Origin Enterprises plc (OIZ.IR) 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

+236.5%

€13.66

vs €4.06 price

Levered DCF

€5.92

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.2

Grey zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	9.43×	7.44×	8.94×	7.11×	6.03×	11.47×	19.81×	11.79×
P/B	0.95×	0.93×	0.89×	0.88×	1.19×	1.2×	1.27×	1.8×
P/S	0.21×	0.19×	0.18×	0.15×	0.2×	0.26×	0.25×	0.35×
EV / EBITDA	4.86×	4.53×	4.38×	3.06×	3.11×	5.57×	7.41×	7.41×
Gross margin	16.4%	16.2%	16.8%	13.6%	15.8%	14.8%	14.4%	15.1%
Operating margin	3.7%	3.5%	3.5%	3.3%	4.9%	3.4%	2.2%	4.1%
Net margin	2.2%	2.5%	2.0%	2.1%	3.4%	2.3%	1.2%	2.9%
Current ratio	1.25×	1.24×	1.16×	1.05×	1.14×	1.18×	1.25×	1.18×
Debt / equity	0.7×	0.73×	0.64×	0.37×	0.49×	0.63×	0.85×	0.54×
Interest coverage	2.93×	3×	3.23×	5.36×	9.46×	6.03×	2.82×	5.49×
Dividend yield	4.2%	4.5%	5.2%	5.0%	2.8%	0.9%	6.7%	4.2%
Payout ratio	39.7%	33.8%	45.9%	35.3%	16.8%	10.3%	134.9%	50.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.0%	12.4%	10.0%	12.4%	19.8%	10.6%	6.4%	15.2%
Return on invested capital	7.4%	7.7%	7.9%	10.0%	14.1%	7.1%	4.7%	10.6%
Return on assets	2.9%	3.6%	2.9%	3.7%	5.3%	2.9%	1.6%	4.0%
Free cash flow yield	10.2%	17.3%	-11.9%	24.5%	21.6%	10.1%	15.0%	5.9%
Earnings yield	10.5%	13.3%	11.2%	14.1%	16.7%	8.8%	5.0%	8.5%
Enterprise value	€591.5M	€534.8M	€492.6M	€362.7M	€484M	€492.6M	€492.1M	€697.2M
Net debt / EBITDA	1.2×	1.18×	1.18×	0.01×	0.03×	0.68×	1.42×	0.8×
Cash conversion cycle (days)	-7	-11	-15	0	12	11	9	16