Grenergy Renovables, S.A. (GRE.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

-7867.8%

-€5,087.91

vs €65.50 price

Levered DCF

-€5,041.18

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.31

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	28.32×	15.47×	19.91×	81.53×	48.33×	60.62×	30.71×	10.26×
P/B	5.93×	1.96×	2.96×	3.4×	4.99×	18.76×	9.53×	4.72×
P/S	2.3×	1.74×	5.68×	7.52×	9.63×	12.58×	4.91×	5.04×
EV / EBITDA	19.99×	10.85×	15.65×	24.51×	30.33×	55.11×	24.66×	10.43×
Gross margin	18.0%	36.1%	80.5%	72.0%	66.7%	46.3%	26.4%	32.3%
Operating margin	14.1%	22.3%	48.3%	27.0%	39.3%	31.6%	10.4%	43.1%
Net margin	8.1%	11.3%	28.5%	9.3%	19.8%	20.8%	15.8%	48.7%
Current ratio	1.13×	1.08×	1.15×	0.93×	1.1×	1.35×	1.48×	2.01×
Debt / equity	3.52×	2.13×	2.19×	2.05×	2.09×	3.16×	1.95×	0.55×
Interest coverage	3.29×	2.6×	2.46×	1.5×	3.47×	8.01×	5.34×	7.54×
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	20.9%	12.6%	14.8%	4.2%	10.2%	31.0%	30.7%	45.6%
Return on invested capital	6.8%	6.1%	7.4%	3.8%	5.5%	10.6%	5.1%	23.1%
Return on assets	4.0%	3.2%	4.0%	1.2%	2.7%	5.9%	7.3%	22.8%
Free cash flow yield	-24.9%	-32.2%	-32.7%	-18.2%	-23.2%	-9.6%	-8.7%	-9.0%
Earnings yield	3.5%	6.5%	5.0%	1.2%	2.1%	1.7%	3.2%	9.7%
Enterprise value	€3.6B	€1.6B	€1.6B	€1.2B	€1.1B	€1.1B	€398.8M	€140.2M
Net debt / EBITDA	6.39×	4.41×	5.99×	7.92×	7.59×	7.03×	2.71×	0.21×
Cash conversion cycle (days)	29	32	500	-471	-426	11	-35	106