Duro Felguera, S.A. (MDF.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

-1683.0%

-€3.40

vs €0.21 price

Levered DCF

-€13.45

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-1.81

Distress zone

Rating

C+

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
P/E	-0.52×	-0.5×	-2.86×	16.25×	3.98×	-0.35×	12.57×
P/B	-0.11×	-0.18×	-0.4×	-0.53×	-0.66×	-0.4×	0×
P/S	0.23×	0.17×	0.22×	0.65×	1.08×	0.45×	0.05×
EV / EBITDA	-6.23×	-1.94×	-2.18×	-60.03×	1.6×	-0.8×	1.32×
Gross margin	8.6%	34.0%	42.5%	62.0%	70.0%	51.1%	33.8%
Operating margin	-31.7%	-33.4%	-23.4%	-5.7%	-19.9%	-108.4%	-0.6%
Net margin	-44.1%	-34.4%	-7.8%	4.3%	26.8%	-128.9%	0.4%
Current ratio	0.18×	0.44×	0.69×	0.8×	0.88×	0.46×	0×
Debt / equity	-0.86×	-0.51×	-0.45×	-0.24×	-0.31×	-0.61×	0×
Interest coverage	-2.24×	-8.24×	-10.1×	-1.5×	-3.81×	-53.09×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	21.0%	36.4%	14.0%	-3.5%	-16.3%	116.5%	0.0%
Return on invested capital	148.8%	76.7%	86.2%	-23.3%	-36.4%	349.3%	-415.1%
Return on assets	-52.7%	-45.6%	-6.7%	2.1%	7.7%	-69.6%	0.0%
Free cash flow yield	-62.3%	-158.6%	-43.4%	-81.2%	-71.3%	-114.8%	-1.8%
Earnings yield	-193.9%	-201.8%	-34.7%	6.6%	24.7%	-289.3%	8.0%
Enterprise value	€310.9M	€161.7M	€23M	€87M	€46.5M	€126.1M	€17.4M
Net debt / EBITDA	-5.5×	-1.35×	3.78×	-7.82×	-1.54×	-0.42×	0×
Cash conversion cycle (days)	-45	-48	-80	-277	-1,187	-473	-135