Oriola Oyj (ORIOLA.HE) 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

+480.1%

€4.52

vs €0.78 price

Levered DCF

€5.94

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.74

Distress 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	-7.67×	-8.09×	-9.91×	11.6×	32.26×	30.5×	46.03×	34.62×
P/B	2.1×	1.21×	1.15×	1.4×	1.68×	2.03×	2.34×	2.06×
P/S	0.11×	0.1×	0.13×	0.21×	0.25×	0.19×	0.21×	0.24×
EV / EBITDA	6.72×	-177.22×	5.9×	7.13×	15.36×	7.32×	8.31×	8.74×
Gross margin	3.6%	9.6%	2.6%	12.1%	12.9%	20.1%	20.7%	22.3%
Operating margin	0.4%	0.8%	0.9%	7.8%	0.7%	1.9%	1.7%	9.8%
Net margin	-1.4%	-1.2%	-1.4%	-0.2%	0.8%	0.6%	0.5%	0.7%
Current ratio	0.83×	0.82×	0.79×	0.84×	0.77×	0.75×	0.73×	0.74×
Debt / equity	0.69×	0.57×	0.69×	0.55×	0.97×	1.64×	1.13×	0.65×
Interest coverage	0.99×	3.14×	1.47×	23.06×	2.2×	5.15×	5.52×	45.88×
Dividend yield	6.0%	7.9%	5.5%	2.3%	1.5%	4.7%	4.4%	4.4%
Payout ratio	-46.7%	-63.2%	-52.7%	-304.2%	47.8%	144.2%	203.8%	150.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-27.0%	-15.1%	-12.1%	-1.1%	5.2%	6.7%	5.1%	6.0%
Return on invested capital	3.9%	6.0%	4.4%	22.7%	1.7%	5.5%	6.2%	30.4%
Return on assets	-2.9%	-2.3%	-2.2%	-0.2%	1.0%	1.0%	0.8%	1.2%
Free cash flow yield	26.8%	22.2%	3.1%	22.0%	4.6%	9.1%	17.2%	21.9%
Earnings yield	-12.8%	-12.4%	-10.5%	-0.8%	3.1%	3.3%	2.2%	2.9%
Enterprise value	€129.7M	€124.1M	€177.1M	€280.2M	€465.3M	€454.6M	€474.5M	€424.9M
Net debt / EBITDA	-4.26×	53.43×	-0.69×	-0.9×	3.33×	1.77×	1.86×	1.06×
Cash conversion cycle (days)	-46	-52	-47	-56	-54	-55	-60	-57