Izolacja Jarocin Spolka Akcyjna (IZO.WA) 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

+1.2%

PLN 3.84

vs PLN 3.80 price

Levered DCF

PLN 3.42

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.95

Grey 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	-248.39×	8.71×	13×	4.26×	8.73×	5.11×	8.67×	8.24×
P/B	0.8×	0.63×	0.79×	0.48×	0.74×	0.63×	0.5×	0.58×
P/S	0.54×	0.34×	0.41×	0.22×	0.36×	0.32×	0.21×	0.24×
EV / EBITDA	14.07×	2.86×	7.82×	2.69×	5.15×	2.59×	4.05×	4.79×
Gross margin	28.2%	29.4%	26.5%	26.5%	24.9%	28.7%	25.2%	23.9%
Operating margin	0.7%	5.3%	4.0%	6.7%	4.8%	8.0%	3.8%	4.3%
Net margin	-0.2%	3.9%	3.2%	5.2%	4.1%	6.3%	2.5%	2.9%
Current ratio	4.83×	4.73×	4.52×	4.35×	4.1×	4.49×	3.81×	2.45×
Debt / equity	0×	0×	0.01×	0.02×	0.05×	0.1×	0.02×	0.23×
Interest coverage	4.61×	40.55×	30.07×	19.33×	51.79×	75.64×	9.27×	0×
Dividend yield	0.0%	3.3%	2.7%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	28.7%	36.0%	0.0%	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	-0.3%	7.2%	6.1%	11.4%	8.5%	12.2%	5.8%	7.2%
Return on invested capital	-1.9%	6.5%	5.5%	10.6%	7.4%	10.2%	5.6%	6.0%
Return on assets	-0.3%	5.4%	4.6%	8.8%	6.1%	9.1%	4.1%	4.5%
Free cash flow yield	5.0%	21.5%	10.8%	-14.6%	-4.4%	21.2%	45.0%	-9.2%
Earnings yield	-0.4%	11.4%	7.6%	23.6%	11.5%	19.5%	11.6%	12.3%
Enterprise value	PLN 10.1M	PLN 7.4M	PLN 12.2M	PLN 7.5M	PLN 9.1M	PLN 6.2M	PLN 5.4M	PLN 8.6M
Net debt / EBITDA	-6.34×	-1.61×	-1.06×	-0.21×	-1.04×	-0.95×	-0.37×	1.13×
Cash conversion cycle (days)	156	134	156	146	137	151	127	150