ProfilGruppen AB (publ) (PROF-B.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

+141.1%

SEK 267.59

vs SEK 111.00 price

Levered DCF

SEK 131.05

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.19

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	11.68×	7.84×	8.72×	8.07×	6.78×	38.45×	10.16×	9.38×
P/B	1.23×	1.12×	1.32×	1.4×	1.61×	1.65×	1.88×	2.09×
P/S	0.37×	0.32×	0.32×	0.28×	0.41×	0.49×	0.46×	0.47×
EV / EBITDA	4.31×	3.12×	3.29×	4.82×	4.22×	8.58×	6.19×	5.25×
Gross margin	12.4%	13.0%	10.7%	10.5%	13.7%	9.2%	13.0%	12.9%
Operating margin	6.4%	7.1%	6.2%	5.6%	8.4%	2.6%	7.0%	7.0%
Net margin	2.8%	4.1%	3.7%	3.4%	6.0%	1.3%	4.6%	5.0%
Current ratio	1.53×	1.49×	1.29×	1.15×	1.2×	1.13×	1.16×	1.27×
Debt / equity	0.3×	0.17×	0.22×	0.62×	0.41×	0.64×	0.78×	0.35×
Interest coverage	32.3×	5.89×	5.13×	8.17×	17.17×	3.4×	9.93×	17.49×
Dividend yield	4.9%	6.0%	4.3%	14.1%	1.8%	0.0%	4.9%	4.7%
Payout ratio	64.3%	46.9%	37.6%	114.2%	12.0%	0.0%	49.9%	44.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.4%	14.2%	15.2%	17.4%	23.7%	4.3%	18.5%	22.3%
Return on invested capital	11.2%	13.6%	13.9%	12.5%	16.7%	3.5%	11.1%	15.9%
Return on assets	4.7%	6.9%	6.3%	6.3%	8.8%	1.6%	6.8%	8.8%
Free cash flow yield	-8.4%	3.2%	44.3%	0.6%	3.8%	12.4%	-16.2%	1.3%
Earnings yield	7.6%	12.8%	11.5%	12.4%	14.8%	2.6%	9.8%	10.7%
Enterprise value	SEK 1B	SEK 776M	SEK 803.6M	SEK 1.1B	SEK 1.1B	SEK 901.3M	SEK 1B	SEK 854.6M
Net debt / EBITDA	0.68×	0.17×	0.05×	1.42×	0.76×	1.94×	1.69×	0.61×
Cash conversion cycle (days)	93	81	73	81	90	75	66	60