Llorente & Cuenca S.A. (LLYC.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

+901.0%

€42.44

vs €4.24 price

Levered DCF

€34.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.61

Grey zone

Rating

—

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	11.75×	7.53×	11.6×	16.5×	25×	62×	33.51×	2.61×
P/B	2.93×	2.48×	2.53×	3.37×	4.75×	6.89×	6.56×	0.21×
P/S	0.62×	0.59×	0.96×	1.29×	2.09×	3.23×	3×	0.11×
EV / EBITDA	8.94×	5.93×	6×	8.15×	12.38×	18.42×	13.08×	0.47×
Gross margin	6.3%	11.2%	101.3%	48.9%	50.2%	56.3%	58.8%	100.0%
Operating margin	5.2%	9.7%	14.1%	13.0%	13.2%	13.0%	16.2%	10.5%
Net margin	5.3%	7.8%	8.2%	7.8%	8.3%	5.1%	8.8%	4.3%
Current ratio	0.59×	1.15×	1.55×	1.52×	1.27×	2.11×	2.15×	2.15×
Debt / equity	1.82×	1.83×	0.48×	0.48×	0.66×	0.34×	0.29×	0.29×
Interest coverage	2.3×	3.42×	8.64×	8.61×	20.87×	17.66×	20.83×	0×
Dividend yield	3.6%	3.4%	1.9%	1.3%	0.0%	0.0%	0.8%	25.0%
Payout ratio	42.5%	26.0%	22.1%	22.1%	0.0%	0.0%	27.9%	65.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	24.8%	32.9%	21.7%	20.3%	18.9%	10.8%	19.3%	8.0%
Return on invested capital	6.5%	8.0%	15.7%	15.7%	12.9%	10.4%	17.1%	8.4%
Return on assets	5.5%	6.3%	9.5%	9.6%	7.4%	5.5%	10.2%	4.2%
Free cash flow yield	19.4%	14.1%	6.9%	0.6%	5.9%	4.6%	4.7%	25.2%
Earnings yield	8.5%	13.3%	8.6%	6.0%	4.0%	1.6%	2.9%	38.3%
Enterprise value	€124.6M	€108.1M	€104.8M	€119.3M	€136M	€141.6M	€142.3M	€2.7M
Net debt / EBITDA	3.15×	2.22×	0.44×	0.29×	0.2×	-0.36×	-0.18×	-0.35×
Cash conversion cycle (days)	40	69	2,137	51	26	34	49	137