Wetteri Oyj (WETTERI.HE) 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

-10653.7%

-€16.20

vs €0.15 price

Levered DCF

€19.44

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.87

Grey zone

Rating

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	FY2020	FY2019	FY2018
P/E	-2.64×	-5.6×	-19.93×	-16.44×	-7.03×	-4.84×	-56.25×	16.99×
P/B	0.29×	1.35×	2.48×	2.09×	1.96×	1.69×	0.86×	0.8×
P/S	0.02×	0.1×	0.23×	0.33×	0.6×	0.62×	0.35×	0.31×
EV / EBITDA	25.74×	18.64×	17.66×	23.22×	23.72×	66.08×	7.97×	27.51×
Gross margin	17.4%	17.9%	19.4%	24.4%	60.3%	59.0%	59.4%	59.8%
Operating margin	-1.0%	-1.3%	0.1%	-1.4%	-6.2%	-9.7%	-1.1%	2.3%
Net margin	1.0%	-1.6%	-1.1%	-2.0%	-8.5%	-12.8%	-0.6%	1.9%
Current ratio	0.85×	0.82×	0.83×	0.85×	0.35×	0.59×	0.62×	0.85×
Debt / equity	2.31×	3.73×	3.91×	2.42×	1.29×	1.28×	0.84×	0.67×
Interest coverage	0×	-0.58×	0.07×	-1.31×	-3.74×	-5.56×	-0.72×	3×
Dividend yield	0.0%	0.0%	0.0%	1.6%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	-25.8%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.6%	-22.0%	-11.9%	-12.7%	-27.8%	-34.8%	-1.5%	4.7%
Return on invested capital	-3.4%	-3.3%	0.3%	-2.2%	-8.8%	-11.6%	-0.4%	-6.7%
Return on assets	2.5%	-3.2%	-1.9%	-2.5%	-8.8%	-11.3%	-0.6%	2.1%
Free cash flow yield	122.8%	41.3%	10.3%	-0.8%	1.7%	10.5%	20.1%	-9.7%
Earnings yield	40.3%	-16.2%	-4.8%	-6.1%	-14.2%	-20.6%	-1.8%	5.9%
Enterprise value	€94.2M	€163.9M	€215.8M	€135.1M	€10.6M	€11.2M	€9.6M	€7.6M
Net debt / EBITDA	22.85×	13.64×	10.77×	12.38×	9.06×	23.23×	3.76×	9.92×
Cash conversion cycle (days)	50	71	97	109	-85	-95	-109	-76