Hypoport SE (HYQ.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

-60.0%

€31.55

vs €78.95 price

Levered DCF

€15.99

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.91

Grey zone

Rating

Overall 3 / 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	33.18×	90.86×	58.54×	32.91×	106.68×	118.94×	80.77×	40.71×
P/B	2.29×	3.18×	3.48×	2.26×	12.79×	14.71×	11.06×	5.97×
P/S	1.43×	2.01×	2.39×	1.35×	7.21×	8.36×	5.83×	3.43×
EV / EBITDA	14.67×	21.84×	23.48×	13.33×	43.6×	53.06×	39.06×	24.52×
Gross margin	15.5%	43.1%	42.3%	57.3%	55.9%	54.3%	27.0%	26.5%
Operating margin	4.9%	2.2%	2.1%	5.3%	10.7%	9.3%	10.1%	10.6%
Net margin	4.3%	2.2%	4.1%	4.1%	6.8%	7.0%	7.2%	8.4%
Current ratio	1.46×	1.42×	1.53×	1.06×	1.18×	1.1×	1.07×	1.37×
Debt / equity	0.47×	0.53×	0.54×	0.69×	0.78×	0.86×	0.65×	0.53×
Interest coverage	7.41×	3.32×	3.47×	7.47×	13.35×	11.84×	16.4×	20.91×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.9%	3.5%	6.0%	6.9%	12.0%	12.4%	13.7%	14.7%
Return on invested capital	4.5%	1.8%	1.9%	4.1%	6.5%	6.4%	8.1%	8.9%
Return on assets	3.8%	1.8%	3.3%	3.2%	5.1%	4.9%	6.2%	7.4%
Free cash flow yield	2.5%	1.0%	0.5%	0.4%	0.8%	0.3%	1.0%	2.3%
Earnings yield	3.0%	1.1%	1.7%	3.0%	0.9%	0.8%	1.2%	2.5%
Enterprise value	€947M	€1.2B	€1.3B	€771.6M	€3.4B	€3.4B	€2.1B	€963.2M
Net debt / EBITDA	1.31×	1.78×	1.61×	2.73×	1.92×	2.44×	1.71×	1.25×
Cash conversion cycle (days)	13	-25	16	-2	-27	-29	4	7