Value8 N.V. (PREVA.AS) 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

-19.6%

€3.70

vs €4.60 price

Levered DCF

-€1.36

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.27

Distress 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	FY2018
P/E	2.81×	6.57×	7.87×	-19.23×	3.23×	6.89×	16.48×	15.92×
P/B	0.4×	0.45×	0.47×	0.53×	0.62×	0.77×	1.04×	0.94×
P/S	16.57×	8.67×	14.03×	11.69×	14.25×	80.77×	11.97×	5.13×
EV / EBITDA	3.57×	6.78×	8.49×	-22.09×	3.9×	7.01×	12.73×	13.2×
Gross margin	95.5%	79.6%	69.9%	77.3%	78.0%	-10.0%	84.8%	92.8%
Operating margin	628.8%	137.1%	192.0%	-53.6%	454.3%	1167.2%	77.4%	35.0%
Net margin	588.2%	132.6%	177.2%	-60.9%	442.6%	1171.5%	72.5%	32.5%
Current ratio	0.71×	5.1×	3×	5.38×	3.56×	10.6×	28.31×	10.03×
Debt / equity	0.16×	0.05×	0.1×	0.1×	0.16×	0.03×	0.04×	0.01×
Interest coverage	22.19×	18.36×	11.22×	-8.15×	38.76×	167.67×	88.93×	16.35×
Dividend yield	1.5%	2.9%	1.1%	3.3%	1.2%	2.4%	2.0%	16.8%
Payout ratio	4.3%	19.0%	8.5%	-64.0%	3.9%	16.7%	33.3%	264.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.2%	6.9%	6.0%	-2.8%	19.2%	11.2%	6.3%	6.0%
Return on invested capital	12.6%	6.8%	5.9%	-2.2%	17.0%	10.8%	6.4%	6.1%
Return on assets	12.1%	6.5%	5.4%	-2.5%	16.3%	10.7%	6.0%	5.6%
Free cash flow yield	-1.9%	13.6%	-2.8%	8.7%	-20.8%	-24.9%	17.7%	50.4%
Earnings yield	35.5%	15.3%	12.6%	-5.2%	31.0%	14.5%	6.1%	6.3%
Enterprise value	€65.1M	€50.9M	€55.2M	€57.4M	€74M	€60M	€58.7M	€58.4M
Net debt / EBITDA	0.96×	0.56×	1.4×	-3.39×	0.77×	-0.05×	-3.37×	-2.17×
Cash conversion cycle (days)	-110	-77	-40	-65	20,333	-45	14,581	35