Stabilus SE (STM.DE) 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

+798.3%

€143.90

vs €16.02 price

Levered DCF

€95.00

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.54

Distress zone

Rating

Overall 4 / 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	26.45×	12.92×	12.85×	10.86×	20.39×	39.49×	13.77×	16.89×
P/B	1×	1.39×	1.91×	1.68×	2.77×	2.68×	2.26×	4.17×
P/S	0.47×	0.69×	1.08×	1×	1.6×	1.51×	1.17×	1.85×
EV / EBITDA	6.93×	7.17×	6.95×	5.48×	8.84×	9.33×	6.93×	10.11×
Gross margin	24.6%	26.2%	26.4%	27.9%	29.9%	28.2%	29.1%	30.2%
Operating margin	6.5%	8.7%	11.3%	12.7%	12.9%	6.8%	13.0%	13.7%
Net margin	1.8%	5.4%	8.4%	9.2%	7.8%	3.8%	8.5%	11.0%
Current ratio	1.58×	1.97×	2.64×	2.55×	2.57×	2.15×	2.29×	2.3×
Debt / equity	1.38×	1.26×	0.43×	0.44×	0.62×	0.78×	0.64×	0.75×
Interest coverage	1.97×	3.47×	10.65×	10.04×	9.24×	5.1×	11.91×	13.94×
Dividend yield	4.7%	4.8%	3.3%	2.8%	0.8%	2.2%	2.2%	1.1%
Payout ratio	123.0%	61.6%	42.5%	30.0%	16.8%	86.4%	30.6%	18.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.8%	10.8%	14.9%	15.5%	13.6%	6.8%	16.4%	24.7%
Return on invested capital	3.0%	4.9%	10.6%	9.8%	8.4%	3.8%	9.4%	12.9%
Return on assets	1.2%	3.7%	7.6%	8.1%	6.3%	2.9%	7.3%	10.4%
Free cash flow yield	17.5%	12.6%	8.0%	7.2%	5.9%	4.9%	8.0%	5.5%
Earnings yield	3.8%	7.7%	7.8%	9.2%	4.9%	2.5%	7.3%	5.9%
Enterprise value	€1.3B	€1.6B	€1.4B	€1.2B	€1.6B	€1.4B	€1.3B	€2B
Net debt / EBITDA	3.64×	3.15×	0.49×	0.54×	0.75×	1.3×	0.94×	0.92×
Cash conversion cycle (days)	74	81	86	84	77	67	61	52