Glintt - Global Intelligent Technologies, S.A. (GLINT.LS) 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

+164.6%

€3.20

vs €1.21 price

Levered DCF

€6.90

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.28

Distress 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	13.61×	8.43×	7.6×	6.05×	15.11×	10.14×	30.49×	27.34×
P/B	1.21×	0.51×	0.38×	0.25×	0.32×	0.17×	0.15×	0.21×
P/S	0.75×	0.35×	0.25×	0.17×	0.24×	0.14×	0.12×	0.18×
EV / EBITDA	7.69×	3.92×	3.58×	3.32×	4.67×	4.4×	4.32×	6.83×
Gross margin	13.8%	7.7%	62.6%	65.4%	65.3%	64.7%	62.2%	20.5%
Operating margin	8.4%	9.8%	9.3%	8.9%	7.3%	6.1%	5.7%	4.2%
Net margin	5.5%	4.1%	3.4%	2.9%	1.6%	1.4%	0.4%	0.6%
Current ratio	0.83×	0.74×	0.64×	0.65×	0.56×	0.66×	0.48×	0.58×
Debt / equity	0.48×	0.56×	0.52×	0.55×	0.65×	0.73×	0.58×	0.56×
Interest coverage	4.65×	3.53×	3.45×	4.87×	2.83×	2.14×	2.21×	1.48×
Dividend yield	3.6%	7.1%	6.3%	1.6%	0.5%	1.6%	1.2%	0.0%
Payout ratio	48.5%	59.5%	48.0%	9.9%	7.6%	16.6%	37.2%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.9%	6.1%	5.0%	4.1%	2.1%	1.7%	0.5%	0.8%
Return on invested capital	6.0%	5.7%	5.0%	3.6%	2.3%	1.5%	0.5%	1.0%
Return on assets	4.0%	2.7%	2.2%	1.7%	0.8%	0.7%	0.2%	0.3%
Free cash flow yield	17.6%	35.0%	53.7%	8.9%	22.0%	31.5%	62.0%	26.1%
Earnings yield	7.3%	11.9%	13.2%	16.5%	6.6%	9.9%	3.3%	3.7%
Enterprise value	€132.3M	€76.4M	€68.2M	€59.3M	€66.8M	€55.5M	€52.2M	€54.3M
Net debt / EBITDA	1.58×	1.74×	1.97×	2.23×	2.98×	3.38×	3.42×	4.91×
Cash conversion cycle (days)	17	11	-22	-22	46	38	-26	43