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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
-17049.2%
-€1.86
vs €0.01 price
Levered DCF
-€3.20
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
-1.48
Distress zone
Rating
—
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
P/E-0.4×-1.98×-50.83×34.72×21.33×16.71×16.95×7.67×
P/B-2.27×1.53×1.03×1.14×1.2×1.59×1.21×0.17×
P/S7.87×23.08×18.73×35.7×17.34×64.66×93.75×402.87×
EV / EBITDA-3.26×-19.76×-839.96×53.54×27.23×16.92×-69.16×95.5×
Gross margin43.5%43.3%49.3%41.5%54.2%7.2%-89.6%-1140.0%
Operating margin-27.8%-20.2%-12.8%3.2%36.6%-69.3%-245.6%-3668.6%
Net margin-1962.4%-1167.7%-36.8%102.8%82.2%390.9%552.1%5253.9%
Current ratio1.45×1.26×17.26×24.82×7.43×2.82×0.9×0.12×
Debt / equity-15.23×3.78×1.66×2.11×1.78×1.15×1.05×0.68×
Interest coverage-0.5×-0.43×-0.46×0.07×0.57×-0.34×-1.51×-1.47×
Dividend yield0.0%16.5%10.9%7.2%7.6%6.7%0.0%0.0%
Payout ratio0.0%-32.7%-553.2%249.4%160.5%110.2%0.0%0.0%
Key metrics by fiscal year
MetricFY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Return on equity566.6%-77.2%-2.0%3.3%5.7%9.6%7.1%2.3%
Return on invested capital-0.6%-0.3%-0.3%0.0%0.9%-0.8%-1.2%-0.5%
Return on assets-39.3%-16.0%-0.8%1.0%2.0%4.4%3.1%1.1%
Free cash flow yield-19.8%-8.6%0.2%-2.1%8.4%-2.3%-4.5%-9.9%
Earnings yield-249.4%-50.6%-2.0%2.9%4.7%6.0%5.9%13.0%
Enterprise value€72.6M€103.2M€115.1M€148.5M€134.8M€116.9M€103.6M€19.1M
Net debt / EBITDA-2.84×-14.07×-509.73×32.38×16.04×5.93×-31.3×75.4×
Cash conversion cycle (days)4,7993,8928851,135449-181,3541,309