Robot, S.A. (RBT.MC) 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

+458.3%

€34.33

vs €6.15 price

Levered DCF

€50.86

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

3.91

Safe zone

Rating

D+

Overall 1 / 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	6.95×	4.18×	-92.31×	70.04×	-14×	-8.38×	9.17×	16.92×
P/B	1.11×	0.81×	1.14×	1.1×	1.29×	1.2×	1.03×	1.18×
P/S	0.98×	0.74×	0.9×	1.17×	2.22×	2.68×	1.38×	1.65×
EV / EBITDA	5.23×	4.38×	21.36×	20.97×	-75.76×	-15.7×	7.23×	10.52×
Gross margin	35.6%	80.9%	75.5%	83.8%	72.0%	87.8%	80.3%	77.1%
Operating margin	23.5%	23.5%	0.1%	-1.7%	-20.0%	-42.4%	18.8%	10.4%
Net margin	14.0%	17.8%	-1.0%	1.7%	-15.6%	-31.4%	16.4%	10.0%
Current ratio	1.63×	1.77×	1.53×	1.43×	2.26×	4×	3.57×	3.39×
Debt / equity	0.6×	0.71×	1.35×	1.14×	0.98×	0.69×	0.41×	0.4×
Interest coverage	7.42×	5.7×	0.03×	-0.55×	-4.51×	-12.73×	17.95×	6.29×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	1.8%	1.8%	2.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-15.3%	15.0%	40.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.7%	19.2%	-1.2%	1.6%	-9.1%	-14.0%	12.3%	7.2%
Return on invested capital	14.6%	13.1%	0.0%	0.4%	-3.9%	-7.5%	9.5%	5.5%
Return on assets	9.2%	10.3%	-0.5%	0.7%	-4.4%	-8.0%	8.2%	4.8%
Free cash flow yield	8.7%	22.9%	2.7%	-13.8%	-18.9%	-11.8%	-14.3%	2.2%
Earnings yield	14.2%	23.9%	-1.1%	1.4%	-7.0%	-11.7%	11.9%	6.1%
Enterprise value	€12.2M	€9.7M	€11M	€10.1M	€10.1M	€9.2M	€8.4M	€7.4M
Net debt / EBITDA	1.8×	2.04×	11.53×	10.46×	-31.43×	-5.25×	1.9×	1.98×
Cash conversion cycle (days)	267	533	560	959	847	1,786	536	405