Search companies

Find a company by ticker or name

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
-43.3%
€410.90
vs €725.00 price
Levered DCF
€360.45
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
6.65
Safe zone
Rating
C
Overall 2 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E16.38×12×6.67×10.48×15.42×24.36×15.44×15.51×
P/B1.16×1.32×0.98×1.08×0.99×1.94×1.3×1.4×
P/S3.59×3.35×2.05×2.16×2.31×4.77×3.39×3.24×
EV / EBITDA10.05×31.14×11.61×177.21×18.16×55.17×33.46×31.06×
Gross margin9.1%10.0%15.0%3.8%3.6%8.2%11.1%12.9%
Operating margin2.8%4.7%9.3%-2.1%4.6%3.1%5.8%7.5%
Net margin21.9%27.9%30.7%20.6%15.0%19.6%22.0%20.9%
Current ratio3.85×4.52×4.27×3.82×3.25×5.73×2.2×0.96×
Debt / equity0.01×0×0.01×0.01×0×0×0×0.02×
Interest coverage36.16×134.63×253.25×0×51.27×66.68×79.95×23.58×
Dividend yield0.5%0.4%0.7%0.0%0.0%5.3%0.9%1.0%
Payout ratio7.6%5.2%4.4%0.0%0.0%129.4%14.2%15.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity7.1%11.0%14.7%10.3%6.4%7.9%8.4%9.1%
Return on invested capital0.8%1.7%3.9%-1.0%1.8%1.1%1.4%2.8%
Return on assets6.3%9.9%13.0%8.9%5.3%7.1%7.6%7.9%
Free cash flow yield5.9%2.9%2.8%-4.5%-1.1%21.0%6.6%-0.3%
Earnings yield6.1%8.3%15.0%9.5%6.5%4.1%6.5%6.4%
Enterprise value€317.5M€365.2M€229.5M€223.5M€160.1M€345.4M€280.5M€302.2M
Net debt / EBITDA-3.22×-6.71×-3.45×-48.95×-8.61×-12.57×-1.45×0.48×
Cash conversion cycle (days)-2936628364425925