Glenveagh Properties PLC (GVR.IR) 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

-314.0%

-€5.27

vs €2.47 price

Levered DCF

€4.36

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.32

Safe zone

Rating

A-

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	9.65×	9.41×	15.25×	11.16×	27.5×	-53.94×	33.32×	-133.21×
P/B	1.31×	1.23×	1.06×	0.85×	1.32×	0.88×	0.88×	0.62×
P/S	1.12×	1.06×	1.18×	0.91×	2.17×	3.24×	2.67×	6.22×
EV / EBITDA	8.17×	8.17×	10.47×	8.33×	19.64×	-67.02×	22.2×	-169.33×
Gross margin	20.6%	21.2%	18.5%	16.8%	17.4%	12.8%	18.1%	18.2%
Operating margin	15.6%	15.2%	11.7%	10.9%	10.6%	-5.5%	10.3%	-3.0%
Net margin	11.6%	11.2%	7.7%	8.2%	7.9%	-6.0%	8.0%	-4.7%
Current ratio	5.94×	5.89×	6.27×	7.87×	8.7×	6.8×	9.48×	25.87×
Debt / equity	0.31×	0.32×	0.18×	0.12×	0.15×	0.12×	0.05×	0×
Interest coverage	7.79×	6.95×	4.37×	9.88×	10.44×	-4.19×	11.01×	-1.81×
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	13.6%	13.0%	6.9%	7.6%	4.8%	-1.6%	2.6%	-0.5%
Return on invested capital	12.0%	11.4%	7.6%	7.5%	4.6%	-1.2%	2.8%	-0.3%
Return on assets	8.8%	8.3%	5.0%	6.0%	3.9%	-1.4%	2.4%	-0.4%
Free cash flow yield	8.7%	-10.3%	4.6%	20.5%	8.5%	-2.0%	-10.2%	-78.7%
Earnings yield	10.3%	10.6%	6.6%	9.0%	3.6%	-1.8%	3.0%	-0.8%
Enterprise value	€1.2B	€1.1B	€767.8M	€601.3M	€1B	€715.9M	€707.6M	€392.8M
Net debt / EBITDA	1.14×	1.33×	0.67×	0.2×	0.09×	3.37×	-1.66×	56.32×
Cash conversion cycle (days)	496	524	547	485	713	1,492	1,309	3,678