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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
-3090.2%
-€83.73
vs €2.80 price
Levered DCF
-€1.49
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 ×.

MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
P/E0×0×-14.17×-3.65×47.74×-69.53×0×0×
P/B0×0×13.7×25.1×4.36×6.62×0×0×
P/S0×0×0.39×0.3×0.58×0.95×0×0×
EV / EBITDA-1.83×-1.82×-53.96×-12.47×46.63×109.63×-2.14×0×
Gross margin73.3%77.8%80.2%81.6%77.6%100.0%100.0%100.0%
Operating margin-11.9%-7.9%-2.9%-4.9%1.2%0.6%-24.7%3.7%
Net margin-14.9%-5.7%-2.8%-8.3%1.2%-1.4%-51.8%2.7%
Current ratio0.68×0.72×0.7×0.7×0.94×0.95×1.4×0×
Debt / equity-1.33×-6.68×1.92×18.77×2.83×3.62×3.3×0×
Interest coverage-242.28×-92.03×-19.77×-12.71×1.82×0.41×-30.95×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Return on equity87.2%282.4%-98.0%-682.0%9.1%-9.5%-324.7%0.0%
Return on invested capital-128.1%-60.8%-27.0%-17.2%2.0%0.9%-28.5%0.0%
Return on assets-17.0%-7.1%-4.2%-7.7%0.8%-0.9%-35.7%0.0%
Free cash flow yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Earnings yield0.0%0.0%-7.2%-27.2%2.1%-1.4%0.0%0.0%
Enterprise value€1.8M€1.3M€4.7M€3.1M€4.1M€5.5M€1.8M€0
Net debt / EBITDA-1.83×-1.82×-5.88×-4.44×15.59×37.59×-2.14×0×
Cash conversion cycle (days)146676032382982740