Profoto Holding AB (publ) (PRFO.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

+587.5%

SEK 42.90

vs SEK 6.24 price

Levered DCF

SEK 31.55

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.14

Grey 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	-18.51×	13.97×	20.1×	19.13×	26.53×	-186.67×	18.96×	22.7×
P/B	1.21×	4.74×	7.88×	9.49×	12.66×	10.06×	9.68×	16.8×
P/S	0.68×	2.41×	3.96×	4.38×	5.73×	6.36×	4.03×	4.95×
EV / EBITDA	5.7×	8.75×	10.96×	11.47×	15.14×	45.15×	12.85×	16.58×
Gross margin	78.1%	83.0%	80.2%	73.0%	71.3%	60.8%	72.5%	70.8%
Operating margin	-1.0%	22.8%	25.9%	29.2%	28.8%	-3.2%	26.7%	27.0%
Net margin	-3.7%	17.2%	19.7%	22.9%	21.6%	-3.4%	21.2%	21.8%
Current ratio	1.7×	0.97×	1.43×	1.64×	2.68×	1.99×	1.9×	1.33×
Debt / equity	0.66×	0.69×	0.31×	0.31×	0.22×	0.3×	0.24×	0.01×
Interest coverage	-0.3×	13.92×	29.14×	49.6×	105.5×	-5.67×	111×	183×
Dividend yield	19.0%	8.5%	5.1%	3.8%	3.7%	0.0%	0.0%	0.0%
Payout ratio	-347.8%	119.0%	103.2%	72.2%	98.7%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-6.6%	34.0%	39.1%	49.6%	47.7%	-5.4%	51.0%	74.0%
Return on invested capital	-0.9%	17.7%	25.2%	31.2%	34.4%	-3.1%	35.2%	65.9%
Return on assets	-2.9%	14.4%	19.4%	24.2%	27.0%	-2.7%	25.4%	31.2%
Free cash flow yield	12.1%	-2.0%	3.8%	5.0%	5.0%	3.7%	3.8%	1.9%
Earnings yield	-5.5%	7.2%	5.0%	5.2%	3.8%	-0.5%	5.3%	4.4%
Enterprise value	SEK 604M	SEK 2B	SEK 3.1B	SEK 3.7B	SEK 4.1B	SEK 3.2B	SEK 3.4B	SEK 3.3B
Net debt / EBITDA	1.72×	1.04×	0.09×	-0.09×	-0.5×	-2.17×	0.12×	-0.22×
Cash conversion cycle (days)	319	398	282	182	127	133	264	96