Search companies

Find a company by ticker or name

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
+33.4%
€90.59
vs €67.90 price
Levered DCF
€204.78
After debt service
Piotroski score
7 / 9
Strong
Altman Z-score
2.32
Grey zone
Rating
B-
Overall 3 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E110.13×27.92×34.66×14.06×41.13×17.55×-9.56×7.31×
P/B2.98×3.08×3.17×2.76×2.72×2.55×1.96×1.55×
P/S1.17×1.23×1.15×1.12×1.18×0.98×0.71×0.66×
EV / EBITDA18.48×8.98×9.32×20.05×11.85×6.93×3.66×5.18×
Gross margin22.6%21.9%25.4%23.1%23.1%24.0%23.0%26.0%
Operating margin5.6%4.1%5.9%3.8%3.3%4.9%2.2%6.8%
Net margin1.1%4.4%3.3%7.9%2.9%5.6%-7.4%9.0%
Current ratio1.44×1.48×1.4×1.67×1.72×2.01×1.94×1.72×
Debt / equity0.1×0.3×0.44×0.47×0.42×0.45×0.53×0.37×
Interest coverage3.71×2.73×6.19×8.63×8.09×12.15×3.6×11.54×
Dividend yield1.2%0.8%3.5%0.6%1.4%0.0%9.0%2.6%
Payout ratio133.3%23.0%121.3%9.1%59.0%0.1%-86.4%18.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity2.7%11.0%9.1%19.7%6.6%14.6%-20.5%21.2%
Return on invested capital3.0%5.9%5.9%5.2%3.4%5.8%2.9%8.1%
Return on assets1.1%4.7%3.5%7.9%2.8%5.9%-7.6%9.8%
Free cash flow yield6.0%1.8%2.1%2.6%-3.9%0.8%4.0%3.9%
Earnings yield0.9%3.6%2.9%7.1%2.4%5.7%-10.5%13.7%
Enterprise value€8.1B€9.5B€9.4B€8.6B€8B€6.4B€4B€4.8B
Net debt / EBITDA-2.52×-0.31×0.18×0.33×0.83×0.14×-0.09×0.24×
Cash conversion cycle (days)2526414983556258