SimFabric S.A. (SIM.WA) 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

-153.5%

-PLN 0.67

vs PLN 1.26 price

Levered DCF

-PLN 3.27

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

6.6

Safe zone

Rating

B-

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	-51.67×	-57.98×	-13.24×	-7.49×	26.04×	35.39×	151.81×	4,739.13×
P/B	1.22×	0.87×	1.55×	1.89×	6.33×	13.61×	30.15×	50.63×
P/S	2.07×	1.2×	1.54×	3.98×	9.43×	15.6×	41.9×	305.25×
EV / EBITDA	10.56×	3.93×	7.83×	-18.92×	16.36×	30×	126.54×	1,164.93×
Gross margin	100.0%	100.0%	100.0%	100.0%	98.3%	85.8%	149.8%	295.4%
Operating margin	8.7%	0.8%	-3.6%	-58.0%	38.9%	43.8%	32.3%	20.5%
Net margin	-3.5%	-2.1%	-11.4%	-53.6%	36.2%	44.3%	27.6%	6.5%
Current ratio	5.55×	2.64×	1.82×	8.78×	9.72×	5.22×	3.06×	8.55×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	1.3×	0×	-0.33×	-43.61×	71.33×	170.19×	192.03×	16.73×
Dividend yield	0.0%	0.0%	0.0%	0.0%	1.8%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	46.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.0%	-1.5%	-11.4%	-25.5%	24.3%	38.6%	19.9%	1.1%
Return on invested capital	2.9%	0.5%	-2.0%	-13.9%	16.7%	36.2%	20.7%	1.1%
Return on assets	-1.5%	-1.0%	-4.3%	-12.0%	15.4%	38.6%	13.1%	0.9%
Free cash flow yield	-2.6%	-13.6%	-28.1%	-22.2%	-2.7%	2.5%	-0.1%	-0.9%
Earnings yield	-1.7%	-1.7%	-7.4%	-13.5%	3.8%	2.8%	0.7%	0.0%
Enterprise value	PLN 16.8M	PLN 11.7M	PLN 17.1M	PLN 19.8M	PLN 74.5M	PLN 155.5M	PLN 67.1M	PLN 61.1M
Net debt / EBITDA	-0.07×	-0.25×	-0.14×	4.8×	-2.21×	-1.58×	-1.95×	-4.4×
Cash conversion cycle (days)	42,400	322	-671,000	-1,547,795	-3,517	-288	-809	-916