Revenio Group Oyj (REG1V.HE) 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

+78.5%

€18.35

vs €10.28 price

Levered DCF

€17.91

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.16

Distress zone

Rating

Overall 3 / 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	34.46×	37.97×	37.72×	47.07×	85.46×	100.6×	72.92×	37.41×
P/B	5.19×	6.56×	7.22×	11.29×	18.81×	19.2×	10.46×	16.84×
P/S	5.42×	6.83×	7.47×	10.58×	18.73×	21.92×	13.61×	9.93×
EV / EBITDA	19.39×	22.9×	23.86×	30.93×	58.18×	68.28×	46.26×	27.26×
Gross margin	42.8%	70.4%	70.7%	71.9%	70.8%	71.0%	69.8%	74.5%
Operating margin	23.2%	24.2%	27.3%	30.6%	28.1%	28.1%	25.5%	33.3%
Net margin	15.9%	17.9%	19.8%	22.4%	22.0%	21.9%	18.9%	26.4%
Current ratio	2.05×	2.18×	2.28×	2.05×	1.03×	2.43×	2.4×	4.08×
Debt / equity	0.1×	0.12×	0.18×	0.22×	0.31×	0.39×	0.45×	0.02×
Interest coverage	61.2×	35.23×	34.53×	99.27×	87.71×	67.98×	41.29×	2,041×
Dividend yield	1.8%	1.4%	1.3%	0.9%	0.6%	0.6%	1.0%	2.0%
Payout ratio	60.9%	54.6%	50.1%	41.5%	49.1%	59.5%	71.8%	76.8%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.2%	17.2%	19.1%	23.9%	22.1%	19.2%	14.5%	44.8%
Return on invested capital	14.9%	15.0%	16.3%	19.2%	16.2%	13.5%	9.7%	43.9%
Return on assets	11.6%	13.1%	13.9%	16.0%	13.9%	11.7%	8.5%	36.7%
Free cash flow yield	4.4%	2.8%	0.9%	2.1%	1.3%	1.0%	1.6%	2.8%
Earnings yield	2.9%	2.6%	2.6%	2.1%	1.2%	1.0%	1.4%	2.7%
Enterprise value	€579.8M	€699M	€717.9M	€1B	€1.5B	€1.3B	€675.4M	€294.3M
Net debt / EBITDA	-0.51×	-0.26×	-0.12×	-0.36×	-0.03×	-0.08×	0.15×	-0.93×
Cash conversion cycle (days)	67	88	95	21	37	66	11	57