MVV Energie AG (MVV1.DE) 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

+596.6%

€211.08

vs €30.30 price

Levered DCF

€258.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.49

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	FY2018
P/E	15.98×	11.29×	1.95×	-6.5×	10.6×	18.31×	37.86×	13.4×
P/B	0.88×	0.95×	0.95×	1.1×	1.52×	1.3×	1.32×	1.26×
P/S	0.34×	0.33×	0.31×	0.32×	0.5×	0.5×	0.47×	0.44×
EV / EBITDA	5.78×	4.85×	2.26×	7.28×	3.68×	7.4×	8.76×	6.36×
Gross margin	21.9%	7.1%	17.6%	-0.5%	22.8%	27.8%	24.4%	22.2%
Operating margin	5.1%	3.6%	2.2%	-3.4%	4.0%	6.6%	4.4%	6.5%
Net margin	2.1%	2.9%	15.8%	-4.9%	4.7%	2.7%	1.2%	3.3%
Current ratio	1.22×	1.2×	1.18×	1.06×	1.02×	1.12×	1.15×	1.03×
Debt / equity	0.73×	0.78×	0.83×	1.12×	1.36×	1.3×	1.26×	1×
Interest coverage	5.8×	3.74×	2.44×	-3.5×	3.35×	4.66×	3.13×	4.99×
Dividend yield	4.1%	4.6%	3.4%	3.6%	3.0%	3.5%	3.4%	3.4%
Payout ratio	66.1%	52.2%	6.6%	-23.7%	31.5%	63.2%	129.0%	45.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.5%	8.4%	48.5%	-17.0%	14.3%	7.1%	3.5%	9.4%
Return on invested capital	4.3%	3.1%	2.0%	32.1%	2.2%	4.1%	2.9%	4.3%
Return on assets	1.9%	2.3%	10.9%	-1.2%	1.3%	1.9%	1.0%	2.5%
Free cash flow yield	-0.2%	4.1%	-45.7%	34.8%	43.5%	5.4%	-1.7%	3.6%
Earnings yield	6.3%	8.8%	51.2%	-15.4%	9.4%	5.5%	2.6%	7.5%
Enterprise value	€3.1B	€3B	€2.9B	€1.9B	€2.7B	€3.1B	€3.1B	€2.8B
Net debt / EBITDA	2.11×	1.5×	0.65×	0.12×	0.84×	3.29×	3.75×	2.43×
Cash conversion cycle (days)	27	31	20	25	21	21	19	12