Sif Holding N.V. (SIFG.AS) 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

-4949.4%

-€140.63

vs €2.90 price

Levered DCF

-€28.23

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.19

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	-5.11×	-279.08×	32.63×	42.96×	27.82×	59.07×	59.52×	-145.02×
P/B	0.94×	1.53×	1.18×	2.92×	3.15×	4.65×	3.81×	3.56×
P/S	0.31×	0.85×	0.64×	0.82×	0.76×	1.3×	1.01×	1.26×
EV / EBITDA	15.63×	18.56×	7.89×	8.87×	9.08×	15.36×	15.54×	26.12×
Gross margin	4.5%	14.1%	18.0%	20.1%	16.8%	18.8%	17.4%	17.2%
Operating margin	-7.0%	0.9%	3.1%	3.2%	3.8%	3.4%	2.8%	-0.6%
Net margin	-6.1%	0.3%	2.4%	1.9%	2.7%	2.2%	1.7%	-0.9%
Current ratio	0.49×	0.72×	1.32×	0.9×	0.93×	0.81×	0.83×	0.74×
Debt / equity	1.19×	1.01×	0.54×	1.03×	1.03×	0.58×	0.95×	0.37×
Interest coverage	-3.38×	1×	4.23×	9.41×	9.88×	6.97×	5.02×	-1.62×
Dividend yield	0.0%	0.0%	0.0%	1.6%	0.9%	0.0%	0.8%	2.6%
Payout ratio	0.0%	0.0%	0.0%	67.2%	26.4%	0.0%	46.5%	-373.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-18.3%	0.5%	4.4%	6.9%	11.3%	7.8%	6.3%	-2.5%
Return on invested capital	-7.0%	0.5%	2.5%	4.2%	6.0%	6.4%	4.8%	-0.9%
Return on assets	-5.1%	0.2%	1.8%	2.0%	3.6%	3.0%	2.3%	-1.1%
Free cash flow yield	3.9%	-28.0%	-21.5%	9.8%	24.9%	6.8%	5.0%	0.8%
Earnings yield	-19.6%	0.3%	3.7%	2.4%	3.6%	1.7%	1.7%	-0.7%
Enterprise value	€330.3M	€487.1M	€290.5M	€323M	€354.7M	€487.6M	€409.4M	€327.7M
Net debt / EBITDA	6.77×	4.73×	0.01×	0.48×	0.83×	1.64×	3.05×	2.42×
Cash conversion cycle (days)	-26	-40	-43	-72	-37	-5	15	40