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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
-110.7%
-€0.13
vs €1.19 price
Levered DCF
-€0.11
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-31.84
Distress zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-7.29×-6.33×96.93×-2.58×-1.04×-3.52×-5.96×-5.88×
P/B-28.58×-126.11×5.75×-401.09×44.19×4.04×25.73×-275.4×
P/S0×0×0×0×0×0×0×0×
EV / EBITDA-7.96×324.79×26.1×-3.02×-2.65×-3.58×-7.99×-10.37×
Gross margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Operating margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Current ratio2.93×4.06×3.39×3.28×3.57×4.68×3.61×1.69×
Debt / equity-2.04×-0.12×0.01×-75.33×8.46×0.95×3.9×-71.52×
Interest coverage-465.23×-887.83×0.28×-6×-143.59×-7.46×-8.24×-80.33×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity392.4%2032.5%5.9%15467.0%-4253.3%-120.6%-432.5%4681.5%
Return on invested capital-363.1%-258.8%3.2%-178.4%-172.5%-54.6%-79.0%-77.4%
Return on assets-248.1%-192.1%4.1%-149.6%-340.8%-55.7%-72.3%-58.5%
Free cash flow yield-12.6%-21.4%-17.1%-37.0%-40.6%-27.9%-12.5%-15.2%
Earnings yield-13.7%-16.1%1.0%-38.6%-96.3%-29.8%-16.8%-17.0%
Enterprise value€50.9M€30M€21.7M€23.7M€23.6M€25.6M€48.8M€30.3M
Net debt / EBITDA-0.42×-6.54×-6.58×0.06×0.11×0.72×-0.2×-1.94×
Cash conversion cycle (days)00000-282-566-61