Gigas Hosting, S.A. (GIGA.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

-42.9%

€1.42

vs €2.49 price

Levered DCF

€11.22

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.55

Distress zone

Rating

B-

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	-3.4×	111.54×	-14.42×	-30×	-51.19×	-191.99×	135.32×	-187.86×
P/B	1.11×	2.16×	1.81×	2.63×	2.7×	3.49×	5.69×	5.5×
P/S	0.48×	1.1×	1.05×	1.86×	2.23×	8.17×	2.85×	3.2×
EV / EBITDA	8.44×	6.39×	8.24×	13.73×	13.91×	34.17×	13.66×	19.77×
Gross margin	41.0%	45.5%	45.5%	46.8%	58.9%	75.5%	79.7%	81.2%
Operating margin	-0.8%	7.9%	-1.2%	-1.9%	-0.8%	-0.6%	6.6%	1.1%
Net margin	-14.3%	1.0%	-7.3%	-6.2%	-3.9%	-4.3%	2.1%	-1.7%
Current ratio	0.92×	0.96×	0.96×	0.65×	0.64×	4.55×	1.03×	1.03×
Debt / equity	2.26×	2.04×	1.89×	1.66×	1.22×	0.24×	1.16×	0.93×
Interest coverage	-0.11×	0.94×	-4.19×	-0.39×	-0.21×	-0.17×	1.89×	0.34×
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	-33.1%	1.9%	-12.6%	-8.7%	-4.7%	-1.8%	4.2%	-2.9%
Return on invested capital	-0.5%	3.9%	-0.4%	-0.9%	-0.4%	-0.1%	4.1%	0.5%
Return on assets	-6.6%	0.4%	-2.8%	-2.4%	-1.5%	-1.1%	1.4%	-1.1%
Free cash flow yield	28.8%	-0.4%	-0.7%	-0.8%	3.1%	1.9%	3.6%	-1.7%
Earnings yield	-29.7%	0.9%	-7.0%	-3.3%	-1.7%	-0.5%	0.7%	-0.5%
Enterprise value	€86.3M	€144.4M	€123.9M	€172.5M	€162.8M	€71.8M	€33.6M	€30.4M
Net debt / EBITDA	4.94×	2.67×	3.59×	4.64×	3.6×	-7.97×	1.78×	1.66×
Cash conversion cycle (days)	-96	-32	-52	-125	-256	-132	7	25