Linz Textil Holding AG (LTH.VI) 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

+60.7%

€257.10

vs €160.00 price

Levered DCF

€241.19

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.18

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	72×	29.77×	11.53×	22.22×	31.03×	30.71×	6.94×	21.18×
P/B	0.96×	1.08×	0.69×	0.97×	1.16×	0.96×	1.03×	1.24×
P/S	1.08×	1.14×	0.71×	0.73×	0.99×	0.89×	0.91×	0.85×
EV / EBITDA	-40.42×	9.29×	3.92×	7.94×	10.17×	8.7×	3.18×	5.97×
Gross margin	13.4%	13.1%	38.4%	38.5%	43.4%	44.8%	41.9%	38.7%
Operating margin	-7.6%	-5.7%	-6.9%	-1.0%	0.5%	-0.5%	1.2%	-2.4%
Net margin	1.5%	3.8%	6.2%	3.3%	3.2%	2.9%	13.1%	4.0%
Current ratio	4.58×	5.5×	5.7×	2.67×	4.25×	7.27×	10.2×	4.23×
Debt / equity	0.01×	0.01×	0×	0.1×	0×	0.01×	0.01×	0.02×
Interest coverage	-133.82×	0×	-53.01×	-7.51×	18.22×	-11.35×	9.19×	-14.86×
Dividend yield	1.7%	8.0%	4.0%	11.7%	2.6%	7.2%	1.4%	11.9%
Payout ratio	122.9%	238.6%	45.9%	259.3%	81.1%	221.1%	9.9%	252.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.3%	3.6%	6.0%	4.3%	3.7%	3.1%	14.9%	5.9%
Return on invested capital	-4.6%	-4.1%	-4.8%	-0.9%	0.5%	-0.4%	1.0%	-2.1%
Return on assets	1.1%	3.1%	5.2%	3.5%	3.1%	2.7%	13.1%	4.4%
Free cash flow yield	10.3%	4.7%	14.9%	1.8%	0.9%	2.6%	-5.2%	1.8%
Earnings yield	1.4%	3.4%	8.7%	4.5%	3.2%	3.3%	14.4%	4.7%
Enterprise value	€59.6M	€73.9M	€44.9M	€77.5M	€91.7M	€73.7M	€81M	€88.6M
Net debt / EBITDA	7.21×	-0.59×	-0.69×	0.56×	-0.01×	-0.15×	-0.12×	0.03×
Cash conversion cycle (days)	134	150	170	178	195	181	178	145