Unimot S.A. (UNT.WA) 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

+236.9%

PLN 510.67

vs PLN 151.60 price

Levered DCF

PLN 78.87

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

4.52

Safe 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	106.56×	8.42×	2.09×	1.96×	4.29×	7.82×	3.79×	594.03×
P/B	1×	0.99×	0.94×	1.04×	1×	1.03×	0.93×	0.35×
P/S	0.07×	0.08×	0.08×	0.05×	0.04×	0.06×	0.05×	0.02×
EV / EBITDA	7.28×	4.66×	2.4×	1.46×	5.45×	6.59×	4.57×	17.92×
Gross margin	5.7%	4.9%	5.8%	7.1%	4.5%	6.2%	5.0%	3.5%
Operating margin	0.7%	1.3%	4.5%	3.6%	1.3%	1.0%	1.5%	0.0%
Net margin	0.1%	1.0%	3.8%	2.8%	0.9%	0.7%	1.4%	0.0%
Current ratio	1.11×	1.36×	1.38×	1.61×	1.28×	1.36×	1.45×	1.33×
Debt / equity	1.13×	1.04×	0.95×	0.45×	1.26×	0.87×	0.9×	1.22×
Interest coverage	1.05×	1.8×	7.7×	20.29×	10.92×	7.61×	7.43×	0.08×
Dividend yield	4.6%	2.8%	11.0%	0.0%	4.9%	5.9%	0.0%	21.4%
Payout ratio	491.5%	23.4%	23.0%	0.0%	21.2%	45.9%	0.0%	12669.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.9%	11.8%	45.2%	53.1%	23.4%	13.2%	24.5%	0.1%
Return on invested capital	2.1%	4.8%	22.9%	38.4%	10.8%	7.8%	11.5%	0.2%
Return on assets	0.3%	4.0%	15.5%	22.5%	6.2%	4.4%	8.8%	0.0%
Free cash flow yield	24.0%	2.6%	-15.8%	59.9%	-47.3%	51.5%	9.6%	-48.6%
Earnings yield	0.9%	11.9%	47.9%	51.0%	23.3%	12.8%	26.4%	0.2%
Enterprise value	PLN 2B	PLN 2B	PLN 1.6B	PLN 735.6M	PLN 658.5M	PLN 389.8M	PLN 413.2M	PLN 247.1M
Net debt / EBITDA	3.37×	1.89×	0.9×	0×	2.74×	1.94×	2.04×	13.18×
Cash conversion cycle (days)	23	28	21	18	29	29	38	37