Vidrala, S.A. (VID.MC) 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

+43.2%

€125.02

vs €87.30 price

Levered DCF

€109.23

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.73

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	13.75×	12.04×	12.36×	15.42×	16.89×	16.07×	16.92×	14.28×
P/B	2.04×	2.28×	2.35×	2.29×	2.54×	3.14×	3.35×	2.72×
P/S	1.96×	1.87×	1.85×	1.76×	2.26×	2.59×	2.4×	1.73×
EV / EBITDA	6.55×	7×	8.46×	9.02×	9.5×	9.54×	10.14×	8.73×
Gross margin	60.2%	57.6%	54.9%	48.4%	65.9%	65.7%	67.9%	65.9%
Operating margin	19.9%	20.8%	18.6%	13.7%	16.5%	19.6%	18.3%	15.4%
Net margin	14.3%	18.7%	15.0%	11.4%	13.4%	16.1%	14.2%	12.1%
Current ratio	1.58×	1.56×	1.28×	1.6×	1.56×	1.21×	1.21×	1.49×
Debt / equity	0.08×	0.26×	0.49×	0.27×	0.19×	0.23×	0.36×	0.69×
Interest coverage	9.42×	8.24×	17.82×	60.58×	83.92×	61.5×	38.68×	22.22×
Dividend yield	1.8%	5.8%	1.3%	1.5%	1.3%	1.2%	1.1%	1.4%
Payout ratio	24.8%	58.3%	16.1%	22.5%	22.7%	19.8%	19.2%	20.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	14.8%	22.8%	19.1%	14.9%	15.0%	19.5%	19.8%	19.0%
Return on invested capital	11.5%	13.9%	11.6%	10.3%	10.9%	13.0%	13.5%	10.6%
Return on assets	9.0%	12.9%	9.4%	7.9%	8.5%	10.5%	9.8%	8.2%
Free cash flow yield	6.7%	6.5%	3.9%	-0.3%	7.0%	5.4%	5.0%	6.1%
Earnings yield	7.3%	10.0%	8.1%	6.5%	5.9%	6.2%	5.9%	7.0%
Enterprise value	€2.9B	€3.2B	€3.4B	€2.5B	€2.5B	€2.6B	€2.7B	€2.1B
Net debt / EBITDA	0.02×	0.53×	1.28×	0.45×	0.11×	0.28×	0.88×	1.7×
Cash conversion cycle (days)	20	78	105	75	33	70	99	24