Strategic Partners A/S (STRAP.CO) 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

-95.0%

DKK 29.70

vs DKK 595.00 price

Levered DCF

DKK 18.72

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

22.59

Safe 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	-33.24×	-103.14×	-1,797.3×	-280.25×	-956.52×	-3,006.27×	-4,291.64×	-3,857.89×
P/B	1.58×	1.59×	3.27×	0.76×	64.17×	3.07×	27.34×	2.28×
P/S	94.22×	0×	0×	0×	16.56×	0×	0×	0×
EV / EBITDA	-11.74×	-133.06×	-2.92×	0.19×	-0.89×	-2.03×	-4.19×	-2.13×
Gross margin	100.0%	0.0%	0.0%	0.0%	50.0%	0.0%	0.0%	0.0%
Operating margin	-791.6%	0.0%	0.0%	0.0%	-230.6%	0.0%	0.0%	0.0%
Net margin	-278.0%	0.0%	0.0%	0.0%	-1731.1%	0.0%	0.0%	0.0%
Current ratio	13.9×	4.64×	3.81×	3.61×	1.23×	4.7×	2.25×	7.99×
Debt / equity	0×	0×	0×	0×	4.28×	0.11×	1.46×	0×
Interest coverage	0×	0×	0×	0×	-8.69×	-43.12×	-69.95×	-67.09×
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	-4.7%	-1.5%	-182.9%	-269.9%	-6708.8%	-102.1%	-637.2%	-59.1%
Return on invested capital	-13.3%	-1.0%	-189.9%	-93.7%	-101.1%	-87.6%	-253.4%	-58.3%
Return on assets	-4.4%	-1.3%	-134.9%	-194.6%	-361.7%	-77.0%	-186.7%	-52.0%
Free cash flow yield	-7.3%	-11.0%	-0.0%	-380.0%	-100.7%	-28.6%	-22.8%	-26.8%
Earnings yield	-3.0%	-1.0%	-56.0%	-356.3%	-104.5%	-33.3%	-23.3%	-25.9%
Enterprise value	DKK 28.7M	DKK 26.7M	DKK 35.3M	-DKK 7.9M	DKK 537M	DKK 1.2B	DKK 1.4B	DKK 490.7M
Net debt / EBITDA	0.16×	19.33×	0.93×	0.96×	0.1×	1.07×	0.14×	1.71×
Cash conversion cycle (days)	0	0	0	-2,034	-400	-2,102	-105	-4,834