Nynomic AG (M7U.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

-45.7%

€12.48

vs €23.00 price

Levered DCF

€11.03

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.67

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	-89.45×	-179.59×	21.63×	26.94×	30.66×	43.98×	20.63×	13.04×
P/B	0.67×	1.18×	2.03×	2.84×	3.85×	4.01×	2.9×	4.31×
P/S	0.7×	1.13×	1.7×	1.72×	2.28×	2.46×	1.4×	1.32×
EV / EBITDA	12.96×	9.64×	9.95×	10.71×	14.55×	18.36×	11.62×	7.61×
Gross margin	12.7%	65.5%	24.3%	58.8%	57.9%	62.1%	63.4%	64.8%
Operating margin	-0.8%	7.2%	12.0%	12.9%	12.4%	10.1%	9.9%	15.1%
Net margin	-0.8%	-0.6%	7.9%	6.4%	7.5%	5.6%	6.8%	10.2%
Current ratio	2.87×	2.96×	2.6×	1.98×	2.38×	2.71×	1.72×	17.7×
Debt / equity	0.19×	0.19×	0.25×	0.45×	0.55×	0.82×	0.98×	1.01×
Interest coverage	-1.13×	7.77×	13.2×	20.33×	19.96×	11.56×	9.17×	31.4×
Dividend yield	1.1%	0.7%	1.0%	0.2%	0.3%	0.3%	0.8%	1.9%
Payout ratio	-100.6%	-127.7%	22.1%	5.8%	9.4%	14.2%	16.9%	24.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.7%	-0.7%	9.4%	10.6%	12.6%	9.1%	14.1%	33.1%
Return on invested capital	0.2%	3.7%	8.0%	9.6%	9.8%	6.2%	7.5%	12.9%
Return on assets	-0.5%	-0.5%	6.1%	5.4%	6.5%	4.2%	5.6%	11.5%
Free cash flow yield	8.9%	3.4%	-2.8%	3.5%	6.8%	2.3%	1.6%	0.5%
Earnings yield	-1.1%	-0.6%	4.6%	3.7%	3.3%	2.3%	4.9%	7.7%
Enterprise value	€68M	€118.1M	€203.8M	€205.4M	€247.7M	€210.3M	€111.2M	€98.2M
Net debt / EBITDA	0.64×	0.22×	0.15×	0.26×	0.45×	1.51×	2.11×	0.75×
Cash conversion cycle (days)	181	340	151	176	154	189	176	186