Sensys Gatso Group AB (publ) (SGG.ST) 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

-307.6%

-SEK 85.94

vs SEK 41.40 price

Levered DCF

-SEK 36.77

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.78

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
P/E	-95.24×	128.43×	71.37×	49.54×	23.9×	167.4×	-86.98×
P/B	0.79×	1.23×	1.38×	1.47×	1.57×	2.79×	0×
P/S	0.64×	1.2×	1.4×	1.86×	1.74×	3.16×	2.88×
EV / EBITDA	6.04×	12.94×	12.82×	11.24×	10.24×	25.67×	38.03×
Gross margin	41.6%	38.2%	40.5%	45.5%	40.6%	35.6%	35.7%
Operating margin	8.3%	3.7%	6.3%	6.2%	9.1%	2.4%	-6.0%
Net margin	-0.7%	0.9%	2.0%	3.8%	6.4%	1.1%	-3.3%
Current ratio	3.08×	3.46×	1.89×	2.54×	2.12×	1.88×	13.55×
Debt / equity	0.63×	0.62×	0.25×	0.12×	0.19×	0.21×	0×
Interest coverage	1.1×	1.14×	5.25×	7.73×	9.96×	2.17×	-5.5×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.8%	1.0%	1.9%	3.0%	5.8%	1.0%	0.0%
Return on invested capital	-22.9%	1.4%	2.7%	2.6%	5.0%	1.7%	-15.4%
Return on assets	-0.4%	0.5%	1.3%	2.2%	4.1%	0.7%	0.0%
Free cash flow yield	15.3%	-6.0%	-12.7%	8.8%	-3.7%	-1.2%	-4.2%
Earnings yield	-1.0%	0.8%	1.4%	2.0%	3.7%	0.4%	-1.1%
Enterprise value	SEK 670M	SEK 971.7M	SEK 980.2M	SEK 895M	SEK 916.6M	SEK 1.4B	SEK 1.1B
Net debt / EBITDA	1.88×	2.88×	1.42×	-0.3×	0.39×	-0×	-1.11×
Cash conversion cycle (days)	170	177	199	200	211	169	-49