MONETA Money Bank, a.s. (MONET.PR) 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

+167.1%

CZK 509.07

vs CZK 190.60 price

Levered DCF

CZK 1,348.08

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.32

Distress zone

Rating

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	15.2×	10.89×	9.2×	7.49×	12.02×	13.36×	10.81×	8.82×
P/B	3.16×	1.98×	1.49×	1.25×	1.62×	1.28×	1.78×	1.47×
P/S	4.05×	4.9×	1.87×	2.11×	3.94×	2.58×	3.78×	3.62×
EV / EBITDA	11.67×	9.02×	6.94×	4.97×	7.51×	8.92×	7.24×	5.65×
Gross margin	57.3%	100.0%	47.7%	65.7%	91.4%	89.4%	91.2%	96.0%
Operating margin	31.3%	55.7%	23.9%	34.9%	40.6%	22.4%	43.3%	49.2%
Net margin	26.7%	45.0%	20.3%	28.2%	32.8%	19.3%	35.0%	41.0%
Current ratio	0.05×	0.03×	18.76×	0.04×	47.99×	29.7×	27.03×	17.46×
Debt / equity	0.79×	0.75×	0.45×	0.42×	0.35×	0.39×	0.27×	0.12×
Interest coverage	0.77×	0.54×	0.46×	1.02×	4.75×	2.1×	4.94×	12.25×
Dividend yield	7.2%	9.7%	8.5%	13.2%	3.2%	0.0%	11.1%	11.0%
Payout ratio	110.0%	105.6%	78.6%	98.5%	38.5%	0.0%	120.2%	97.3%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	20.8%	18.2%	16.1%	16.7%	13.5%	9.6%	16.5%	16.6%
Return on invested capital	9.9%	9.6%	4.1%	-2.0%	5.8%	5.1%	10.4%	13.1%
Return on assets	1.3%	1.2%	1.1%	1.3%	1.2%	0.9%	1.8%	2.0%
Free cash flow yield	8.5%	38.7%	156.5%	92.6%	26.3%	5.1%	-7.1%	-16.6%
Earnings yield	6.6%	9.2%	10.9%	13.4%	8.3%	7.5%	9.3%	11.3%
Enterprise value	CZK 102.7B	CZK 72.4B	CZK 51B	CZK 38.2B	CZK 46B	CZK 36.9B	CZK 43.1B	CZK 31.9B
Net debt / EBITDA	0.44×	1.14×	0.42×	-0.08×	-0.31×	0.53×	-0.06×	-0.91×
Cash conversion cycle (days)	-10	18,819	1	-6	-79	-59	-85	-423