Gerresheimer AG (GXI.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

+343.0%

€143.97

vs €32.50 price

Levered DCF

-€188.90

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.8

Distress zone

Rating

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	-2.88×	23.49×	24.96×	22.94×	30.36×	34.65×	25.97×	15.3×
P/B	0.85×	1.71×	2×	1.77×	2.59×	3.47×	2.27×	2.26×
P/S	0.4×	1.27×	1.45×	1.21×	1.7×	2.16×	1.51×	1.44×
EV / EBITDA	31.05×	9.05×	9.44×	9.73×	12.13×	13.35×	10.96×	10.44×
Gross margin	18.3%	29.9%	30.0%	30.1%	29.5%	30.8%	19.9%	29.3%
Operating margin	-9.0%	9.7%	10.7%	9.3%	9.8%	11.0%	8.9%	10.2%
Net margin	-13.8%	5.4%	5.8%	5.3%	5.6%	6.2%	5.8%	9.4%
Current ratio	0.81×	1.01×	0.89×	0.74×	0.74×	0.95×	0.61×	0.74×
Debt / equity	1.48×	0.85×	0.72×	0.98×	1.16×	1.18×	1.1×	1.11×
Interest coverage	0×	3.26×	4.23×	6.06×	7.12×	7.54×	4.38×	4.37×
Dividend yield	0.3%	1.8%	1.6%	1.8%	1.5%	1.3%	1.9%	1.8%
Payout ratio	-0.7%	41.4%	39.0%	40.8%	46.8%	44.4%	48.8%	28.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-29.6%	7.3%	8.0%	7.7%	8.5%	10.0%	8.7%	14.8%
Return on invested capital	-6.7%	4.7%	5.4%	4.4%	4.1%	4.6%	4.6%	6.2%
Return on assets	-7.1%	2.9%	3.4%	2.9%	2.9%	3.4%	3.1%	4.7%
Free cash flow yield	-10.7%	-5.0%	-1.2%	-0.7%	0.3%	1.6%	1.4%	3.0%
Earnings yield	-34.7%	4.3%	4.0%	4.4%	3.3%	2.9%	3.9%	6.5%
Enterprise value	€2.3B	€3.7B	€3.8B	€3.3B	€3.6B	€4B	€3B	€2.9B
Net debt / EBITDA	18.84×	2.7×	2.28×	3.26×	3.47×	3.18×	3.37×	3.23×
Cash conversion cycle (days)	58	59	38	49	44	50	47	58