin	4.7%	8.2%	8.5%	7.4%	7.2%	3.7%	5.0%	6.0%
Net margin	3.7%	5.3%	6.0%	6.3%	5.3%	2.2%	3.2%	4.8%
Current ratio	1.08×	1.21×	1.19×	1.44×	1.23×	1.2×	1.4×	1.54×
Debt / equity	0.56×	0.59×	0.43×	0.41×	0.64×	0.36×	0.4×	0.95×
Interest coverage	6.86×	9.02×	19.54×	39.78×	28.32×	6.53×	6.73×	14.41×
Dividend yield	2.7%	2.3%	1.5%	1.0%	0.4%	1.7%	2.6%	4.3%
Payout ratio	39.6%	28.3%	24.5%	19.9%	17.6%	53.0%	57.8%	39.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	12.5%	17.1%	20.1%	23.0%	18.6%	7.8%	10.3%	15.7%
Return on invested capital	6.8%	11.1%	13.3%	12.3%	10.7%	4.4%	4.9%	8.4%
Return on assets	5.1%	7.1%	8.6%	9.3%	6.6%	2.4%	3.1%	5.4%
Free cash flow yield	8.1%	11.6%	4.5%	5.6%	3.8%	17.7%	9.8%	21.8%
Earnings yield	6.7%	8.0%	6.0%	5.2%	2.5%	3.2%	4.5%	10.9%
Enterprise value	€576.9M	€661.3M	€839.2M	€898.3M	€1.2B	€290.1M	€303.7M	€243.2M
Net debt / EBITDA	1.4×	0.83×	0.36×	0.05×	0.52×	-0.61×	-0.06×	1.61×
Cash conversion cycle (days)	88	77	91	84	90	75	101	81