OPTeam Spólka Akcyjna (OPM.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

-251.9%

-PLN 8.89

vs PLN 5.85 price

Levered DCF

-PLN 6.21

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.4

Safe 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	7.9×	-2.56×	-8.86×	-55.08×	32.05×	0.47×	38.27×	27.22×
P/B	0.71×	0.85×	1.07×	1.18×	1.72×	0.73×	2.35×	1.31×
P/S	0.24×	0.37×	0.48×	0.63×	1.3×	2.01×	1.22×	0.57×
EV / EBITDA	1.09×	-3.81×	57.35×	24.32×	16.91×	0.33×	23.02×	8.95×
Gross margin	27.7%	17.9%	25.5%	20.3%	24.1%	26.0%	16.3%	15.2%
Operating margin	2.2%	-15.6%	-4.9%	-2.4%	3.2%	3.0%	3.7%	-0.3%
Net margin	3.1%	-14.6%	-5.5%	-1.2%	4.1%	424.1%	3.2%	2.1%
Current ratio	1.97×	1.74×	2.01×	2.17×	2.76×	11.39×	1.06×	1.15×
Debt / equity	0×	0×	0×	0.02×	0.03×	0.03×	0.24×	0.16×
Interest coverage	115.89×	-266.02×	-50.12×	-20.94×	16.95×	5.33×	10.73×	-1.35×
Dividend yield	0.0%	0.0%	0.0%	18.4%	96.0%	105.5%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	-1012.0%	3056.1%	49.9%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.0%	-33.2%	-12.1%	-2.1%	5.4%	155.4%	6.2%	4.8%
Return on invested capital	5.6%	-30.2%	-9.5%	-2.9%	3.8%	0.8%	4.2%	-0.4%
Return on assets	5.1%	-19.6%	-7.6%	-1.4%	3.6%	135.7%	3.2%	2.6%
Free cash flow yield	36.1%	-45.9%	7.0%	-15.4%	-2.5%	-45.9%	3.2%	-1.0%
Earnings yield	12.7%	-39.1%	-11.4%	-1.8%	3.1%	211.5%	2.6%	3.7%
Enterprise value	PLN 7.9M	PLN 18.8M	PLN 25.8M	PLN 51.2M	PLN 95.3M	PLN 96.4M	PLN 79.2M	PLN 42.2M
Net debt / EBITDA	-2.23×	1.51×	-40.41×	-1.51×	-0.54×	-0.05×	1.92×	0.91×
Cash conversion cycle (days)	47	43	21	46	34	55	45	41