Siili Solutions Oyj (SIILI.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

+1071.9%

€31.17

vs €2.66 price

Levered DCF

€21.25

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.57

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	38.58×	13.16×	15.84×	32.86×	20×	21.03×	25.33×	34.78×
P/B	0.89×	1.1×	1.89×	3.05×	4.11×	4.3×	3.1×	2.85×
P/S	0.33×	0.41×	0.65×	1.04×	1.03×	1.11×	0.79×	0.8×
EV / EBITDA	5.23×	5.26×	6.1×	10.52×	9.5×	7.73×	8.99×	14.48×
Gross margin	16.3%	11.8%	19.8%	28.4%	27.8%	27.1%	27.9%	28.7%
Operating margin	0.1%	3.2%	5.6%	8.6%	7.6%	6.4%	4.6%	3.5%
Net margin	0.9%	3.1%	4.1%	3.2%	5.2%	5.3%	3.2%	2.2%
Current ratio	1.12×	1.3×	1.38×	1.68×	1.47×	1.31×	1.35×	1.44×
Debt / equity	0.25×	0.46×	0.55×	0.85×	1.32×	0.43×	0.56×	0.69×
Interest coverage	0.07×	9.05×	10.34×	7.78×	6.04×	15.73×	9.7×	23.93×
Dividend yield	4.0%	4.6%	2.0%	1.0%	1.9%	1.2%	2.7%	4.9%
Payout ratio	156.0%	61.1%	32.5%	33.7%	38.2%	25.6%	66.9%	172.9%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.3%	8.3%	11.8%	9.3%	20.7%	20.4%	12.4%	8.0%
Return on invested capital	0.2%	5.7%	9.4%	9.2%	10.4%	9.9%	7.4%	4.9%
Return on assets	1.2%	4.1%	5.0%	3.5%	6.3%	7.2%	4.6%	3.2%
Free cash flow yield	3.4%	20.5%	7.8%	10.3%	7.4%	10.8%	10.3%	2.0%
Earnings yield	2.6%	7.5%	6.3%	3.0%	5.0%	4.7%	4.0%	2.8%
Enterprise value	€33.5M	€44.9M	€73.8M	€121.1M	€114.7M	€80.4M	€63.5M	€59.5M
Net debt / EBITDA	-0.41×	-0.12×	-0.48×	-0.17×	1.03×	-1.19×	-0.04×	0.86×
Cash conversion cycle (days)	-16	41	44	40	46	22	41	-42