Sligro Food Group N.V. (SLIGR.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

+364.2%

€42.38

vs €9.13 price

Levered DCF

€136.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

2.43

Grey 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	14.85×	20.63×	113.29×	18.45×	47.33×	-10.65×	32×	33.46×
P/B	0.93×	1.04×	1.52×	1.5×	2.08×	1.73×	2.12×	2.86×
P/S	0.17×	0.17×	0.25×	0.29×	0.5×	0.38×	0.44×	0.65×
EV / EBITDA	5.76×	6.7×	9.76×	8.8×	12.49×	88.43×	11.39×	14.67×
Gross margin	25.9%	26.5%	23.1%	26.7%	26.2%	19.5%	24.4%	24.1%
Operating margin	1.9%	1.5%	0.9%	1.7%	1.3%	-0.9%	1.9%	2.3%
Net margin	1.1%	0.8%	0.2%	1.6%	1.1%	-3.6%	1.4%	2.0%
Current ratio	0.95×	0.9×	0.91×	0.99×	1.07×	0.95×	0.89×	1.18×
Debt / equity	1.07×	1.14×	1.05×	0.89×	0.87×	0.96×	0.9×	0.37×
Interest coverage	3.13×	2.39×	1.63×	6.14×	3.57×	-2×	6.43×	13.75×
Dividend yield	4.9%	2.6%	3.4%	1.8%	0.0%	5.0%	5.9%	25.9%
Payout ratio	73.3%	54.2%	400.0%	33.3%	0.0%	-53.6%	187.9%	863.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.3%	5.1%	1.3%	8.1%	4.4%	-16.2%	6.6%	8.6%
Return on invested capital	3.8%	3.5%	-16.3%	4.3%	2.2%	-1.9%	3.8%	5.9%
Return on assets	1.9%	1.6%	0.4%	2.7%	1.6%	-5.8%	2.3%	3.8%
Free cash flow yield	29.2%	9.1%	8.4%	4.2%	3.1%	3.9%	2.6%	-2.0%
Earnings yield	6.7%	4.9%	0.9%	5.4%	2.1%	-9.4%	3.1%	3.0%
Enterprise value	€864.6M	€950.8M	€1.2B	€1.1B	€1.3B	€1.1B	€1.5B	€1.7B
Net debt / EBITDA	2.79×	3.23×	3.81×	2.97×	3.61×	30.92×	3.31×	1.44×
Cash conversion cycle (days)	14	22	18	16	25	9	12	15