Sunborn International Plc (SBI.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

-640.0%

-€0.52

vs €0.10 price

Levered DCF

-€0.21

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.23

Distress zone

Rating

Overall 2 / 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	-27.94×	-330×	-17.92×	-1.89×	12.68×	-3.37×	24.33×	-10.16×
P/B	1.4×	-210.73×	-2.22×	-5.22×	7.02×	101.65×	4.23×	5.65×
P/S	5.88×	361.8×	0.4×	0.84×	1.34×	35.22×	1.7×	7.45×
EV / EBITDA	43.46×	-694.74×	21.57×	-2.85×	9.59×	-3.46×	13.84×	-25.34×
Gross margin	30.7%	24.3%	60.3%	39.4%	56.5%	-161.3%	62.9%	29.1%
Operating margin	1.2%	-59.2%	0.0%	-43.6%	10.7%	-1042.3%	10.6%	-33.6%
Net margin	-21.1%	-109.4%	-2.3%	-44.4%	10.7%	-1050.8%	7.0%	-74.0%
Current ratio	0.1×	0.18×	0.24×	0.26×	0.48×	0.55×	1.49×	1.52×
Debt / equity	1.03×	-0.09×	-1.28×	-1.67×	0.13×	0×	0×	0×
Interest coverage	0.05×	-1.13×	0.01×	-12.69×	64.62×	-103.41×	17.77×	-0.85×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-5.0%	63.7%	12.4%	277.7%	56.3%	-3032.5%	17.4%	-56.2%
Return on invested capital	0.1%	37.8%	0.6%	-393.8%	49.6%	-3008.2%	25.6%	-25.5%
Return on assets	-2.3%	-53.3%	-3.0%	-53.1%	19.3%	-58.3%	9.6%	-27.3%
Free cash flow yield	-0.3%	0.2%	5.5%	-34.9%	-9.4%	-10.0%	-12.9%	-8.7%
Earnings yield	-3.6%	-0.3%	-5.6%	-53.2%	8.0%	-29.8%	4.1%	-9.9%
Enterprise value	€191.6M	€375.4M	€2M	€3.2M	€5.7M	€4.9M	€6M	€6.3M
Net debt / EBITDA	17.95×	-0.2×	7.69×	-0.67×	0.08×	0.27×	-2.12×	5.51×
Cash conversion cycle (days)	28	-375	-196	-88	-28	799	40	-52