Planisware (PLNW.PA) 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

-56.1%

€11.19

vs €25.45 price

Levered DCF

€17.47

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

10.24

Safe zone

Rating

Overall 4 / 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
P/E	33.24×	46.1×	32.93×	44.64×	51.51×	69.28×	0×
P/B	7.75×	10.1×	8.48×	11.01×	12.97×	15.98×	0×
P/S	8.37×	10.74×	8.88×	10.61×	13.02×	15.24×	0×
EV / EBITDA	31.31×	48.94×	22.82×	30.74×	35.83×	49.22×	0×
Gross margin	73.8%	72.7%	71.2%	64.1%	66.0%	67.1%	0.0%
Operating margin	19.4%	16.1%	27.4%	25.4%	28.3%	29.2%	0.0%
Net margin	25.3%	23.3%	26.7%	23.9%	25.2%	21.9%	0.0%
Current ratio	2.79×	2.75×	2.66×	2.57×	2.57×	2.69×	3.04×
Debt / equity	0.08×	0.09×	0.09×	0.12×	0.07×	0.1×	0.14×
Interest coverage	0×	0×	148.46×	69.67×	77.66×	87.11×	0×
Dividend yield	1.3%	1.1%	1.1%	0.9%	0.7%	0.6%	0.0%
Payout ratio	43.5%	48.8%	37.6%	42.0%	37.6%	43.8%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	23.4%	21.9%	25.5%	24.8%	25.1%	22.9%	0.0%
Return on invested capital	13.4%	11.4%	20.2%	19.7%	21.1%	22.4%	0.0%
Return on assets	15.2%	14.2%	16.4%	15.0%	15.6%	14.3%	0.0%
Free cash flow yield	3.8%	2.7%	3.1%	2.1%	2.2%	2.2%	0.0%
Earnings yield	3.0%	2.2%	3.0%	2.3%	1.9%	1.4%	0.0%
Enterprise value	€1.5B	€1.8B	€1.3B	€1.3B	€1.3B	€1.3B	-€57.5M
Net debt / EBITDA	-3.77×	-4.3×	-2.31×	-2.25×	-2.33×	-2.86×	0×
Cash conversion cycle (days)	92	93	91	103	83	89	0