Intrum AB (publ) (INTRUM.ST) 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

+11718.5%

SEK 232.94

vs SEK 1.97 price

Levered DCF

SEK 379.57

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.2

Distress 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	-17.21×	-4.46×	-221.9×	-16.98×	44.98×	71.24×	-504.94×	69.62×
P/B	2.27×	1.23×	2.49×	4.1×	6.48×	7.01×	8.3×	5.69×
P/S	1.45×	0.91×	2.36×	3.97×	7.91×	7.95×	11.43×	10.02×
EV / EBITDA	12.1×	13.93×	22.25×	52.27×	23.9×	29.3×	37.77×	35.73×
Gross margin	70.3%	44.1%	46.9%	52.9%	46.3%	43.6%	38.6%	45.2%
Operating margin	26.1%	10.8%	15.7%	0.3%	36.4%	27.9%	12.9%	29.6%
Net margin	-8.4%	-20.5%	-1.1%	-23.4%	17.6%	11.2%	-2.3%	14.4%
Current ratio	1.18×	0.45×	0.66×	0.69×	0.74×	0.69×	0.8×	0.99×
Debt / equity	4.05×	3.84×	3.61×	3.09×	2.46×	2.59×	2.34×	1.83×
Interest coverage	1.18×	0.57×	0.91×	0.02×	3.05×	2.31×	1.19×	2.79×
Dividend yield	0.0%	0.0%	3.9%	2.1%	1.0%	1.0%	0.7%	0.9%
Payout ratio	0.0%	0.0%	-870.1%	-36.5%	46.4%	70.8%	-344.5%	64.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-13.2%	-27.6%	-1.1%	-24.1%	14.4%	9.8%	-1.6%	8.2%
Return on invested capital	-33.9%	2.8%	3.4%	0.1%	6.4%	5.0%	-5.3%	4.3%
Return on assets	-2.2%	-4.8%	-0.2%	-5.0%	3.5%	2.3%	-0.4%	2.5%
Free cash flow yield	18.4%	23.3%	11.9%	6.1%	6.9%	5.8%	3.1%	4.3%
Earnings yield	-5.8%	-22.4%	-0.4%	-5.9%	2.2%	1.4%	-0.2%	1.4%
Enterprise value	SEK 66.1B	SEK 65.5B	SEK 98.6B	SEK 129.7B	SEK 189.4B	SEK 181.5B	SEK 232.4B	SEK 176.6B
Net debt / EBITDA	7.58×	10.43×	12.83×	21.68×	6.15×	7.67×	8.08×	8.48×
Cash conversion cycle (days)	-280	69	75	68	-104	52	113	169