LPKF Laser & Electronics SE (LPK.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

-68.4%

€3.15

vs €9.96 price

Levered DCF

€4.17

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.46

Safe zone

Rating

Overall 2 / 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	-9.47×	-49.61×	138.97×	170.55×	-4,157.45×	133.86×	29.26×	15.8×
P/B	1.75×	2.38×	2.56×	2.52×	5.19×	7.76×	4.26×	1.64×
P/S	1.19×	1.78×	1.96×	1.91×	5.12×	7.5×	2.76×	1.06×
EV / EBITDA	31.3×	38.02×	19.24×	15.03×	61.55×	47.33×	13.34×	8.37×
Gross margin	11.1%	17.9%	69.1%	68.4%	73.1%	70.9%	62.9%	63.2%
Operating margin	-8.6%	-2.1%	3.0%	5.5%	0.1%	7.8%	13.7%	5.7%
Net margin	-12.4%	-3.7%	1.4%	1.1%	-0.1%	5.6%	9.4%	6.7%
Current ratio	1.91×	1.86×	1.7×	1.8×	1.76×	2.54×	2.26×	1.96×
Debt / equity	0.07×	0.09×	0.14×	0.04×	0.06×	0.04×	0.04×	0.03×
Interest coverage	-8.64×	-1.66×	5.96×	16.99×	0.26×	15.61×	24.77×	6.59×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.5%	0.3%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	-2149.1%	45.8%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-18.4%	-4.9%	1.8%	1.5%	-0.1%	5.7%	14.5%	10.3%
Return on invested capital	-10.7%	-2.5%	1.8%	1.7%	0.1%	5.4%	14.7%	7.9%
Return on assets	-12.9%	-3.4%	1.2%	1.0%	-0.1%	4.4%	10.3%	6.2%
Free cash flow yield	10.6%	3.0%	-4.5%	0.1%	-0.2%	-0.8%	10.9%	4.5%
Earnings yield	-10.5%	-2.1%	0.7%	0.6%	-0.0%	0.7%	3.4%	6.3%
Enterprise value	€132.2M	€221.7M	€246.7M	€227.5M	€468.7M	€705.3M	€359.8M	€126.1M
Net debt / EBITDA	-1.12×	0.51×	0.23×	-0.62×	-1.31×	-1.08×	-1.01×	-0.07×
Cash conversion cycle (days)	100	166	311	273	375	209	123	247