NanoGroup S.A. (NNG.WA) 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

-79.2%

PLN 0.47

vs PLN 2.28 price

Levered DCF

PLN 0.47

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

73.43

Safe zone

Rating

C-

Overall 1 / 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	-9.14×	-18.13×	-2.38×	-24.83×	-5.98×	-14.13×	-13.45×	-13.56×
P/B	10.01×	6.04×	4.17×	2.94×	7.77×	4.16×	1.68×	2.23×
P/S	0×	43,680.7×	9,237.47×	149.3×	122.08×	106.7×	58.71×	286.94×
EV / EBITDA	-6.95×	-16.18×	-2.3×	-25.7×	-5.31×	-12.59×	-15.25×	-10.26×
Gross margin	0.0%	-2117.1%	-3913.7%	31.4%	62.3%	95.5%	94.8%	76.8%
Operating margin	0.0%	-246564.3%	-391377.2%	-560.5%	-2149.6%	-474.8%	-485.8%	-2181.0%
Net margin	0.0%	-246079.2%	-390778.6%	-600.9%	-2031.6%	-754.8%	-437.0%	-2125.9%
Current ratio	0.79×	11.78×	0.56×	2.06×	1.13×	14.22×	4.31×	8.66×
Debt / equity	0×	0×	0×	0.02×	0.04×	0.03×	0.05×	0×
Interest coverage	0×	-4,750.32×	-15,343.51×	-573×	-202.85×	-102.65×	-33.26×	-124.43×
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	-108.7%	-34.0%	-176.2%	-11.8%	-129.4%	-29.4%	-12.5%	-16.5%
Return on invested capital	-52.0%	-27.1%	-110.6%	-4.3%	-66.3%	-11.0%	-6.6%	-9.1%
Return on assets	-23.3%	-25.9%	-91.4%	-4.4%	-49.3%	-17.3%	-5.8%	-8.7%
Free cash flow yield	-11.5%	-6.4%	-25.9%	-21.6%	-11.8%	-4.8%	-21.3%	-29.5%
Earnings yield	-10.9%	-5.6%	-42.3%	-4.0%	-16.6%	-7.1%	-7.4%	-7.4%
Enterprise value	PLN 71.5M	PLN 83.9M	PLN 18.1M	PLN 18.5M	PLN 56.4M	PLN 63.6M	PLN 19.4M	PLN 27.1M
Net debt / EBITDA	1.5×	1.51×	0.07×	3.24×	0.35×	1.92×	1×	1.71×
Cash conversion cycle (days)	-1,629	35,157	9,877	-150	259	-1,239	-1,488	-1,171