Orrön Energy AB (publ) (ORRON.ST) 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

-30.1%

SEK 5.74

vs SEK 8.21 price

Levered DCF

SEK 3.50

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.58

Distress zone

Rating

Overall 3 / 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	-5.33×	-13.64×	-26.38×	21.45×	20.53×	24.49×	12.98×	40.1×
P/B	0.44×	0.54×	0.6×	1.63×	-7.16×	-4.33×	-6.69×	-22.63×
P/S	4.84×	7.12×	7.54×	41.44×	0×	3.02×	4.71×	3.42×
EV / EBITDA	-40.79×	166.37×	-126.98×	119.04×	16.48×	24.02×	8.24×	6.57×
Gross margin	-15.9%	100.0%	56.6%	74.6%	0.0%	56.3%	53.4%	56.1%
Operating margin	-77.9%	-68.1%	-60.7%	7.2%	0.0%	-0.6%	60.3%	53.0%
Net margin	-91.0%	-52.1%	-28.6%	93118.8%	0.0%	12.3%	36.3%	8.9%
Current ratio	5.21×	3.32×	2.68×	0.88×	0.83×	0.52×	0.6×	1.16×
Debt / equity	0.33×	0.25×	0.33×	0.08×	0×	-2.26×	-2.49×	-8.49×
Interest coverage	-3.88×	-3.57×	-3.54×	1.53×	-92.5×	-146.79×	7.62×	9.53×
Dividend yield	0.0%	0.0%	7.0%	45.3%	4.0%	3.4%	3.3%	1.8%
Payout ratio	0.0%	0.0%	-185.3%	2.0%	81.4%	82.8%	43.1%	67.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-8.3%	-4.0%	-2.3%	3672.3%	-34.8%	-17.7%	-51.6%	-58.8%
Return on invested capital	-4.6%	-2.8%	-1.4%	0.2%	-40.0%	-0.3%	12.4%	4.3%
Return on assets	-5.9%	-3.0%	-1.6%	2864.3%	6.2%	4.7%	13.4%	3.9%
Free cash flow yield	-6.9%	-3.4%	7.3%	229.4%	17.1%	7.9%	3.0%	7.5%
Earnings yield	-18.8%	-7.3%	-3.8%	2247.3%	4.9%	4.1%	7.7%	2.6%
Enterprise value	SEK 232.8M	SEK 249.6M	SEK 304.7M	SEK 614.4M	SEK 10B	SEK 11.6B	SEK 14.6B	SEK 11.9B
Net debt / EBITDA	-15.81×	44.4×	-39.04×	0.41×	-0.21×	8.12×	2.2×	1.77×
Cash conversion cycle (days)	-96	-98	-57	-119	-201	48	59	26