Selvita S.A. (SLV.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

+1584.6%

PLN 268.53

vs PLN 15.94 price

Levered DCF

PLN 143.99

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.5

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	975.17×	-150×	15.35×	50.24×	101.23×	46.95×	67.14×	32.77×
P/B	2.46×	2.82×	3.28×	5.8×	7.65×	5.76×	8.49×	7.41×
P/S	2.18×	2.66×	3.1×	4.22×	4.84×	6.18×	12.33×	4.85×
EV / EBITDA	15.19×	19.97×	9.92×	21.63×	30.55×	24.14×	51.04×	19.81×
Gross margin	5.3%	78.3%	79.5%	81.1%	80.8%	84.7%	17.4%	84.5%
Operating margin	2.0%	-0.1%	20.0%	11.1%	8.4%	14.2%	12.6%	15.8%
Net margin	0.2%	-1.8%	20.2%	8.4%	4.8%	13.1%	18.1%	14.9%
Current ratio	1.04×	0.61×	1.61×	1.66×	1.87×	4.35×	2.12×	2.92×
Debt / equity	0.53×	0.68×	0.69×	0.81×	0.91×	0.28×	0.57×	0.16×
Interest coverage	0.66×	-0.04×	5.86×	8.3×	6.74×	31.12×	72.28×	118.5×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.3%	-1.9%	21.4%	11.6%	7.6%	12.2%	12.5%	22.7%
Return on invested capital	-1.4%	-0.0%	11.8%	6.4%	5.6%	9.8%	5.1%	19.1%
Return on assets	0.1%	-0.9%	11.0%	5.2%	3.2%	8.2%	6.1%	14.5%
Free cash flow yield	7.2%	5.0%	0.5%	-1.7%	4.0%	1.7%	0.8%	1.1%
Earnings yield	0.1%	-0.7%	6.5%	2.0%	1.0%	2.1%	1.5%	3.1%
Enterprise value	PLN 938.1M	PLN 1.1B	PLN 1.2B	PLN 1.7B	PLN 1.6B	PLN 796.8M	PLN 386.7M	PLN 323.7M
Net debt / EBITDA	2.35×	3.54×	1.37×	1.81×	1.84×	-1.57×	1.51×	-1.17×
Cash conversion cycle (days)	61	-40	-8	-39	-31	-9	218	-109