Windon Energy Group AB (WEG.ST) 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

+1205.4%

SEK 5.48

vs SEK 0.42 price

Levered DCF

SEK 2.23

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-1.1

Distress zone

Rating

B-

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
P/E	-1.22×	-2.22×	16.17×	-48.99×	0×
P/B	0.45×	0.5×	0.96×	1.06×	0×
P/S	0.83×	0.98×	1.16×	0×	0×
EV / EBITDA	-2.1×	-2.79×	5.96×	-2.92×	0×
Gross margin	25.1%	24.7%	33.6%	0.0%	0.0%
Operating margin	-67.3%	-48.1%	9.3%	0.0%	0.0%
Net margin	-68.3%	-44.2%	7.3%	0.0%	0.0%
Current ratio	1.35×	5.01×	4.43×	0×	54.77×
Debt / equity	0.03×	0×	0×	0×	0×
Interest coverage	-61.36×	-173.87×	230×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	-37.4%	-22.7%	6.0%	-2.2%	0.0%
Return on invested capital	-35.7%	-22.8%	5.4%	-2.3%	0.0%
Return on assets	-31.4%	-21.3%	5.3%	-2.2%	0.0%
Free cash flow yield	-35.1%	-32.2%	10.3%	-3.0%	0.0%
Earnings yield	-82.4%	-45.3%	6.3%	-2.0%	0.0%
Enterprise value	SEK 16.1M	SEK 18.5M	SEK 40.8M	SEK 1.8M	-SEK 10.9M
Net debt / EBITDA	-0.22×	0.51×	-1.52×	46.09×	0×
Cash conversion cycle (days)	130	173	128	0	0