Intracom Holdings S.A. (INTRK.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

-62.3%

€1.21

vs €3.20 price

Levered DCF

-€1.67

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.67

Distress zone

Rating

B+

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	21.69×	-298×	14.46×	11.31×	0.99×	-12.95×	97.18×	-69.57×
P/B	0.8×	0.69×	0.77×	0.44×	0.39×	0.3×	0.26×	0.19×
P/S	8.63×	257.86×	14.06×	71.85×	0.47×	0.14×	0.12×	0.1×
EV / EBITDA	1,637.28×	13.51×	5.97×	0.42×	4.73×	41.56×	7.46×	6.04×
Gross margin	43.3%	11.5%	52.4%	24.6%	8.4%	14.7%	13.8%	14.9%
Operating margin	-6.1%	743.8%	114.5%	-1340.0%	-1.6%	0.3%	4.4%	0.5%
Net margin	40.7%	-102.4%	97.5%	619.1%	47.8%	-1.1%	0.1%	-0.1%
Current ratio	2.27×	2.64×	3.7×	8.76×	1.68×	1.18×	1.14×	1.17×
Debt / equity	0.1×	0.15×	0.19×	0.08×	0.57×	1.02×	0.95×	0.84×
Interest coverage	-0.81×	1.8×	6.06×	-30.13×	-0.34×	0.14×	1.79×	0.2×
Dividend yield	3.5%	1.7%	3.5%	6.9%	0.0%	0.0%	0.0%	0.0%
Payout ratio	73.9%	-425.7%	49.9%	79.6%	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	3.8%	-0.3%	5.4%	3.8%	39.5%	-2.3%	0.3%	-0.3%
Return on invested capital	-0.3%	1.0%	4.3%	-7.2%	-0.7%	0.3%	0.5%	-0.2%
Return on assets	2.3%	-0.2%	4.1%	3.0%	17.0%	-0.6%	0.1%	-0.1%
Free cash flow yield	12.5%	0.3%	-5.1%	-39.6%	-42.8%	28.8%	-44.2%	-77.9%
Earnings yield	4.7%	-0.4%	6.9%	8.6%	101.4%	-7.7%	1.0%	-1.4%
Enterprise value	€214.5M	€175.9M	€197.3M	-€10M	€102.5M	€195.7M	€231.7M	€181.7M
Net debt / EBITDA	-560.8×	-5.49×	-2.74×	6.57×	-1.26×	28.14×	5.45×	4.42×
Cash conversion cycle (days)	-19	10,543	345	4,590	70	61	80	-216