Financière de Tubize S.A. (TUB.BR) 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

-100.0%

€0.00

vs €227.60 price

Levered DCF

€0.01

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

16,869.39

Safe zone

Rating

C+

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	100×	70.4×	36.21×	37.07×	48.03×	14.12×	1.43×	9.47×
P/B	4.93×	3.44×	1.78×	1.8×	1.24×	1.32×	0.15×	1.15×
P/S	0×	477,460.32×	0×	386,638.69×	0×	0×	101,180.9×	0×
EV / EBITDA	97.8×	-2,849.26×	17,717.73×	0×	0×	3,720.43×	19,630.46×	-24,093.21×
Gross margin	0.0%	-16771.1%	0.0%	-22327.6%	0.0%	0.0%	100.0%	0.0%
Operating margin	0.0%	-16866.4%	0.0%	-22362.7%	0.0%	0.0%	-28000.0%	0.0%
Net margin	0.0%	679673.6%	0.0%	1044901.1%	0.0%	0.0%	7092600.0%	0.0%
Current ratio	0.03×	0.02×	0.01×	0.01×	0.76×	0.03×	0.01×	0.03×
Debt / equity	0×	0.02×	0.04×	0.03×	0.01×	0.01×	0.03×	0.06×
Interest coverage	-1.57×	0×	0×	-0.88×	-9.33×	-2.07×	-0.88×	-0.4×
Dividend yield	0.5%	0.7%	1.2%	1.1%	0.8%	0.8%	6.2%	0.9%
Payout ratio	49.7%	47.9%	43.4%	39.2%	36.2%	10.6%	8.8%	8.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.9%	4.9%	4.9%	4.9%	2.6%	9.3%	10.6%	12.2%
Return on invested capital	-0.2%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	-0.0%	-0.0%
Return on assets	4.8%	4.7%	4.6%	4.6%	2.6%	9.2%	10.3%	11.5%
Free cash flow yield	1.0%	-0.0%	-0.1%	5.5%	2.1%	2.2%	19.7%	2.8%
Earnings yield	1.0%	1.4%	2.8%	2.7%	2.1%	7.1%	70.1%	10.6%
Enterprise value	€9.3B	€6.4B	€3.3B	€3.2B	€4B	€3.7B	€490.8M	€2.8B
Net debt / EBITDA	-0×	-17.84×	425.99×	0×	0×	32.63×	3,441.52×	-1,195.63×
Cash conversion cycle (days)	-126,763	154	-47	22	-114	0	2,738	0