Hydratec Industries N.V. (HYDRA.AS) 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

+87.8%

€401.93

vs €214.00 price

Levered DCF

€269.44

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.6

Grey 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	9.22×	11.4×	7.43×	5.93×	6.37×	53.47×	13.28×	9.5×
P/B	1.89×	1.99×	1.24×	1.1×	1.27×	1.1×	1.41×	1.37×
P/S	0.84×	0.77×	0.41×	0.33×	0.37×	0.32×	0.4×	0.39×
EV / EBITDA	5.1×	6.03×	3.92×	2.81×	3.63×	6.78×	8.01×	6.69×
Gross margin	23.4%	51.7%	48.3%	45.1%	47.8%	48.4%	44.5%	46.2%
Operating margin	11.8%	9.3%	7.8%	7.7%	8.6%	1.5%	4.7%	4.3%
Net margin	9.2%	6.7%	5.6%	5.6%	5.9%	0.6%	3.0%	4.1%
Current ratio	1.27×	1.06×	1.1×	1.03×	1×	0.89×	0.88×	1.09×
Debt / equity	0.11×	0.14×	0.26×	0.27×	0.41×	0.81×	1.13×	0.39×
Interest coverage	36.1×	21.49×	17.38×	20.48×	14.89×	1.88×	7.56×	7.66×
Dividend yield	3.5%	3.7%	6.5%	6.2%	3.0%	0.0%	3.9%	3.6%
Payout ratio	32.3%	42.1%	48.6%	36.7%	19.2%	0.0%	52.3%	33.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	20.6%	17.4%	16.7%	18.5%	19.9%	2.1%	10.6%	14.4%
Return on invested capital	16.5%	15.0%	13.1%	14.7%	14.1%	2.7%	5.2%	11.8%
Return on assets	10.6%	8.4%	7.1%	6.6%	7.1%	0.7%	3.1%	5.1%
Free cash flow yield	13.3%	14.8%	-5.9%	34.6%	28.0%	27.7%	-5.9%	-5.2%
Earnings yield	10.8%	8.8%	13.5%	16.9%	15.7%	1.9%	7.5%	10.5%
Enterprise value	€209.7M	€213.3M	€130M	€92.2M	€122.4M	€116.1M	€156.2M	€100.4M
Net debt / EBITDA	-0.3×	0.16×	0.4×	-0.07×	0.78×	2.71×	3.49×	1.3×
Cash conversion cycle (days)	86	103	119	137	128	125	111	93