Prisma Properties AB (publ) (PRISMA.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

+18.9%

SEK 32.82

vs SEK 27.60 price

Levered DCF

-SEK 11.60

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

0.88

Distress zone

Rating

A-

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
P/E	11.97×	95.2×	-34.32×	17.71×	35.19×
P/B	0.86×	0.74×	1.5×	1.6×	5.89×
P/S	7.78×	7.77×	11.73×	22.11×	64.51×
EV / EBITDA	13.88×	24.01×	27.98×	16.9×	29.77×
Gross margin	77.4%	79.1%	82.8%	82.1%	91.7%
Operating margin	69.2%	59.8%	67.9%	58.1%	73.9%
Net margin	64.9%	8.3%	-34.1%	124.5%	183.8%
Current ratio	3.22×	0.81×	0.5×	0.73×	0.28×
Debt / equity	0.95×	0.71×	0.96×	0.91×	0.89×
Interest coverage	2.33×	1.78×	1.78×	2.18×	4.06×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	7.2%	0.8%	-4.4%	9.0%	16.8%
Return on invested capital	2.7%	1.3%	4.2%	1.6%	2.7%
Return on assets	3.4%	0.4%	-2.1%	4.2%	7.7%
Free cash flow yield	-11.3%	2.0%	-1.5%	3.0%	3.4%
Earnings yield	8.3%	1.1%	-2.9%	5.6%	2.8%
Enterprise value	SEK 8.7B	SEK 5.8B	SEK 7.4B	SEK 7B	SEK 5.2B
Net debt / EBITDA	7.16×	10.1×	10.78×	5.85×	3.78×
Cash conversion cycle (days)	61	-36	-128	-102	-1,556