Novatech Industries (MLNOV.PA) 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

-977.8%

-€103.58

vs €11.80 price

Levered DCF

€115.64

After debt service

Piotroski score

—

Altman Z-score

—

Rating

—

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	-18.03×	35.07×	4×	-11.15×	2.97×	95.73×	376.17×	-3.43×
P/B	2.13×	1×	0.8×	0.6×	0.7×	1.08×	0.95×	1.15×
P/S	0.29×	0.17×	0.13×	0.1×	0.13×	0.16×	0.14×	0.2×
EV / EBITDA	19.42×	4.15×	2.08×	12.08×	3.05×	7.58×	9.83×	-9×
Gross margin	36.4%	34.0%	26.0%	24.9%	31.7%	29.6%	4.0%	29.3%
Operating margin	-1.4%	1.0%	5.0%	-0.9%	3.9%	1.2%	0.4%	-5.2%
Net margin	-1.6%	0.5%	3.2%	-0.9%	4.4%	0.2%	0.0%	-5.8%
Current ratio	3.02×	1.21×	3.01×	3×	2.9×	3.04×	1.56×	1.84×
Debt / equity	0.23×	0.34×	0.47×	0.87×	1.05×	1.64×	0.88×	1.17×
Interest coverage	0×	2.44×	9.9×	-2.5×	12.07×	5.77×	1.19×	-12.43×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-11.8%	2.8%	19.9%	-5.4%	23.6%	1.1%	0.3%	-33.5%
Return on invested capital	-2.7%	3.8%	6.6%	-1.2%	7.4%	1.9%	-0.9%	-11.5%
Return on assets	-2.2%	0.5%	3.7%	-0.9%	5.8%	0.2%	0.1%	-7.6%
Free cash flow yield	24.5%	28.5%	13.4%	-2.9%	4.7%	-0.6%	18.5%	-39.9%
Earnings yield	-5.6%	2.8%	25.0%	-9.0%	33.8%	1.0%	0.3%	-29.1%
Enterprise value	€15M	€8.5M	€9.8M	€7.2M	€9.2M	€11.3M	€9.7M	€11.7M
Net debt / EBITDA	-11.21×	-1.22×	0.15×	3×	0.71×	1.93×	2.9×	-3.44×
Cash conversion cycle (days)	143	245	210	206	113	79	87	100