Precomp Solutions AB (publ) (PCOM-B.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

-165.2%

-SEK 0.71

vs SEK 1.09 price

Levered DCF

-SEK 4.33

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.09

Grey zone

Rating

B-

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	16.58×	-48.29×	-2.38×	-3.38×	12.52×	-6.83×	-7.27×	-3.58×
P/B	0.99×	0.88×	0.71×	1.85×	3×	1.16×	1.86×	1.5×
P/S	0.12×	0.1×	0.07×	0.15×	0.42×	0.17×	0.16×	0.13×
EV / EBITDA	9.31×	4.94×	21.35×	-20.38×	6.94×	10.12×	25.7×	-104.5×
Gross margin	1.7%	42.3%	38.3%	3.3%	11.1%	5.0%	6.4%	5.2%
Operating margin	1.7%	1.7%	-1.1%	-3.3%	4.5%	-0.7%	-0.6%	-2.2%
Net margin	0.7%	-0.2%	-3.2%	-4.6%	3.3%	-2.4%	-2.2%	-3.6%
Current ratio	0.89×	0.61×	0.64×	0.77×	0.94×	0.84×	0.79×	0.88×
Debt / equity	1.81×	0.85×	0.86×	0.96×	0.47×	0.85×	2.98×	2.77×
Interest coverage	1.01×	0.87×	-0.57×	-2.54×	3.71×	-0.39×	-0.36×	-1.56×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.0%	-1.8%	-29.9%	-55.0%	23.7%	-16.9%	-25.5%	-41.6%
Return on invested capital	4.3%	5.7%	-7.0%	-18.1%	19.7%	-2.3%	-1.9%	-6.3%
Return on assets	1.4%	-0.5%	-8.1%	-12.6%	8.0%	-4.2%	-3.7%	-6.3%
Free cash flow yield	-96.5%	6.0%	-12.9%	-14.0%	4.5%	83.1%	-3.8%	0.5%
Earnings yield	6.0%	-2.1%	-42.3%	-29.7%	7.9%	-14.6%	-13.7%	-27.7%
Enterprise value	SEK 62.4M	SEK 37.2M	SEK 34.7M	SEK 50.7M	SEK 94.9M	SEK 39.9M	SEK 72.4M	SEK 67.7M
Net debt / EBITDA	5.91×	2.38×	11.67×	-6.78×	0.89×	4.01×	15.79×	-66.96×
Cash conversion cycle (days)	39	16	17	19	36	56	61	55