Interlife General Insurance Company S.A. (INLIF.AT) 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

+151.9%

€19.10

vs €7.58 price

Levered DCF

€30.36

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.36

Distress zone

Rating

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	4.16×	7.36×	6.49×	-78.53×	5.15×	5.05×	4.12×	11.78×
P/B	0.68×	0.62×	0.68×	0.59×	0.61×	0.72×	0.83×	1.04×
P/S	0.96×	0.78×	0.84×	0.75×	1.01×	1.16×	1.18×	1.34×
EV / EBITDA	3.18×	3.9×	3.68×	-68.52×	-0.08×	1.06×	1.54×	4.61×
Gross margin	100.0%	106.7%	100.0%	80.0%	101.5%	98.4%	100.0%	100.0%
Operating margin	27.3%	13.0%	16.4%	-3.2%	24.3%	29.2%	37.5%	16.0%
Net margin	23.2%	10.5%	13.0%	-1.0%	19.6%	22.9%	28.5%	11.5%
Current ratio	0×	0.15×	0.14×	14.27×	34.76×	18.36×	0.47×	0.4×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	16,713.15×	4,152.12×	1,094.41×	-147.43×	141.35×	2,392.85×	2,440.04×	0×
Dividend yield	3.2%	3.4%	2.5%	3.1%	3.0%	0.0%	1.2%	1.2%
Payout ratio	13.4%	25.2%	16.2%	-245.3%	15.3%	0.0%	4.9%	13.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.4%	8.4%	10.5%	-0.8%	11.9%	14.1%	20.0%	8.9%
Return on invested capital	7.0%	7.8%	10.5%	-1.3%	6.2%	6.4%	14.1%	5.7%
Return on assets	7.0%	3.4%	4.5%	-0.3%	5.3%	6.2%	8.3%	3.5%
Free cash flow yield	22.6%	27.2%	13.5%	25.4%	22.4%	22.1%	22.5%	14.3%
Earnings yield	24.1%	13.5%	15.5%	-1.3%	19.5%	19.7%	24.2%	8.6%
Enterprise value	€105M	€58.9M	€64.9M	€38M	-€1.6M	€21.4M	€39.6M	€49.1M
Net debt / EBITDA	-0.31×	-1.87×	-1.35×	59.28×	-4.11×	-2.84×	-1.5×	-2.75×
Cash conversion cycle (days)	23	0	-28	-30	34	30	0	0