7C Solarparken AG (HRPK.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

+329.8%

€7.13

vs €1.66 price

Levered DCF

€7.05

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.7

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	-16.82×	345.45×	30.25×	13.77×	30.93×	54.67×	24.79×	21.67×
P/B	0.65×	0.71×	1.28×	1.52×	1.68×	1.91×	1.53×	1.23×
P/S	2×	2.45×	4.24×	3.82×	5.56×	5.67×	4.57×	3.19×
EV / EBITDA	7.31×	7.71×	8.51×	6.87×	11.01×	11.45×	10.11×	8.8×
Gross margin	87.7%	87.3%	89.0%	51.6%	92.7%	92.1%	94.2%	92.4%
Operating margin	25.2%	9.7%	31.2%	46.8%	31.1%	26.2%	33.5%	37.9%
Net margin	-11.9%	0.7%	14.4%	27.4%	17.5%	10.4%	18.3%	14.6%
Current ratio	2.38×	1.48×	2.07×	1.65×	2.04×	1.93×	2.57×	1.93×
Debt / equity	1.07×	1.12×	1.1×	1.23×	1.44×	1.69×	1.83×	2.03×
Interest coverage	2.42×	1.05×	3.46×	7.28×	2.9×	2.04×	2.35×	2.22×
Dividend yield	1.7%	4.2%	3.4%	2.6%	2.4%	2.3%	3.0%	3.6%
Payout ratio	-28.8%	1427.9%	98.6%	35.7%	77.4%	128.3%	74.5%	79.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-3.9%	0.2%	4.4%	10.9%	5.3%	3.5%	6.1%	5.7%
Return on invested capital	3.3%	1.1%	3.0%	5.3%	3.3%	2.2%	3.4%	3.3%
Return on assets	-1.5%	0.1%	1.8%	4.3%	1.9%	1.1%	2.0%	1.7%
Free cash flow yield	24.5%	21.3%	7.7%	11.3%	6.1%	11.1%	7.3%	7.7%
Earnings yield	-5.9%	0.3%	3.4%	7.2%	3.2%	1.8%	4.0%	4.6%
Enterprise value	€283.5M	€334.8M	€485.9M	€503M	€529.1M	€496.3M	€390.3M	€307M
Net debt / EBITDA	3.91×	4.14×	3.33×	2.4×	4.51×	4.84×	5×	5.11×
Cash conversion cycle (days)	-131	-134	-46	-22	-49	-236	78	-79