Industria de Diseño Textil, S.A. (ITX.MC) 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

-26.1%

€42.16

vs €57.08 price

Levered DCF

€34.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

8.29

Safe 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	27.5×	28.04×	22.95×	21.52×	25.71×	68.36×	25.96×	21.94×
P/B	8.4×	8.36×	6.63×	5.24×	5.29×	5.28×	6.34×	5.17×
P/S	4.3×	4.26×	3.44×	2.74×	3×	3.76×	3.34×	2.9×
EV / EBITDA	15.17×	14.99×	12.25×	10.82×	11.56×	17.84×	12.76×	12.87×
Gross margin	58.3%	57.8%	49.7%	57.0%	57.1%	55.8%	55.9%	56.7%
Operating margin	20.2%	20.2%	18.9%	16.9%	15.4%	7.4%	16.9%	16.7%
Net margin	15.6%	15.2%	15.0%	12.7%	11.7%	5.4%	12.9%	13.2%
Current ratio	1.54×	1.61×	1.79×	1.8×	1.69×	1.73×	1.56×	1.97×
Debt / equity	0.29×	0.3×	0.3×	0.32×	0.38×	0.44×	0.48×	0.07×
Interest coverage	21.73×	22.13×	25.13×	38.33×	37.89×	11.77×	30.59×	290.47×
Dividend yield	3.1%	2.9%	3.0%	3.2%	2.6%	1.4%	2.9%	3.1%
Payout ratio	84.2%	81.8%	69.4%	70.1%	67.6%	98.6%	75.3%	67.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	30.5%	29.8%	28.9%	24.3%	20.6%	7.6%	24.4%	23.5%
Return on invested capital	23.1%	23.2%	20.9%	18.3%	14.7%	5.5%	16.3%	20.7%
Return on assets	17.5%	16.9%	16.4%	13.8%	11.2%	4.2%	12.8%	15.9%
Free cash flow yield	4.1%	4.3%	5.9%	6.3%	7.3%	3.3%	6.3%	3.5%
Earnings yield	3.6%	3.6%	4.4%	4.6%	3.9%	1.4%	3.8%	4.5%
Enterprise value	€172B	€164B	€122.1B	€89B	€82.2B	€75.6B	€96.9B	€72B
Net debt / EBITDA	0.06×	-0.04×	-0.14×	-0.01×	-0.14×	-0.25×	0.31×	-0.68×
Cash conversion cycle (days)	-32	-50	-29	-26	-38	-32	-38	-20