Search companies

Find a company by ticker or name

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
+169.1%
€73.19
vs €27.20 price
Levered DCF
€71.48
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-24.27
Distress zone
Rating
A
Overall 4 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E13.6×11.39×11.07×8.55×12.3×20×11.63×7.39×
P/B0.98×1×1.26×1.18×1.6×1.36×1.33×1.21×
P/S0.23×0.23×0.27×0.25×0.32×0.35×0.27×0.23×
EV / EBITDA3.11×3.07×3.57×3.31×4.76×6.76×4.86×4.43×
Gross margin4.8%5.2%29.4%11.0%10.6%10.5%10.3%10.6%
Operating margin3.0%3.0%3.7%4.6%4.3%3.5%4.3%4.7%
Net margin1.7%2.0%2.4%2.9%2.6%1.7%2.3%3.1%
Current ratio1.74×1.8×1.62×1.76×1.73×1.74×1.51×1.49×
Debt / equity0.16×0.16×0.17×0.22×0.25×0.25×0.24×0.17×
Interest coverage20.74×19.27×67.59×38.06×36.75×26.06×42.29×63.18×
Dividend yield1.6%0.0%2.3%2.7%2.2%0.0%2.7%3.3%
Payout ratio21.1%0.0%25.3%22.9%27.1%0.0%31.9%24.2%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity7.2%8.8%11.4%13.8%13.0%6.8%11.4%16.4%
Return on invested capital6.5%7.1%9.7%11.0%10.1%5.8%9.3%13.8%
Return on assets3.4%4.2%5.2%6.1%5.6%3.2%5.2%7.6%
Free cash flow yield10.6%8.8%11.1%17.8%15.6%16.1%17.1%5.0%
Earnings yield7.4%8.8%9.0%11.7%8.1%5.0%8.6%13.5%
Enterprise value€418.5M€430.7M€547.8M€476.5M€701.2M€654.8M€662.6M€585.4M
Net debt / EBITDA-2.36×-2.06×-1.83×-1.66×-1.17×-1.17×-0.28×-0.01×
Cash conversion cycle (days)7481808581857982