Shareholder Value Beteiligungen AG (SVE.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

-86.1%

€11.30

vs €81.50 price

Levered DCF

€5.00

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

119.41

Safe 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	8.33×	-3.77×	-5.99×	-10.04×	2.61×	426.09×	18.35×	-8.79×
P/B	0.83×	0.8×	0.77×	0.91×	1.04×	1.2×	1.25×	1.25×
P/S	7.42×	-4.14×	-6.94×	24.61×	2.28×	8.67×	7.75×	22.58×
EV / EBITDA	7.81×	-3.26×	-6.14×	47.67×	1.83×	12.29×	11.58×	8.33×
Gross margin	100.0%	100.3%	-98.9%	64.1%	76.7%	85.5%	49.5%	-329.4%
Operating margin	89.2%	109.8%	-105.9%	51.1%	87.6%	72.7%	87.1%	47.5%
Net margin	89.0%	109.8%	115.8%	-244.9%	87.6%	2.1%	42.3%	-256.9%
Current ratio	18.34×	663.57×	0.32×	1.84×	20,612.32×	1.2×	0.91×	0.79×
Debt / equity	0×	0×	0.02×	0.02×	0×	0.1×	0.11×	0.15×
Interest coverage	9,707.23×	-338.39×	83.67×	315.96×	137,643.87×	0×	403.92×	78.72×
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	9.9%	-21.2%	-12.8%	-9.1%	40.1%	0.3%	6.8%	-14.2%
Return on invested capital	9.9%	-21.2%	11.5%	1.9%	40.0%	9.0%	12.7%	2.3%
Return on assets	9.9%	-21.2%	-12.5%	-8.9%	40.0%	0.3%	6.2%	-12.3%
Free cash flow yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings yield	12.0%	-26.5%	-16.7%	-10.0%	38.4%	0.2%	5.5%	-11.4%
Enterprise value	€53.2M	€43.8M	€60.5M	€78.4M	€68.2M	€70.4M	€77.3M	€74.4M
Net debt / EBITDA	-0.51×	0.51×	-0.15×	-0.49×	-0.82×	0.36×	0.92×	0.91×
Cash conversion cycle (days)	-2,083	-96	-19	1	2	40	438	-0