Montebalito, S.A. (MTB.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

-87.9%

€0.23

vs €1.90 price

Levered DCF

-€0.46

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.28

Distress zone

Rating

B+

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	15.55×	33×	48.67×	10.38×	14.9×	-7.95×	-3.6×	-20.57×
P/B	0.7×	0.59×	0.7×	0.57×	0.65×	0.69×	0.63×	0.44×
P/S	7.62×	5.07×	3.27×	3.25×	3.64×	4.63×	4.51×	6.68×
EV / EBITDA	15.19×	22.39×	36.8×	-40.29×	13.81×	-13.99×	-4.17×	-33.81×
Gross margin	107.7%	51.1%	36.5%	21.5%	39.5%	41.5%	-71.5%	46.3%
Operating margin	71.7%	28.1%	12.7%	-11.1%	16.0%	4.9%	-130.4%	-8.8%
Net margin	49.0%	15.4%	6.7%	31.0%	24.8%	-58.1%	-124.4%	-32.5%
Current ratio	1.19×	11.08×	10.22×	9.53×	5.91×	7.03×	7.85×	6.68×
Debt / equity	0.25×	0.22×	0.18×	0.24×	0.28×	0.26×	0.13×	0.2×
Interest coverage	6.6×	3.69×	3.04×	-2.28×	4.15×	0.88×	-19.26×	-0.55×
Dividend yield	0.0%	0.0%	0.0%	4.0%	1.3%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	41.4%	19.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.5%	1.8%	1.4%	5.4%	4.4%	-8.6%	-17.4%	-2.2%
Return on invested capital	4.2%	1.8%	1.4%	-1.4%	1.7%	0.6%	-14.2%	-0.4%
Return on assets	3.3%	1.3%	1.1%	4.0%	2.9%	-6.3%	-13.4%	-1.7%
Free cash flow yield	-1.0%	-6.3%	15.6%	1.7%	-0.7%	3.9%	-2.7%	-11.6%
Earnings yield	6.4%	3.0%	2.1%	9.5%	6.8%	-12.5%	-27.6%	-4.9%
Enterprise value	€73.6M	€61.2M	€63.6M	€60.3M	€64.2M	€61M	€56.9M	€53.6M
Net debt / EBITDA	3.79×	5.74×	6.34×	-11.44×	3.55×	-2.9×	-0.54×	-7.7×
Cash conversion cycle (days)	138	4,686	2,059	2,381	3,136	3,283	1,221	7,954