IBU-tec advanced materials AG (IBU.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

-141.6%

-€5.73

vs €13.75 price

Levered DCF

-€5.61

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.96

Grey zone

Rating

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	16,666.67×	-6.61×	-34.73×	127.04×	-900×	121.96×	71.52×	38.69×
P/B	1.85×	0.66×	1.51×	2.74×	3.63×	3.77×	1.99×	1.7×
P/S	2.14×	0.63×	1.78×	3.02×	4.79×	3.75×	1.31×	1.65×
EV / EBITDA	20.23×	-19.86×	31.68×	24.95×	38.37×	19.44×	11×	11.66×
Gross margin	19.2%	8.1%	49.3%	16.0%	13.1%	-2.6%	14.0%	65.7%
Operating margin	0.2%	-3.8%	-3.7%	3.5%	2.1%	6.1%	2.4%	9.0%
Net margin	0.0%	-9.5%	-5.2%	2.4%	-0.5%	3.0%	1.8%	4.3%
Current ratio	2.49×	1.44×	2.95×	6.99×	6.04×	2.21×	2.97×	1.16×
Debt / equity	0.06×	0.14×	0.15×	0.11×	0.14×	0.42×	0.48×	0.34×
Interest coverage	0.22×	-3,757.73×	-4.07×	6.73×	1.94×	4.38×	2.84×	23.73×
Dividend yield	0.0%	0.0%	0.2%	0.0%	0.0%	0.0%	1.3%	0.3%
Payout ratio	0.0%	0.0%	-7.6%	0.0%	0.0%	0.0%	92.3%	11.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.0%	-10.0%	-4.4%	2.2%	-0.4%	3.1%	2.7%	4.4%
Return on invested capital	-0.0%	-3.1%	-2.8%	2.1%	-0.7%	2.6%	1.2%	5.0%
Return on assets	0.0%	-6.9%	-3.3%	1.7%	-0.3%	1.9%	1.6%	2.4%
Free cash flow yield	6.7%	-2.7%	-5.7%	-8.3%	-2.9%	3.6%	-3.1%	-9.6%
Earnings yield	0.0%	-15.1%	-2.9%	0.8%	-0.1%	0.8%	1.4%	2.6%
Enterprise value	€94.9M	€38.2M	€93.9M	€166.2M	€211.9M	€135.1M	€78M	€64.7M
Net debt / EBITDA	-0.03×	-3.38×	2.73×	0.49×	0.13×	1.63×	2.05×	1.89×
Cash conversion cycle (days)	111	105	362	198	148	112	92	261