Robit Oyj (ROBIT.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

+114.4%

€2.50

vs €1.17 price

Levered DCF

€0.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.33

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	-107×	25×	-10.79×	67.65×	100.75×	-26.07×	-8.29×	-1.26×
P/B	0.76×	0.6×	0.7×	1.1×	1.74×	1.63×	1.2×	0.68×
P/S	0.41×	0.3×	0.34×	0.49×	0.84×	0.84×	0.7×	0.48×
EV / EBITDA	8.28×	6.97×	11.47×	9.99×	14.75×	25.19×	654.46×	-2.21×
Gross margin	15.6%	33.6%	28.2%	29.0%	29.3%	29.3%	27.8%	32.5%
Operating margin	2.5%	2.8%	0.1%	2.7%	2.1%	-2.6%	-6.3%	-36.0%
Net margin	-0.4%	1.2%	-3.3%	0.7%	0.8%	-3.2%	-8.4%	-38.0%
Current ratio	2.85×	2.86×	3.08×	2.53×	2.25×	2.22×	2.09×	2.52×
Debt / equity	0.58×	0.6×	0.72×	0.72×	0.85×	0.76×	0.75×	0.75×
Interest coverage	1.08×	1.52×	0.05×	1.96×	1.48×	-1.66×	-4.03×	-34.25×
Dividend yield	0.1%	0.1%	1.4%	0.1%	0.0%	0.0%	0.0%	5.3%
Payout ratio	-8.6%	2.5%	-14.5%	3.7%	1.1%	0.0%	0.0%	-6.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.7%	2.4%	-6.7%	1.6%	1.7%	-6.2%	-14.3%	-54.3%
Return on invested capital	-7.7%	3.4%	0.1%	2.3%	2.3%	-2.3%	-5.8%	-28.7%
Return on assets	-0.4%	1.2%	-3.2%	0.8%	0.7%	-2.8%	-6.8%	-26.8%
Free cash flow yield	15.2%	3.8%	24.8%	7.6%	-10.0%	3.9%	-1.5%	-17.4%
Earnings yield	-0.9%	4.0%	-9.6%	1.5%	1.0%	-3.8%	-11.9%	-79.9%
Enterprise value	€47.6M	€46.1M	€53.2M	€84M	€116.8M	€97.8M	€83.8M	€55.1M
Net debt / EBITDA	2.62×	2.82×	4.6×	3.4×	4.04×	5.47×	179.42×	-0.63×
Cash conversion cycle (days)	189	226	200	199	211	177	190	228