Plastika Kritis S.A. (PLAKR.AT) 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

+73.1%

€26.66

vs €15.40 price

Levered DCF

€54.34

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.72

Safe zone

Rating

A+

Overall 5 / 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	11.15×	9.47×	10.27×	11.58×	9.18×	8.91×	10.78×	11.77×
P/B	0.88×	0.91×	1.05×	1.19×	1.44×	1.39×	1.45×	1.32×
P/S	1.02×	1.02×	1.11×	1.06×	1.3×	1.35×	1.32×	1.11×
EV / EBITDA	5.33×	4.73×	5.32×	6.05×	5.73×	4.95×	5.57×	5.61×
Gross margin	24.6%	24.4%	23.9%	23.5%	25.8%	29.0%	25.2%	23.3%
Operating margin	13.3%	14.7%	14.4%	14.5%	17.5%	20.0%	16.1%	14.2%
Net margin	9.1%	10.8%	10.9%	9.1%	14.2%	15.2%	12.2%	9.5%
Current ratio	7.92×	7.37×	7.78×	5.78×	5.3×	6.35×	4.83×	4.18×
Debt / equity	0.02×	0.02×	0.02×	0.04×	0.03×	0.05×	0.08×	0.06×
Interest coverage	70.33×	55.35×	56.49×	68.89×	124.64×	79.22×	59.98×	63×
Dividend yield	3.9%	3.6%	3.0%	0.1%	0.3%	3.0%	2.5%	1.5%
Payout ratio	43.3%	34.3%	31.0%	0.8%	2.8%	26.8%	27.3%	17.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.9%	9.6%	10.2%	10.3%	15.7%	15.6%	13.5%	11.2%
Return on invested capital	7.5%	9.2%	9.8%	11.3%	14.2%	15.1%	12.0%	10.8%
Return on assets	6.7%	8.0%	8.6%	8.3%	12.6%	12.7%	10.4%	8.6%
Free cash flow yield	10.1%	6.3%	7.9%	8.9%	-1.1%	6.4%	8.8%	6.4%
Earnings yield	9.0%	10.6%	9.8%	8.6%	10.9%	11.2%	9.3%	8.5%
Enterprise value	€337.4M	€317.6M	€339.1M	€370.8M	€441.4M	€348.7M	€324M	€266.3M
Net debt / EBITDA	-0.99×	-1.14×	-1.17×	-1.14×	-0.6×	-0.9×	-0.97×	-0.91×
Cash conversion cycle (days)	186	177	173	151	165	153	140	152