DMG Mori AG (GIL.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

-51.0%

€23.04

vs €47.00 price

Levered DCF

€34.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.19

Safe zone

Rating

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	20.26×	45.5×	22.41×	22.77×	39.39×	62.27×	21.94×	23.54×
P/B	2.65×	2.53×	2.53×	2.36×	2.4×	2.6×	2.63×	2.92×
P/S	1.77×	1.61×	1.38×	1.4×	1.62×	1.77×	1.24×	1.31×
EV / EBITDA	20.25×	10.25×	10.5×	10.49×	16.1×	20.26×	10.77×	11.58×
Gross margin	16.6%	52.3%	49.0%	45.3%	44.7%	45.1%	43.8%	44.7%
Operating margin	5.0%	11.0%	9.2%	9.2%	6.0%	4.5%	8.2%	8.2%
Net margin	8.7%	3.5%	6.1%	6.1%	4.1%	2.8%	5.6%	5.6%
Current ratio	1.57×	1.7×	1.48×	1.48×	1.6×	1.72×	1.52×	1.49×
Debt / equity	0.05×	0.05×	0.06×	0.04×	0.04×	0.05×	0.05×	0×
Interest coverage	5.62×	14.44×	14.15×	30.91×	20.5×	9.4×	21.61×	22.32×
Dividend yield	1.4%	4.1%	4.3%	0.9%	0.8%	3.0%	3.0%	2.6%
Payout ratio	29.2%	187.8%	95.5%	20.1%	32.2%	184.5%	65.4%	60.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.1%	5.5%	11.3%	10.4%	6.1%	4.2%	12.0%	12.4%
Return on invested capital	4.5%	10.7%	10.7%	9.8%	5.6%	4.0%	10.7%	11.5%
Return on assets	6.7%	3.1%	5.5%	5.1%	3.3%	2.4%	6.1%	6.1%
Free cash flow yield	3.5%	3.1%	3.5%	5.2%	5.4%	-0.0%	4.1%	4.3%
Earnings yield	4.9%	2.2%	4.5%	4.4%	2.5%	1.6%	4.5%	4.3%
Enterprise value	€3.7B	€3.5B	€3.4B	€3.2B	€3.1B	€3.2B	€3.3B	€3.3B
Net debt / EBITDA	-0.01×	-0.18×	-0.23×	-0.41×	-0.99×	-0.4×	-0.28×	-0.53×
Cash conversion cycle (days)	283	304	287	283	267	277	199	198