Komputronik S.A. (KOM.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

+684.5%

PLN 45.19

vs PLN 5.76 price

Levered DCF

-PLN 0.58

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.66

Safe zone

Rating

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	20.8×	-3.13×	-9.76×	0.45×	2.65×	3.44×	-0.11×	4.93×
P/B	0.26×	0.2×	0.17×	0.26×	0.36×	0.33×	0.11×	0.24×
P/S	0.04×	0.03×	0.03×	0.04×	0.02×	0.02×	0.01×	0.02×
EV / EBITDA	4.08×	5.5×	2.13×	0.35×	2.03×	3×	-1.19×	4.87×
Gross margin	13.0%	11.7%	12.0%	11.2%	12.8%	13.1%	9.9%	11.3%
Operating margin	0.9%	-0.4%	0.1%	0.6%	1.7%	1.5%	-3.6%	0.8%
Net margin	0.2%	-0.9%	-0.3%	8.1%	0.8%	0.6%	-5.1%	0.4%
Current ratio	1.74×	2.05×	2.53×	2.82×	0.99×	0.89×	0.84×	1.08×
Debt / equity	0.35×	0.12×	0.12×	0.1×	0.95×	1.16×	1.45×	0.63×
Interest coverage	3.59×	-0.59×	0.21×	4.03×	17.1×	7.22×	-7.72×	4.55×
Dividend yield	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%	0.9%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.1%	0.0%	0.0%	-0.1%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.3%	-6.6%	-1.8%	58.4%	13.7%	9.7%	-103.4%	4.8%
Return on invested capital	2.6%	-2.0%	0.5%	3.1%	10.4%	8.2%	-26.9%	4.4%
Return on assets	0.6%	-3.4%	-0.9%	31.2%	3.2%	2.0%	-18.8%	1.5%
Free cash flow yield	10.3%	-7.3%	20.1%	-28.2%	55.4%	-31.8%	800.4%	20.5%
Earnings yield	4.8%	-32.4%	-10.3%	221.7%	37.8%	29.1%	-947.2%	20.3%
Enterprise value	PLN 139.4M	PLN 67.7M	PLN 50.3M	PLN 60.3M	PLN 86.9M	PLN 101.8M	PLN 73.8M	PLN 131.7M
Net debt / EBITDA	2.19×	1.51×	0.27×	-0.04×	1.13×	2.11×	-1.05×	3.42×
Cash conversion cycle (days)	48	36	39	53	20	28	6	29