Pro Dv AG (PDA0.DE) 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

+174.2%

€5.46

vs €1.99 price

Levered DCF

€3.24

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.39

Grey zone

Rating

—

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	-17.54×	48.24×	30.06×	36.35×	111.93×	132.99×	133.33×	36.9×
P/B	2.62×	3.06×	8.91×	10.52×	16.35×	10.13×	8.16×	6.39×
P/S	0.76×	1.12×	2.54×	2.27×	3.22×	1.86×	1.6×	0.98×
EV / EBITDA	-17.38×	15.86×	20.84×	22.6×	43.07×	37.98×	95.01×	19.27×
Gross margin	16.8%	24.5%	15.6%	12.7%	11.9%	24.4%	16.4%	70.2%
Operating margin	-4.7%	2.0%	8.4%	6.3%	3.1%	1.7%	1.3%	15.5%
Net margin	-4.4%	2.3%	8.5%	6.2%	2.9%	1.4%	1.2%	2.6%
Current ratio	2.03×	2.37×	2.35×	4.79×	2.6×	2.49×	1.47×	1.68×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	-330.29×	24.75×	125.3×	67.41×	17.81×	5.75×	11.26×	161.14×
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	-15.3%	6.3%	29.6%	29.0%	14.6%	7.6%	6.1%	17.3%
Return on invested capital	-13.4%	4.9%	23.4%	21.0%	11.1%	5.6%	5.1%	73.0%
Return on assets	-6.7%	3.4%	14.0%	17.0%	7.6%	3.5%	2.4%	5.1%
Free cash flow yield	0.0%	0.0%	0.0%	2.6%	2.6%	3.0%	0.2%	0.5%
Earnings yield	-5.8%	2.1%	3.3%	2.8%	0.9%	0.8%	0.7%	2.7%
Enterprise value	€2.9M	€3.2M	€10.4M	€8.8M	€10.3M	€5.1M	€4.1M	€2M
Net debt / EBITDA	1.62×	-5.18×	-2.12×	-1.68×	-0.84×	-2.95×	-0.01×	-10.68×
Cash conversion cycle (days)	52	35	42	27	38	6	-0	-50