OPmobility (OPM.PA) 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

+681.5%

€71.27

vs €9.12 price

Levered DCF

€43.25

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.44

Distress zone

Rating

A-

Overall 4 / 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	12.28×	8.5×	10.79×	11.71×	26.28×	-16.41×	14.07×	5.45×
P/B	1.08×	0.7×	0.9×	1.04×	1.68×	2.2×	1.62×	1.42×
P/S	0.22×	0.14×	0.17×	0.23×	0.46×	0.58×	0.43×	0.41×
EV / EBITDA	3.99×	4.07×	4.5×	5.08×	6.5×	20.19×	5.09×	3.84×
Gross margin	9.4%	10.9%	11.0%	8.7%	8.5%	6.0%	9.6%	12.6%
Operating margin	4.2%	4.2%	3.8%	4.3%	3.5%	1.1%	5.3%	7.7%
Net margin	1.8%	1.6%	1.6%	2.0%	1.7%	-3.6%	3.0%	7.5%
Current ratio	0.83×	0.7×	0.69×	0.77×	0.94×	0.95×	0.94×	1.07×
Debt / equity	1.06×	1.15×	1.18×	1.24×	0.93×	0.89×	0.9×	0.85×
Interest coverage	3.7×	27.5×	4.19×	6.12×	6.1×	1.38×	5.82×	8.96×
Dividend yield	1.4%	6.6%	1.9%	1.2%	1.3%	1.0%	2.9%	3.3%
Payout ratio	16.8%	55.9%	20.9%	14.6%	33.9%	-17.0%	41.3%	18.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.7%	8.3%	8.4%	8.9%	6.4%	-13.4%	11.5%	26.1%
Return on invested capital	7.0%	6.7%	6.4%	6.1%	4.0%	1.8%	7.4%	10.8%
Return on assets	2.4%	2.2%	2.2%	2.3%	2.0%	-4.0%	3.6%	8.0%
Free cash flow yield	19.9%	13.5%	8.2%	3.4%	7.2%	1.2%	5.4%	4.6%
Earnings yield	8.1%	11.8%	9.3%	8.5%	3.8%	-6.1%	7.1%	18.3%
Enterprise value	€3.8B	€3.1B	€3.4B	€3.7B	€4.3B	€4.9B	€4.5B	€3.8B
Net debt / EBITDA	1.59×	2.19×	2.18×	2.41×	1.44×	3.42×	0.99×	0.85×
Cash conversion cycle (days)	27	10	10	29	14	13	20	-37