Gimv N.V. (GIMB.BR) 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

-108.3%

-€4.15

vs €49.90 price

Levered DCF

-€5.43

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.71

Safe 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	9.38×	5.27×	5.75×	-20.23×	8.29×	6.41×	-7.98×	11.5×
P/B	0.8×	0.61×	0.81×	0.92×	1.02×	1.03×	1.09×	0.98×
P/S	18.68×	3.3×	4.24×	-237.09×	5.23×	4.51×	14.17×	5.72×
EV / EBITDA	9.84×	4.41×	5.61×	-41.01×	7.16×	5.11×	-8.55×	6.58×
Gross margin	97.5%	96.7%	95.4%	320.9%	95.7%	96.9%	76.7%	38.4%
Operating margin	200.1%	62.8%	75.9%	722.9%	66.8%	76.5%	-178.0%	53.4%
Net margin	199.3%	62.6%	75.8%	1172.0%	63.2%	70.4%	-177.6%	49.7%
Current ratio	3.94×	289.21×	10.21×	6.24×	16.41×	5.38×	22.03×	28.37×
Debt / equity	0.18×	0.19×	0.24×	0.27×	0.25×	0.28×	0.23×	0×
Interest coverage	21.4×	19.16×	19.12×	-3.03×	15.43×	24.77×	-21.64×	196.04×
Dividend yield	3.5%	3.2%	3.8%	3.6%	2.5%	2.7%	5.3%	4.9%
Payout ratio	33.2%	16.8%	21.0%	-73.1%	20.9%	17.2%	-41.9%	56.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.5%	11.5%	14.6%	-4.5%	12.3%	16.1%	-13.7%	8.5%
Return on invested capital	7.0%	9.3%	11.5%	-2.8%	12.4%	16.1%	-13.3%	9.9%
Return on assets	7.1%	9.3%	11.3%	-3.4%	9.5%	11.7%	-10.8%	8.2%
Free cash flow yield	-18.2%	-4.4%	-1.6%	-3.8%	-2.8%	-2.7%	-2.2%	-0.2%
Earnings yield	10.7%	19.0%	17.9%	-4.9%	12.1%	15.6%	-12.5%	8.7%
Enterprise value	€1.8B	€978.4M	€1.3B	€1.4B	€1.4B	€1.2B	€1.1B	€1.3B
Net debt / EBITDA	1.05×	-0.8×	0.2×	-4.85×	-0.13×	-0.73×	0.78×	-0.2×
Cash conversion cycle (days)	8	-8	-24	-53	-128	-111	-46	-12