LIMES Schlosskliniken AG (LIK.DE) 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

-105.0%

-€26.33

vs €525.00 price

Levered DCF

€124.82

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

8.17

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	18.52×	31.29×	24.53×	22.32×	15.32×	-43.04×	-32.03×	-19.44×
P/B	4.17×	5.31×	5.5×	8.45×	9.57×	11.16×	7.82×	-8.85×
P/S	2.11×	2.6×	2.24×	3.26×	2.58×	2.71×	3.22×	3.76×
EV / EBITDA	8.28×	13.75×	11.06×	10.62×	10.35×	37.09×	115.61×	-208.43×
Gross margin	38.1%	92.1%	43.7%	37.5%	35.7%	25.4%	25.4%	30.0%
Operating margin	18.6%	11.5%	13.5%	20.8%	19.3%	-3.9%	-6.6%	-12.3%
Net margin	11.4%	8.3%	9.1%	14.6%	16.8%	-6.3%	-10.1%	-19.3%
Current ratio	2.79×	2.92×	3.42×	4.82×	3.09×	4.18×	3.02×	4.72×
Debt / equity	0.42×	0.57×	0.67×	0.81×	0.69×	1.44×	1.57×	0×
Interest coverage	40.15×	28.61×	11.41×	15.32×	20.2×	-1.62×	-1.9×	-1.74×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	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	22.5%	17.0%	22.5%	37.9%	62.5%	-25.9%	-24.5%	45.5%
Return on invested capital	18.9%	10.4%	14.8%	22.2%	26.2%	-4.0%	-6.2%	-10.2%
Return on assets	12.6%	8.1%	10.2%	15.8%	21.4%	-5.9%	-8.7%	-15.2%
Free cash flow yield	0.7%	2.5%	-4.2%	6.8%	-3.0%	-3.4%	6.1%	5.6%
Earnings yield	5.4%	3.2%	4.1%	4.5%	6.5%	-2.3%	-3.1%	-5.1%
Enterprise value	€105.9M	€96.9M	€84.8M	€91.9M	€62.2M	€31.1M	€30.4M	€26.9M
Net debt / EBITDA	0.03×	-0.06×	0.2×	-0.22×	0.31×	1.39×	15.38×	11.24×
Cash conversion cycle (days)	47	-243	17	28	23	17	11	25