INNIO N.V. Ordinary Shares (INIO) 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

-92.0%

$1.31

vs $16.38 price

Levered DCF

$1.83

After debt service

Piotroski score

—

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023
P/E	175.26×	277.5×	333×
P/B	117.95×	33.68×	29.31×
P/S	9.74×	11.9×	12.75×
EV / EBITDA	55.31×	61.35×	72.59×
Gross margin	34.6%	35.7%	33.4%
Operating margin	13.1%	13.8%	11.8%
Net margin	5.5%	4.3%	3.9%
Current ratio	1.3×	1.16×	1.23×
Debt / equity	12.53×	2.51×	2.11×
Interest coverage	2.12×	1.55×	1.78×
Dividend yield	2.8%	0.6%	0.0%
Payout ratio	501.6%	177.6%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023
Return on equity	66.3%	12.1%	9.0%
Return on invested capital	7.5%	8.7%	5.4%
Return on assets	2.9%	2.4%	2.0%
Free cash flow yield	1.5%	1.2%	0.3%
Earnings yield	0.6%	0.4%	0.3%
Enterprise value	$27.7B	$27.2B	$27.2B
Net debt / EBITDA	4.07×	3.46×	4.12×
Cash conversion cycle (days)	111	86	92