Voltatron AG (VOTR.DE) 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

-1340.2%

-€39.19

vs €3.16 price

Levered DCF

-€51.78

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

0.54

Distress zone

Rating

D+

Overall 1 / 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	44.48×	-5.15×	-7.76×	-4.91×	-2.04×	-1.82×	-0.98×	83.81×
P/B	29.8×	-7.36×	-17.46×	10.77×	15.2×	4.39×	1.93×	1.37×
P/S	3.92×	3.42×	2.35×	6.4×	7.48×	5.01×	1.77×	3.17×
EV / EBITDA	147.92×	-5.27×	-9.74×	-5.64×	-7.53×	-3.66×	-1.08×	20.17×
Gross margin	1.7%	26.2%	19.6%	24.9%	-164.3%	-92.5%	-8.1%	27.6%
Operating margin	-8.9%	-51.9%	-25.9%	-151.1%	-255.6%	-170.5%	-136.7%	7.7%
Net margin	8.8%	-66.6%	-30.4%	-131.4%	-367.9%	-275.3%	-180.0%	3.9%
Current ratio	4.4×	0.41×	0.51×	1.2×	1.02×	1×	2.64×	6.74×
Debt / equity	13.35×	-0.1×	-0.24×	0.18×	0.15×	0.9×	0.28×	0.02×
Interest coverage	-2.57×	-20.92×	-38.26×	-69.32×	-991×	-98.45×	-345.56×	34.68×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.5%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.5%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	67.0%	143.4%	225.6%	-221.2%	-747.3%	-241.0%	-196.7%	1.7%
Return on invested capital	0.4%	117.8%	239.6%	-219.6%	-452.3%	-74.1%	-105.9%	1.5%
Return on assets	4.0%	-68.0%	-66.4%	-59.3%	-224.3%	-92.4%	-114.3%	1.4%
Free cash flow yield	2.0%	-19.5%	2.2%	-12.9%	-33.4%	-2.7%	-26.3%	-32.2%
Earnings yield	2.2%	-19.5%	-12.9%	-20.5%	-49.2%	-55.0%	-101.9%	1.2%
Enterprise value	€125.7M	€18.2M	€24.4M	€18.6M	€26M	€78.9M	€109.7M	€187.7M
Net debt / EBITDA	42.22×	0.52×	0.23×	0.15×	0.05×	-0.53×	-0.1×	-2.63×
Cash conversion cycle (days)	192	57	45	172	51	126	254	451