Search companies

Find a company by ticker or name

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
+70.9%
€49.91
vs €29.20 price
Levered DCF
€48.54
After debt service
Piotroski score
6 / 9
Average
Altman Z-score
7.6
Safe zone
Rating
A+
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E21.2×11.65×13.18×10.71×14.12×20.63×18.81×13.33×
P/B2.66×2.3×2.67×2.35×2.77×2.1×2.77×2.56×
P/S1.91×1.81×2.1×1.86×2.31×2×2.04×1.66×
EV / EBITDA7.45×6.42×7.34×6.47×7.37×7.98×8.1×9.16×
Gross margin84.4%82.8%80.8%56.9%51.9%42.9%45.6%79.7%
Operating margin17.6%19.5%21.5%22.7%21.4%12.8%16.8%15.0%
Net margin8.8%15.5%15.9%17.4%16.4%9.7%10.8%12.4%
Current ratio3.64×4.26×4.54×4.25×4.13×4.33×3.26×3.17×
Debt / equity0.07×0.07×0.06×0.11×0.14×0.16×0.21×0×
Interest coverage37.98×56.17×46.68×56.43×43.29×19.33×22.47×40.47×
Dividend yield7.8%8.2%6.6%6.8%2.9%4.4%3.4%4.0%
Payout ratio169.3%96.0%87.2%72.4%41.6%90.3%64.7%53.7%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity12.3%19.7%20.3%21.9%19.6%10.2%14.7%19.1%
Return on invested capital15.9%17.9%20.0%20.4%17.7%9.4%14.6%19.6%
Return on assets9.5%15.8%16.6%17.7%15.5%7.9%10.7%15.2%
Free cash flow yield7.7%11.4%9.3%5.5%10.2%9.1%11.6%2.1%
Earnings yield4.6%8.6%7.6%9.3%7.1%4.8%5.3%7.5%
Enterprise value€345.8M€325.1M€392.6M€373.4M€405.3M€277.2M€386.1M€325.6M
Net debt / EBITDA-0.87×-0.95×-0.94×-0.37×-0.84×-0.78×-0.25×-0.43×
Cash conversion cycle (days)389314345196149166135352